XRP price dropped below $2 on January 19 amid a market-wide crash, but analysts remain bullish that it could rebound, as it mimics a 2017 bullish pattern that sparked notable gains. Data from Binance also shows that traders continue to maintain their long positions on the altcoin as whales increase their XRP holdings.
XRP Repeats 2017 Pattern as Analysts Eye Gains
One analyst on X has stated that XRP is forming the same pattern that it did in 2017 before a massive leg up. During the year, XRP surged by more than 7,000% after months of consolidation. This rally saw the price move from $0.005 to nearly $0.45.
The analyst noted that the same trend is repeating, as the price consolidated below $3 for several months in 2025. If the altcoin breaks out of this consolidation range, the next bullish leg could take it to a fresh high.
(XRP Price Chart – Source: X)Meanwhile, analyst CRYTOWZRD also noted that after one year of the XRP/BTC ratio trading within a tight range, XRP is ready to go “parabolic.”
“The lesson of this cycle when it comes to XRP is that patience pays. $XRP has been trading within a wedge for a year, a breakout will coincide with $BTC Dominance rolling over,” he opined.
Amid these bullish projections, futures traders and whales are increasing their exposure to XRP, suggesting a shift in the market sentiment.
Binance Traders Increase Bullish Bets Amid Whale Buying
Data from Coinglass reveals that the majority of futures traders who are betting on how XRP will perform in the coming days are opening long positions. In fact, 75% of futures traders are long on XRP, while only 24% are short sellers.
(XRP Binance long/short ratio – Source: Coinglass)However, despite this long positioning, bearish trends across the broader market are affecting these long traders, as XRP recorded the fourth-highest liquidations in the last 24 hours, behind Bitcoin, Ethereum, and Solana. More than $39 million long positions were wiped out, increasing the sell-side pressure that pushed the price below $2.
Nevertheless, whales could cushion the price against further drops amid ongoing buying. Recently, ZyCrypto reported that whales bought more than 50 million XRP in one week. If this buying spree continues and creates a supply shock, the price could be ripe for recovery.
At press time, XRP traded at $1.9, up 0.42% over the past 24 hours.
Source: https://zycrypto.com/xrp-mirrors-2017-bull-pattern-as-75-of-binance-traders-go-long-amid-aggressive-whale-buying/
