XRP is once again in the spotlight as analysts predict a massive price breakout that could take the token to $14, a 530% surge from its current range. If history repeats itself, as some experts believe, XRP could be on the brink of a move similar to its historic 2017 rally.

With bullish patterns forming and key technical levels in focus, traders and investors are closely watching XRP’s next move.

Bull Pennant Hints at Explosive Upside

XRP has been consolidating between $2.05 and $2.40 over the past month. According to analysts, this range is forming a bull pennant, a bullish technical pattern that typically precedes a significant upward breakout.

In simple terms, a bull pennant forms after a strong price surge (called the flagpole), followed by a brief period of consolidation inside a triangle shape (the pennant). Once the price breaks out of the triangle’s resistance, the next leg up often mirrors the size of the initial surge.

Crypto analyst Mikybull Crypto points out that XRP’s weekly chart mirrors the 2017 setup when a similar pennant breakout led to a 1,300% price increase, pushing XRP to its all-time high of $3.40.

He believes that if the current pattern plays out in the same way, XRP could surge as high as $14, marking a 530% increase from the current level. “I’ve seen this movie before,” Mikybull wrote on X (formerly Twitter), referencing the similarity in XRP’s structure between now and 2017.

Technical Resistance Levels to Watch

For this bullish breakout to happen, XRP must overcome several technical hurdles.

First, bulls are targeting a break above the 50-day Simple Moving Average (SMA) at $2.27, which is acting as immediate resistance. However, the more critical zone lies between $2.37 and $2.65, the range between the 200-day SMA and a key horizontal resistance level.

Turning this zone into solid support would confirm the bullish breakout and set XRP up for a retest of the $3.00 psychological barrier. From there, further gains could take the token past its seven-year high of $3.31, last seen in January 2018.

Analysts believe that a close above $2.65 could trigger a sustained uptrend and bring double-digit XRP back into play.

RSI Recovery Adds Momentum

XRP’s technical indicators are also improving. The Relative Strength Index (RSI), a momentum oscillator has risen from oversold levels of 29 to 52, signalling growing buying pressure.

This momentum shift began around April 10, when XRP started a broader recovery phase. An RSI above 50 usually indicates that bulls are gaining strength, and if it continues climbing, it could push XRP through resistance zones more easily.

With the RSI moving in a positive direction, the current consolidation may simply be the calm before a major breakout.

Could an XRP ETF Supercharge the Rally?

Beyond technical patterns, some analysts believe XRP has even more explosive potential if fundamental catalysts come into play. One of the most discussed possibilities is the approval of a spot XRP ETF in the United States.

Analysts suggest that such an event could spark a rally of up to 1,100%, pushing XRP to as high as $25. Other predictions, based on chart fractals, Elliott Wave theory, and Fibonacci extensions, also point to ambitious targets of $14 to $27.

For now, the focus remains on whether XRP can break out of its current bull pennant and reclaim critical resistance levels. If it does, the journey to double digits could begin much sooner than many expect.

A Familiar Pattern with Huge Potential

XRP is once again showing signs of repeating its legendary 2017 breakout. With bullish chart patterns forming, improving technical momentum, and growing optimism among analysts, XRP holders are hoping for history to repeat itself.

But for this to happen, XRP must break through the key resistance zone between $2.37 and $2.65. If it succeeds, analysts say a 530% surge to $14 could be on the horizon and possibly even more if a spot ETF enters the mix.

As always, crypto markets remain highly volatile, and investors should tread carefully. Still, one thing is clear: XRP is building pressure, and the next breakout could be massive.