Analyst Says XRP Is Now Where Ethereum Was in 2017 Before a 20x Explosion

Analyst Paul GoldEagle has drawn striking parallels between XRP current chart and Ethereum’s pre-breakout phase years ago that led to a 20x surge.

A side-by-side comparison shows that XRP’s weekly chart is forming a pattern almost identical to Ethereum’s consolidation phase before it surged from around $20 to nearly $1,400. GoldEagle’s chart highlights XRP’s range between $2 and $3 as the accumulation zone that could precede a major price explosion if a breakout follows.

Ethereum’s 2017 Pattern as a Roadmap

During the 2016–2018 period, Ethereum spent months trading sideways after losing momentum from an earlier bull run. This extended consolidation phase ended with ETH finally breaking through resistance and entering a new parabolic uptrend.

According to GoldEagle, XRP’s current technical structure mirrors that setup almost perfectly. It has been consolidating since it reached the $3.40 range back in January. The parabolic rally that led XRP to that point started at around $0.50, marking a roughly 600% increase—after which the coin took a breather.

Since then, XRP has remained in a ranging pattern, briefly climbing to $3.66 in July before falling back into consolidation. Now, many believe XRP is primed for the next phase of an explosive uptrend.

GoldEagle’s XRP and Ethereum charts side by side

XRP Potential Price Target

If the analogy holds, XRP could be preparing for a multi-fold rally that mirrors Ethereum’s trajectory during its early bull market phase. The coin is currently trading at $3. A 20X surge from here would send the price to $60.

While both are distinct assets, the idea of XRP following Ethereum’s chart pattern remains debatable. However, even an independent look at XRP’s historical chart reveals similar signs, as numerous analysts have pointed out in recent weeks.

Many now consider the $10 price range to be the likely next rest point for XRP.

Other Analysts Forecast XRP Peak Price Based on ETH’s Performance

Some analysts have also used Ethereum’s potential price action in this cycle to forecast XRP’s outlook.

For example, analyst EGRAG predicts Ethereum could reach $33,000. Based on historical breakout patterns and overshoots ranging from 145% to 181%, he believes Ethereum’s next rally could far exceed its $12,000 breakout target.

In this context, EGRAG also predicts XRP could soar to $33, a 1,000% increase from its current price near $3 if Ethereum hits the $33,000 level.

Another analyst, CryptoInsightUK, has also suggested that XRP could reach $50 if Ethereum climbs to $62,000, as Tom Lee has widely predicted for ETH.

Ultimately, with technical patterns and sentiment aligning, excitement is growing in the XRP community. If XRP establishes $3 as a strong support and breaks above it, analysts like GoldEagle believe it could follow a trajectory similar to Ethereum’s historic 2017 rally for a 20x gain in the coming years.