XRP Hits Record Highs, Echoes 2017 Surge Amid Technical Breakout
XRP soared to a new all-time high above $3.50 early Friday, extending a powerful uptrend that began in November. The rally comes after a multi-year breakout from a long-standing symmetrical triangle pattern — a formation that previously launched XRP’s legendary 2017 bull run.
That historical move saw XRP rocket from just $0.00056 to $3.30 in less than a year. Fast forward to 2025, and the price structure looks strikingly similar: a multi-year consolidation, a clean breakout, and a sharp vertical move — now up over 580% since early November.
“This isn’t a repeat of 2017, but the setup is eerily familiar,” said one analyst. “If the rhyme continues, more upside could be on the table.”
Technical Check: Cooling Signs Emerge
While the macro structure remains bullish, volatility bands are flashing caution. XRP’s Bollinger Bands have widened to levels not seen since December, typically a precursor to sideways consolidation or profit-taking.
Shorter-term momentum indicators, including the MACD histogram and RSI, are turning lower — suggesting the recent move may be due for a breather.
📉 Outlook: A broad range between $2.90 and $3.50 could define the next phase before a fresh leg higher materializes.
- Resistance: $3.50 (ATH)
- Support: $3.40, $3.00, $2.90
Bitcoin Pulls Back After $120K Failures
Bitcoin remains locked below $120,000 after three failed attempts to hold above the key psychological barrier this week. Daily charts show upper wick rejections, signaling bullish fatigue, while the 14-day RSI is retreating from overbought conditions.
Analysts expect a revisit of prior highs around $111,965 to reinforce support before BTC reattempts another move higher.
🧠 AI Insight: BTC may need to reset below $120K before recharging for its next breakout.
- Resistance: $123,181, $130,000, $140,000
- Support: $117,500, $115,740, $111,965
Ether Set to Outperform as Golden Cross Nears
Despite a short-term RSI divergence on the hourly chart, Ether (ETH) is setting up for a strong continuation. A bullish golden cross between the 50- and 200-day moving averages in the ETH/BTC ratio suggests Ethereum could outperform Bitcoin in the coming weeks.
Price structure remains firm with north-trending averages, signaling that any dip is likely to be shallow.
🚀 AI Insight: ETH’s structure supports upside continuation toward the $4,000 mark.
- Resistance: $4,000, $4,100, $4,300
- Support: $3,420, $3,083, $3,000
Solana Eyes Breakout, But Watch the Cloud
Solana (SOL) is testing major resistance at $185–$187, the same range it struggled with in May. However, with the Guppy momentum indicator flashing green and prices holding above the Ichimoku Cloud, the path higher remains open — for now.
One red flag: if SOL dips below the Ichimoku Cloud on hourly charts, the pullback risk increases sharply.
🌐 AI Insight: A run to $200 looks possible, but traders should watch for breakdowns below trend-defining clouds.
- Resistance: $187, $200, $218
- Support: $168, $157, $145
