XRP Price Soars, Is a 2017-Style Rally Incoming with SEC Changes and Spot ETF Hopes?

SAM McRay
ripple-xrp

XRP has been on a tear following two seismic events that have shaken the cryptocurrency market. The Ripple-linked token began its ascent after Donald Trump’s election win last month but truly skyrocketed after SEC Chair Gary Gensler announced his resignation, effective January 20, 2025. This dual catalyst has reignited market optimism, propelling XRP to reclaim its early 2018 highs amid speculation of regulatory clarity and potential U.S.-listed spot XRP ETFs.

A Bullish Analyst’s Perspective

Renowned crypto analyst, CryptoWZRD, has compared XRP’s current price action to its historic 2017 parabolic rally. Sharing insights on X (formerly Twitter), the analyst highlighted XRP’s long-term symmetrical triangle pattern, where resistance levels transform into strong support zones—a structure similar to its pre-2017 breakout.

CryptoWZRD pointed to XRP’s explosive 2017 rally, which saw the asset surge over 280% in March before experiencing a brief 40% correction in April. By May, XRP recovered and skyrocketed to its all-time high of $3.40 in January 2018. “I’m sorry if you think it’s over, it’s barely begun. A 2017-style big boom is coming for $XRP,” he asserted, fueling expectations for another meteoric rise.

Regulatory Shifts Bolster Market Sentiment

The potential for a more favorable regulatory environment under a Trump administration has emboldened XRP investors. Ripple’s ongoing legal battle with the SEC over alleged securities violations has cast a shadow over XRP’s U.S. prospects for years. However, Gensler’s impending departure has sparked hope that the case’s resolution could pave the way for XRP’s inclusion in spot ETFs—a move that would significantly enhance liquidity and adoption.

Adding to the optimism, Ripple’s forthcoming RLUSD stablecoin launch is expected to provide the firm with a robust, less volatile tool to expand its remittance and settlement services. This development could create additional demand for XRP within Ripple’s ecosystem.

Also Read: XRP Surges with $145M Institutional Inflows as ETF Hopes Grow and Price Predictions Hit $5

XRP Poised for Historic Gains?

Despite trading 28.2% below its 2018 peak, XRP is closer to its all-time high than it has been in nearly seven years. With bullish technical setups and a wave of positive market developments, many believe the token is on the cusp of another explosive rally reminiscent of 2017. Time will tell if history is about to repeat itself.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

About The Author

SAM McRay

See author's posts

Related Posts