Does History Repeat? XRP Flashes Signal Last Seen Before Exploding 60,000% Rally
XRP is on track to close its fifth consecutive month in the negative, a rare streak of sustained losses not seen since late 2016. Despite holding around $1.30, the token fell by almost 30% in February alone, according to CoinGecko’s data, which spans five months. a decrease of about 50%.
XRP Illuminates Previous Bull Run Pattern
The last time XRP recorded five straight monthly red candles was between October 2016 and February 2017. During that time, the price fell from $0.00885 to $0.00557, a 37% drop, before finding a low near $0.0055 in March 2017. By May 2017 it had reached $8. 7,000% in just two months.
After rallying in the summer, the token rose again, finally reaching $3.31 in January 2018. From the March 2017 low, that represented an increase of 60,000%.
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As XRP is now following a similar path, market analyst Sam Daodu explored the new comparison report released on Monday.
Daodu noted that the current setup “rhymes” with the structure of 2016-2017: five consecutive months of decline, strengthening price action, and signs that selling pressure may be wearing off. However, he cautioned that the market environment has changed significantly since XRP was “a micro-cap token.
In 2017, the total market capitalization of XRP was less than $300 million. Daodu pointed out that at that rate, even a few hundred million dollars in new money could raise the price by thousands of points.
Today, XRP has market capitalization about 88 billion. According to the analyst, this scale makes a 60,000% increase impossible under any realistic market conditions.
The 250% Rally is still in play
A comparable rally would mean a move to $852 per token. With around 58 billion XRP in circulation, that would translate to a market capitalization of over 49 trillion – more than the combined value of everything. shares listed on the New York Stock Exchange.
However, Daodu argues that while a repeat of the 2017 explosion is off the table, a meaningful recovery remains within reach if the bearish pattern holds.
A return to XRP’s July 2025 high of $3.65 would represent a gain of about 157% from current levels. A move to $5 – near the high end of analyst forecasts for 2026 – would reach 252%.
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Even more successive projections raise the room to look up. Standard Chartered recently lowered its target for XRP by 65%, citing near-term headwinds, but its revised forecast of $2.80 would still mean an upside of around 97% from current trading prices.
The main difference in this cycle, according to Daodu, is in the source of demand. The explosive rally of 2017 was largely driven by retail speculation.
Conversely, any significant gains at this time would depend on institutional flows, including potential trade fund (ETF) entry, broad institutional adoption, and recovery across the broader crypto market.
While another run of 60,000% is not unreasonable, Daodu believes that a 150% to 250% improvement can be achieved if momentum changes and money returns to the sector.
Featured image from OpenArt, chart from TradingView.com
