The cryptocurrency market is known for its volatility, and XRP is no exception. While some analysts are drawing comparisons between the current price structure of XRP and its 2017 bull run, others are warning that the conditions in 2025 are very different. In this article, we will examine the key takeaways from the current market trends and analyze whether the 2017 bull run can be repeated.
Key Takeaways
In contrast to 2017, long-term XRP owners have already questioned euphoria. The XRP/BTC couple remains 90% under its peak in 2017 and is in a distribution zone. Several XRP analysts refer to old bullish diagrams to predict new price booms, with several commentators, including Cryptowzrd and JD, arguing that the current price structure of XRP reflects its bull run in 2017.
Source: Cryptowzrd
At that time, XRP spent months consolidating itself in a huge symmetrical triangle before breaking out, testing the support briefly, and then accelerating by over 11,900% in less than a year. According to chartists, today’s consolidation phase shows the same pattern, and they expect XRP to achieve a cycle target of $20.
Long-term XRP Owners Doubt Higher Prices
One way to test whether the 2025 rally of XRP is really reflected in the 2017 bull run is to consider the unrealized profit/loss (NUP/L) for long-term owners. When XRP broke out of its huge triangle in 2017 and its monster rally began, the long-term holder NUP/L went directly into the Euphoria Greed zone (blue).
XRP long-term holder NUP/L. Source: Glasnode
This means that owners were sitting with large profits and were still confident enough to drive the rally higher. However, the situation looks different in 2025. Although XRP has gathered strongly, the NUP/L data show that long-term owners have already changed from euphoria to faith.
XRP long-term holder NUP/L. Source: Glasnode
This phase indicates that investors question whether the rally can take, a sign of hesitation and not conviction. Instead, their mood looks more like in 2021, as an excitement made no doubt, shortly before the market cooled down.
XRP Price Remains Weak Towards Bitcoin
In 2017, the increase in XRP in the US dollar also accompanied sharp profits against Bitcoin (BTC). At that time, the XRP/BTC couple rose by more than 3,700% to over 0.00023 BTC within one year. However, the structure varies in 2025.
XRP/USD two-week price chart. Source: Tradingview
XRP/BTC recovered to around 0.000025 BTC from mid-2024 in September 2024. Nevertheless, the couple remains about 90% below its peak in 2017. A long-term distribution zone at 0.000025–0.000030 BTC is further tested, where rallies were standing at a standstill between 2019 and 2022.
The ICO-controlled increase in 2017 also had fewer competitors, with XRP being one of the oldest cryptocurrencies. Today, it fights with competitors such as Ether (ETH), Solana (SOL), and Sui (SUI), as well as growing stable coins in the cross-border settlement area.
In other words, it will be much more difficult for XRP bulls to make five-digit percentage profits such as 2017 this time. For more information, you can visit https://cointelegraph.com/news/betting-on-xrp-2017-bull-run-extremely-risky-in-2025?utm_source=rss_feed&utm_medium=rss_category_market-analysis&utm_campaign=rss_partner_inbound
