XRP Price Flashes Similarities To 2024 That Led To 600% Surge
The latest XRP price analysis shows a market posture remarkably similar to the technical setup that preceded its explosive 600% rally in late 2024. The analysis, released on November 27, highlights a repeatable pattern framework—historically signaling the transition from quiet consolidation to aggressive price expansion. With multiple indicators aligning, XRP is once again approaching a potential breakout window that traders remember well.
XRP Price Structure Echoes The 2024 Breakout Setup
The analysis shared by “guyonearth” on X argues that XRP is rebuilding the same technical foundation that preceded its major 2024 breakout. In that earlier cycle, the asset spent months tightening within a defined structure before unleashing a vertical rally. The analyst notes that the current configuration follows the same blueprint, with the cryptocurrency once again entering a compressed phase that often precedes high-momentum expansion.
The latest chart shows XRP trading inside a descending channel and recently rebounding from the lower boundary—an early signal that momentum may be shifting. The next critical objective is the channel’s upper boundary near $2.40, identified as the confirmation level for renewed upside. A move into this zone would indicate strengthening buyer control and open the door for broader trend acceleration.
Central to this setup is the $1.90–$2.00 support corridor, which continues to operate as XRP’s structural floor. The asset has repeatedly reversed from this band, reinforcing it as the market’s preferred pivot. Maintaining this range is essential for preserving the bullish setup, as losing it would disrupt the pattern and undermine continuation prospects.
Momentum indicators align with the broader narrative. The RSI is forming higher lows beneath a descending resistance line, suggesting that accumulation is quietly rebuilding. Viewed together, these elements form a unified narrative: XRP is recreating the combination of support integrity, structural tightening, and momentum rebuilding that historically led to a dramatic upward move. The analyst’s standpoint is that, if these components continue to hold, the altcoin may once again be positioning itself for a breakout that mirrors its 2024 trajectory.
Bitcoin Dominance Unlocks A Favorable Window
Broader market conditions add a supportive backdrop for XRP’s projected rally. The analyst notes that Bitcoin Dominance remains high and stable, as long as it stays above 57.5%. A drop below that level typically triggers stronger capital rotation into altcoins.
He expects dominance to eventually fall toward 43%, a shift that would mark a major redistribution of market share. That projected decline forms the window in which the altcoin could gain momentum, provided it continues to hold the $1.90–$2.00 support zone.
If Bitcoin dominance rolls over while XRP maintains structural strength, liquidity could tilt sharply toward altcoins. With a clear technical pattern and a short-term target near $2.40, the analyst positions XRP as well-placed to benefit from that rotation.
Featured image created with Dall.E, chart from Tradingview.com
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