According to recent chart work and on-chain checks, some XRP backers say the token may be gearing up for another big move. Analysts who track past cycles point to patterns that played out in 2017 and 2018 and say similar moves could follow now.
After that first surge, the token cooled and traded sideways for around six months before shooting to $3.31 in January 2018.
According to reports, XRP’s latest major break came in November 2024 when price moved from about $0.50 and ran to $3.40 by January 2025. After that push, the token consolidated for roughly six months, which some call a re-accumulation phase.
The mega cycle is coiled like a spring.
EtherNasyonal and other community analysts say XRP has cleared that setup and is poised for the next upward wave. They point to a current 1-month RSI near 68 as a sign of cooling before another possible spike above 90.
538,586 wallets on XRPL have exactly 20 XRP
20 XRP was the minimum reserve from 2013 to 2021.
That’s 10.7 million XRP sitting in these wallets.
Meanwhile, data from XPMarket’s co-founder Dr. Artur Kirjakulov shows that up to 538,586 XRPL wallets hold 20 XRP each. At a price around $3.1, that 20 XRP equals about $62 per wallet.
Those numbers account for about 7.64% of all XRPL wallets, with the ledger now reporting 7,048,872 total addresses. Reports say nearly 11 million XRP appear to sit idle across many of these wallets. That figure is often cited to make the case for constrained supply if more coins stop circulating.
Featured image from Meta, chart from TradingView
