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Highlights
- Analyst suggests XRP may replicate its 2017 rally, triggering massive gains.
- Take-profit targets set at $4-$5, $7-$8.50, and $25-$35 based on fractal validation.
- Divergence from 2017 pattern prompts a shift in strategy, focusing on more conservative actions.
In December 2024, analyst Bassii highlighted striking similarities between XRP’s current market structure and the fractal pattern observed during the 2017 bull run. The 2017 rally saw XRP skyrocket by nearly 60,000%, reaching an all-time high of $3.31 in January 2018. In recent months, XRP has shown a similar upward trajectory, beginning with a 283% increase, mirroring the early stages of its 2017 surge.
Fractal Theory Sparks Speculation on XRP’s Future Performance
The market's recent behavior has fueled speculation that XRP could repeat the performance it saw in 2017. However, while the potential for a major rally exists, analysts like Bassii remain cautious, urging traders to wait for confirmation before acting on the fractal theory.
Targets Based on 2017 Pattern
Bassii’s strategy for handling XRP if the fractal theory holds involves a series of specific targets. If XRP follows the 2017 pattern, Bassii plans to take profits in increments:
- $4-$5 Rang 15% of XRP holdings to lock in some profits while waiting for further market confirmation.
- $7-$8.50 Range 80-85% of holdings if the fractal pattern continues to play out.
- $25-$35 Range 90-95% of holdings, starting to scale out around $20.
Bassii anticipates a 30-40% correction after reaching these higher targets. Should this correction happen, he plans to re-enter the market by purchasing back 50-60% of the previously sold holdings.
Revised Strategy for Deviation from the Fractal Pattern
If XRP deviates from the 2017 fractal pattern, Bassii will adjust his approach. The plan includes 15% of his holdings at the $4-$5 range, but the subsequent targets shift. If the market does not follow the fractal pattern, the next exit point moves to a higher range of $8-$10, with 85% of holdings sold.
In this case, Bassii does not anticipate re-entering the market. A deviation from the fractal would prompt a more conservative approach, focusing on managing risks rather than pursuing aggressive gains.
Criteria for Fractal Validation
For Bassii’s strategy to be validated, he looks for specific signs in the market. A critical signal is the formation of large bullish weekly candles, indicating strong upward momentum. Additionally, a new all-time high for XRP within 2-3 weeks would reinforce the fractal theory. If XRP fails to meet these criteria—especially if the price struggles to break the $5 mark by the end of the fourth week—Bassii would consider the fractal theory invalidated.
Currently, XRP is priced at $2.29, meaning it needs to rise by 108% to reach the $5 threshold, which remains a key target for fractal validation.
Bassii’s detailed strategy offers a clear framework for navigating XRP’s potential rally, drawing on the lessons of 2017. While the fractal theory presents an exciting opportunity for significant price movements, the plan remains flexible, adjusting based on whether XRP adheres to or deviates from the historical pattern. As the market progresses, traders will be watching closely to see whether XRP can validate these predictions or if a more conservative strategy will be needed.
