A prominent analyst has identified a bullish engulfing pattern on XRP’s yearly chart, suggesting the possibility of a substantial price rally in 2025. This recurring pattern, which has historically preceded significant price increases for XRP, may be signaling an imminent surge despite recent consolidation around $2. The analysis comes as XRP grapples with downward pressure after hitting a peak of $2.65 on May 12 and subsequently falling to the lower $2 range. EGRAG Crypto, the analyst’s firm, has focused on the recurring pattern seen in over two consecutive yearly candles since 2017. 2017 was notably significant for XRP as it witnessed a 33,066% gain following a bullish engulfing pattern formation. This year’s potential price surge is being monitored closely due to the current consolidation and the analyst’s focus on this specific pattern as a reliable technical indicator for price movement.