XRP is echoing a familiar pattern from 2017, as its price chart displays an ascending triangle structure similar to the one that preceded a historic breakout. Fibonacci extensions suggest potential targets at $10.49 and $27.92. While short-term market corrections are observed at around $2.48, XRP’s long-term performance paints a bullish picture, with strong annual growth and optimistic trader sentiment. 367% year-over-year gains in the broader cryptocurrency market highlight this positive trend. This bullish momentum is further fueled by technical analysis indicating a possible repeat of historical fractal patterns, suggesting new potential price levels if market behavior aligns with past cycles. Technical observers are closely watching for any signs of a breakout phase, based on the similar structure observed in 2017 that led to XRP’s then-explosive rally. The Fibonacci numbers applied in the analysis put new targets significantly higher, at $10.49 and $27.92. While short-term market conditions show a cooling effect, long-term trends remain confident. Market positioning data indicates sustained confidence from traders, as seen by high Long/Short ratios on major exchanges such as Binance and OKX. This reflects their belief in the asset’s potential for future growth despite recent corrections.