XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut

The broader crypto market has started showing renewed optimism, with growing attention on XRP price and the unfolding XRP price prediction cycle. A market analyst has highlighted strong similarities between XRP’s current chart and its 2017 two-wave breakout pattern. This view points toward a possible continuation setup that could push XRP beyond $10 if confirmed. Meanwhile, Ripple-backed Evernorth has reportedly acquired $1B in XRP ahead of its Nasdaq debut, strengthening institutional confidence in Ripple’s ecosystem.

XRP Price Chart Rebirth: Is the Path to $10 Now Unfolding?

The analyst compares the XRP price structure to its 2017 breakout cycle, noting striking similarities in both pattern and behavior. In his view, the chart shows a completed first wave followed by a re-accumulation stage, where buyers are gradually overpowering short-term sellers. 

Specifically, between $2.20 and $2.60, the market has entered a range where weak hands exit, while long-term buyers steadily rebuild exposure. Meanwhile, each rebound from this zone reflects growing conviction and tightening supply, which often marks the preparation stage before a breakout. 

Furthermore, the analyst describes this setup as a “rebirth,” not a repetition, emphasizing that the ongoing structure mirrors the rhythm of XRP’s 2017 surge. Therefore, if the current pattern sustains its strength, the XRP price prediction of a push toward $10 could unfold during the next major wave.

How the Current Wave Is Playing Out

At the time of press, XRP value sits at $2.64, trading within the upper boundary of its descending channel. The asset has bounced decisively from the lower boundary, establishing a clear higher low pattern—a technical hallmark of trend reversal. 

Near $2.28, buyers have repeatedly stepped in to defend the level, forming a demand base that underpins the latest rebound. As price pushes into $2.40, early sellers attempt to cap upside momentum, but buying pressure remains persistent, leading to short-term breakouts with healthy retests. 

Around $3.13, the next liquidity pocket emerges—this is where profit-taking may appear, yet strong buy orders could turn that level into a new base if bulls maintain conviction. Meanwhile, the MACD’s bullish crossover confirms that buying volume outweighs selling force, while the RSI’s steady climb above 50 shows expanding buyer dominance. 

These combined signals reinforce the XRP price prediction outlook that a clean breakout beyond $3.65 could open the door for a sustained advance toward $10 and beyond.

Evernorth’s $1B XRP Purchase Strengthens Institutional Narrative

Ripple-backed Evernorth Holdings recently purchased 388.7 million XRP tokens worth over $1 billion between October 20 and 27, 2025. This large-scale acquisition implies that the firm has now reached 95% of its acquisition target.

Notably, this accumulation comes after XRP recorded a 355% annual gain following the SEC’s dismissal of its lawsuit against Ripple Labs. The timing of Evernorth’s purchase highlights increasing corporate trust in XRP’s ecosystem and its growing use in liquidity and settlement frameworks. 

Furthermore, this investment reinforces the view that institutional demand continues to shape market direction. As Evernorth prepares for its Nasdaq debut, the transaction not only adds credibility to XRP’s long-term narrative but also strengthens the broader XRP price prediction outlook for sustained growth.

Can XRP Recreate Its 2017 Magic?

The alignment between technical strength and institutional confidence paints a convincing picture for XRP’s next major move. Buyers continue to defend key zones, keeping the structure intact and supporting the ongoing re-accumulation phase. Meanwhile, Evernorth’s $1B purchase ahead of its Nasdaq debut reinforces faith in XRP’s broader ecosystem and long-term adoption potential. If this synergy between technical conviction and corporate accumulation persists, the XRP price could indeed mirror its 2017 performance and break past the $10 barrier.