XRP Chart Is Now Forming a Historical Fractal That Mirrors Its 2017 Bull Run

• An analysis shows XRP’s long-term chart is forming a fractal that mirrors its 2017 rally.
• The pattern is a multi-year “W” formation, suggesting a major accumulation phase is underway.
• The price is currently holding key support levels that were also present before the last bull run.

XRP’s recent price action is stirring bullish hopes among traders, as a veteran crypto analyst has identified a historical price pattern, or “fractal,” that mirrors the setup preceding XRP’s massive 2017 bull run. The analysis suggests that despite a slow recovery, XRP may be in a long-term accumulation phase, coiling for a significant future rally.

The analysis comes from veteran trader Pepa, who is known for his early calls in previous XRP cycles. Currently trading near $2.24, XRP has been consolidating, but the underlying macro chart structure is now the focal point for long-term bulls.

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