Analyst: XRP Is Repeating a Pattern I’ve Only Seen Once Before

In a recent post on X, Crypto analyst STEPHISCRYPTO spoke on XRP’s current market structure, arguing that the asset is repeating a pattern he has only observed once before in its history.

According to his analysis, the present price behavior closely resembles the structure that formed in 2017 shortly before a sharp and unexpected market expansion. While he stopped short of suggesting that history will repeat exactly, he emphasized that several technical and macro indicators deserve careful consideration by market participants.

The analyst focused on XRP’s daily timeframe, particularly price action following the October 10, 2025, liquidation event, when approximately $19 billion in crypto positions were wiped out across the market.

He described this as the largest liquidation event recorded. In the aftermath, XRP and several other altcoins rebounded rapidly, with XRP posting a recovery exceeding 100%. More importantly, he noted that price action since then appears to be forming a higher low, alongside a potential double-bottom structure.

#XRP Is Repeating a Pattern I’ve Only Seen Once Before pic.twitter.com/eje53Q1OJa

— STEPH IS CRYPTO (@Steph_iscrypto) December 15, 2025

Comparison With the 2017 Market Cycle

STEPHISCRYPTO explained that a similar sequence occurred in 2017, beginning with a large liquidation wick, followed by a prolonged consolidation phase that tested investor confidence.

During that period, XRP eventually established a double bottom before entering a rapid upward expansion. He stressed that the current environment feels similarly uncertain, with persistent downside pressure and mixed market signals. Yet the structure itself remains technically constructive as long as the higher low holds.

He cautioned, however, that macroeconomic risks cannot be ignored. A central concern raised was the Bank of Japan’s expected interest rate decision scheduled for December 19.

The analyst stated that since 2024, each rate hike by the Bank of Japan has coincided with notable downside pressure across crypto markets, including XRP. This upcoming hike, expected to raise rates by 25 basis points to 0.75 percent, would be the first in nearly a year and is widely anticipated by the market.

Conflicting Signals From Indicators and On-Chain Data

Despite these risks, the analyst highlighted that this cycle differs from previous ones, as the broader crypto market has already experienced a significant pullback ahead of the anticipated rate decision. He also referenced historically low retail participation, noting that current interest levels are at yearly lows, contrasting sharply with the heightened activity seen one year earlier.

On the technical side, he addressed a bearish signal from a long-term EMA ribbon indicator on the three-day chart. Historically, such signals have preceded multi-month drawdowns ranging from moderate to severe, although he acknowledged a recent exception in 2024 when losses were limited before a strong recovery. This, he suggested, introduces uncertainty rather than a definitive outlook.

Balancing these concerns, the analyst suggested whale accumulation. He also observed liquidity concentrations above the current price, indicating areas the market may eventually test. Taken together, STEPHISCRYPTO concluded that XRP remains in a fragile but potentially constructive phase, where both downside risks and longer-term upside scenarios must be weighed carefully.