The crypto analyst Dark Defender shared a detailed technical analysis, suggesting that XRP may be preparing for a new significant rise, reminiscent of the market conditions before the explosive rally in 2017. According to him, the monthly chart of XRP currently shows strong similarities to its historical impulse waves.

In its analysis, Dark Defender notes that XRP has once again closed above the previous candles, is holding above the Ichimoku cloud, and is demonstrating high momentum according to the RSI indicator – all signs of a continuing upward trend.
The analyzer compares the current situation with the correction phase from 2021, when XRP failed to break above key resistance levels, remained below the Ichimoku clouds, and saw a break below the exponential moving average (EMA). At that time, the structure was weak and non-impulsive, further aggravated by the legal dispute with the SEC.
Now, following the breakout from the long consolidation at the end of 2024 and the formation of what Defender refers to as a "new momentum structure," the analyst believes that the asset may repeat its trajectory from 2017. The current RSI pattern shows high momentum, similar to that before the previous historical rise.
Defender emphasizes that the candles and moving averages of XRP remain in a clear upward arrangement, suggesting restored strength and structural resilience of the trend. "We are entering a new era," he writes, adding that the future of Ripple and XRP looks promising with the accelerating adoption of blockchain technologies.