XRP Gears Up for a Legendary 41% Surge: Bullish Chart Signals Historic Breakout

XRP is poised for an epic surge, with a 41% pump on the horizon that could be legendary. As highlighted by Egrag Crypto, a top analyst, the chart is incredibly bullish in the macro view, signaling a potential breakout that might echo the historic rise of 2017. 

Back then, a similar 41% surge led to unprecedented gains, raising hopes that history may repeat itself. While pinpointing the exact percentage increase is challenging, the Fibonacci 1.618 target suggests significant upward potential.

The XRP price at press time is $0.5261, with a 24-hour trading volume of $1,125,434,262, reflecting a slight surge of 0.19% in the last day. According to  Whale Alert, recent large transactions include 29,850,000 XRP transferred to Bitso, 28,890,000 XRP to Bitstamp, and 150,000,000 XRP moved from Ripple to an unknown wallet. These movements indicate significant interest and activity, possibly foreshadowing a major price move.

Looking back, XRP’s history reveals a pattern of dramatic surges followed by corrections. In 2014, XRP’s price soared from around $0.0024 to $0.0584, a 2,033.48% increase, followed by a correction. In 2015, another substantial rally saw XRP climb from approximately $0.0253 to $0.2181, marking an 897.41% increase. 

The major bull run of 2017 pushed XRP to a peak of around $3.5608 in early 2018, representing a phenomenal 4,587% increase from its previous low. However, since 2018, XRP has been in a prolonged bear market, with prices fluctuating but failing to reach previous highs.

Currently, XRP is in a consolidation phase, forming a symmetrical triangle on the chart. This pattern often precedes a significant breakout, and the direction of the breakout will determine the next major trend. 

If XRP breaks above the upper trendline, the next significant resistance levels to watch are around $1.7931 and $3.3014. Conversely, if it breaks downward, support at $0.2181 and $0.1099 will be crucial.

Significant resistance levels include $1.7931, a historical resistance from the 2017-2018 bull run, and $3.3014, a major psychological barrier. Future projections based on Fibonacci extensions point to $7.3866 (Fib 1.236), $13.5012 (Fib 1.414), and $27.0255 (Fib 1.618) as potential long-term targets. These ambitious targets highlight the strong bullish sentiment surrounding XRP.