After a massive $19.6 billion liquidation wave, analysts are revisiting historical price patterns of XRP to understand if the latest decline follows a similar trajectory as past recoveries. The events of recent weeks have fueled renewed interest in the asset’s long-term structure and how it might respond to this bearish pressure. 2025’s event draws parallels with the sharp drop in 2017, when XRP witnessed similar losses that ultimately triggered a breakout with remarkable gains. Cryptowzrd suggests current conditions point towards a repeat of past trends, citing instances of cascading price drops followed by sustained rallies. The recent market crash, which wiped out $19.6 billion in positions, is reminiscent of previous liquidations tied to the COVID crash and FTX collapse. 2017’s pattern offers an intriguing guide for XRP, as it shows a similar drop before a significant upward surge. Analysts are closely monitoring support levels near $2.00-$2.40, while resistance remains at around $3.20-$3.50. The current situation mirrors previous downturns with support and potential for continuation. 2017 saw XRP consolidate between $0.005 and $0.008 before surging sharply, followed by a second phase where price compressed within a symmetrical triangle between $0.20 and $1.50. Cryptowzrd notes that this historical structure could potentially repeat itself in the current market. 3-month historical data shows a descending consolidation resembling a flag or pennant that suggests continuation if previous fractal behavior repeats. While a break above resistance between $3.20 and $3.50 could trigger further price growth, crossing below support zone of $2.00 could signal a deeper correction towards $1.50. Past analysis reveals extreme drops in XRP’s value. In December 2017, the asset suffered a 99% decline. The SEC lawsuit in 2021 further impacted the asset with a 77% drop. This most recent event has witnessed a 78% decline. Egrag Crypto highlights that each crash preceded a new phase of price action, emphasizing that these events often prompt holders to make decisions either to exit or wait for potential recovery phases. While his analysis offered no definitive predictions, his remarks on historical behavior suggest that large liquidation spikes often signal a shift in market trends. 2017 and 2021 offer valuable insights into how XRP’s price fluctuations work and could serve as a guide for investors going forward.