Key takeaways:
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XRP nears record quarterly close, echoing a 2017 setup that preceded a 37,800% rally.
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On-chain signals remain supportive, with MVRV Z-Score and mid-sized holders showing no signs of capitulation.
XRP (XRP) is inching toward hitting its highest quarterly closing price, which paves the way for a broader uptrend toward $15, according to analyst Milkybull Crypto.
XRP mirrors 37,800% rally setup from 2017
As of Monday—just a day before the third quarter wraps up—XRP was trading near $2.86, marking a 28% gain over the three months.
XRP will continue to trend higher in the coming weeks or months if it remains at or above the current level until the quarter officially closes, according to MilkybullCrypto.
His bullish outlook stems from a similar record close in 2017, which preceded a 37,800% rally in the XRP price.
Back then, XRP ended Q4 2017 at a fresh quarterly close above $0.02, breaking through a multi-year resistance area. The move quickly snowballed into a parabolic rally, carrying the token to its all-time peak of nearly $3.31 within a year.
XRP is exhibiting an almost identical setup in 2025: a quarterly candle flipping green after years of consolidation, accompanied by a decisive breakout above a long-standing resistance zone (the red bar), which aligns with the $2.20–$2.30 area.
“Already broken above the resistance as it similarly did in 2017,” MilkibullCrypto wrote, suggesting that history may rhyme with an eventual push toward the $5–$15 range.
The upside target aligns with technical setups highlighted by several analysts in the past, reinforcing projections of an XRP rally toward $15.
That includes a 2017-like symmetrical triangle breakout scenario, as shown below.
Another technical setup, a bull flag pattern, projects XRP to approach or hit $15.
XRP rally not overheated yet, onchain data shows
XRP’s onchain metrics are also leaning bullish.
That includes XRP’s MVRV Z-Score, a gauge of how far market value sits above holders’ aggregate cost basis. The score remains well below the “overheated” band that coincided with prior blow-off tops.
A mid-cycle Z-Score signals there’s still room for upside toward $3–$5, while keeping the long-shot $10–$15 target in play.
XRP wallets holding between 10 and 100,000 tokens have remained steady through the latest market correction, showing no signs of capitulation.
What could change the bullish outlook?
Some XRP indicators are simultaneously indicating correction risks, primarily as it trades 470% above its November 2024 low of around $0.50.
From a technical perspective, XRP is ranging inside what appears to be a broadening wedge pattern, having just retreated after testing the upper trendline as resistance.
Such corrections have led the price toward the lower trendline, which currently sits around $1.60, just between the 100-week (purple) and 200-week (blue) exponential moving averages (EMA).
XRP is further showing substantial divergence between its rising prices and declining relative strength index (RSI), which technically indicates slowing upside momentum similar to what markets witnessed before the 2018 bear market.
In a scenario similar to 2018, XRP can dip toward its 200-week EMA, near $1.27, down approximately 55% from current prices.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
