Ripple’s XRP Surged by Over 30,000% Last Time This Happened: Price Action and Fundamentals Suggest It Could Repeat

Based on emerging chart patterns and fundamentals, some analysts speculate that XRP could experience massive gains rivaling its 2017 bull run. If historical price action repeats, Ripple’s native token may rise over 30,000% from current levels.

Recurring Triangle Breakout Pattern

As noted by market observer **Captain Faibik**, XRP appears poised for a major trend defining move as it forms a triangle consolidation on higher time frame charts.

**In 2017, when the triangle breakout occurred, $XRP surged by over 30,000%. Now, Once again It’s on the verge of Triangle Breakout. Will History Repeat itself?**” Faibik pondered.

Indeed, the symmetrical triangle developing on XRP’s weekly chart closely resembles the structure that preceded its last parabolic advance four years ago. A decisive breakout in 2024 could similarly spark an exponential move higher.

Ripple Expanding Global Payments Infrastructure

Importantly, unlike lesser-known “altcoins,” XRP has an entire payments infrastructure being built around it by one of the largest blockchain companies in the world – Ripple.

As ^**HighVibe^** points out, Ripple has specifically focused on constructing real-time global settlement rails for financial institutions.

“**#Ripple built the INFRASTRUCTURE for the new Global Real Time Payments System! This is the reason why the #BIS assigned #Ripple to the cross-border payment task force,**” HighVibe emphasized.

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Mainstream Adoption Accelerating

Therefore, XRP is years ahead of most cryptocurrencies when it comes to seeing mass adoption for payments, especially across borders.

The ongoing expansion of RippleNet and other proprietary solutions ensures XRP will be uniquely positioned for an influx of demand as banks and partners integrate into this new financial infrastructure.

“**#Xrp will take a LARGE MARKET SHARE of the #crypto market! This will be within a blink of a eye! ALL BANKS WILL BE PLUGGED INTO #Ripple NETWORK,**” HighVibe predicted.

So based on repeat chart patterns signaling a 2017-style breakout paired with Ripple’s continuous infrastructure rollouts, XRP seems gearing up for substantially higher prices in 2024 and beyond. Speculators like Captain Faibik believe XRP’s next growth cycle could even rival its meteoric 30,000%+ climb from last market cycle – one that elevated the asset to all-time highs and a top 3 rank by market capitalization at the peak. With Ripple accelerating into the mainstream and a looming triangle breakout, history appears set to repeat for XRP holders banking on new highs.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.