XRP Shows Déjà Vu of 2024’s 500% Rally Pattern, Could It Reach $11 This Time?

▲ XRP

XRP is heightening expectations for a powerful rally ahead as it replicates the technical indicators that led to a nearly 500% surge at the end of 2024.

According to crypto media outlet The Crypto Basic on February 11 (local time), XRP’s recent market structure closely resembles the pattern seen just before the massive price spike in the second half of 2024. At that time, XRP was trading around $0.43 before soaring to $3.66 in July 2025, fueled by expectations surrounding the U.S. presidential election and regulatory easing. Analysts note that the current price correction and consolidation phase is forming a pattern similar to the accumulation stage observed back then.

From a technical analysis perspective, XRP is viewed as having ended its multi-year downtrend on higher time frames and is poised to enter a powerful third wave of growth. Some analysts, citing the Elliott Wave Theory, project that if XRP successfully breaks out of its current structure, it could surge to the $11 to $13 range, aligning with the 1.618 Fibonacci extension level. In particular, the fact that XRP has remained below its 50-week moving average for approximately 66 days—similar to the period preceding the 2024 rally—adds technical credibility to this outlook.

Regulatory clarity and inflows from institutional investors are also cited as positive factors. The U.S. crypto market structure bill under discussion in the Senate is expected to fully resolve the legal uncertainties XRP has faced for years and provide a regulatory framework for financial institutions to integrate digital assets into payment and custody systems. In fact, the XRP spot ETF launched in late 2025 has recorded net inflows of approximately $1.3 billion to date, demonstrating strong institutional buying. Alongside Bitcoin (BTC) spot ETFs, these products are becoming key pillars of market liquidity.

Goldman Sachs’ reported inclusion of $152 million worth of XRP in its portfolio has further strengthened market confidence. Unlike previous speculative rallies driven primarily by retail investors, this suggests that substantial institutional capital is reinforcing downside support. However, Bitcoin price volatility and shifts in macroeconomic indicators remain variables, and successfully defending and stabilizing above the psychological support level of $2 is expected to be a crucial threshold determining the success of the next rally.

The digital asset market has entered an era in which price direction is determined not only by technical maturity but also by the pace of integration with traditional finance. XRP has already established networks with numerous banks through XRP Ledger technology and continues efforts to secure leadership in the real-world asset tokenization market. Investors are advised to adopt a long-term asset allocation strategy by comprehensively considering whale accumulation price levels and progress in regulatory legislation, rather than reacting sensitively to short-term price fluctuations.

Disclaimer: This article is provided for investment reference only, and no responsibility is assumed for any losses resulting from investment decisions based on this information. The content should be interpreted solely for informational purposes.

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