XRP is trading beneath a multi-year resistance zone in a structure that analyst ChartNerd says looks similar to the setup seen before the token’s 2017 surge. In his view, the market may now be building another Base 3 formation, a phase that could shape XRP’s next major move.
Chart comparison focuses on two long accumulation cycles
In a chart posted on X, ChartNerd placed two XRP market cycles side by side and pointed to what he described as closely matching behavior. Both structures stretched across several years and featured three major consolidation areas labeled Base 1, Base 2, and Base 3.
The comparison showed each accumulation phase developing along a rising support trendline while price repeatedly failed to clear a horizontal resistance barrier. According to the analyst, XRP completed a similar Base 3 formation shortly before its explosive rally in 2017. That is why he thinks the current market may still need one more period of sideways trading before any larger breakout attempt begins.
The multi-year resistance line remains the main level to watch
A red horizontal line on the chart marked the resistance area that ChartNerd treated as the key barrier. During the earlier cycle, XRP spent years below that level before finally breaking through and accelerating higher. The current setup shows the token returning to a similar zone after a long stretch of market weakness.
The chart also marked a blue-circled area as the possible modern Base 3 region. Under that projection, XRP could remain range-bound for a while longer and then try another move above the long-term resistance. Some traders on social media responded positively to the analysis and said the two cycles shared notable similarities.
Analysts say today’s backdrop is different from the last rally
The comparison came with a clear warning. Analysts said historical patterns do not guarantee the same outcome, and the market environment around XRP has changed sharply since the previous rally cycle. The source pointed to institutional participation, regulatory developments, and broader economic conditions as factors that now carry more weight in crypto pricing.
For now, traders are watching whether XRP can hold support near the highlighted Base 3 area and keep building momentum below resistance. Analysts also said the bullish structure would need confirmation through sustained trading above the multi-year resistance barrier. Until that happens, the “same structure, different cycles” thesis remains an observation about market form rather than proof of a completed breakout.