Crypto analyst Steph Is Crypto (@Steph_iscrypto) recently highlighted a historical technical pattern on XRP’s weekly chart.
In a post with a historical price chart, Steph pointed out that XRP has printed a weekly hammer candle for only the third time. The previous two occurrences preceded parabolic rallies exceeding 2,000%.
This is only the third time in #XRP ’s history we’ve seen this weekly hammer candle.
The last two led to 2,000%+ moves. pic.twitter.com/26biG4lRFl
— STEPH IS CRYPTO (@Steph_iscrypto) February 4, 2025
The tweet has sparked discussions within the cryptocurrency community, with many speculating whether history will repeat itself. An X user, SamTheCarpetMan, commented on the chart’s similarities, stating, “All three of those candles look pretty much identical they each dropped about 50 to 55% before recovering! If history repeats itself, we’re going to Uranus!”
While the comment is humorous, the underlying observation aligns with what technical analysts consider a bullish reversal signal.
Historical Patterns and Price Movements
The attached chart visually reinforces Steph Is Crypto’s claim. The first notable hammer candle appeared in 2013, leading to a significant rally. The second instance occurred in 2017, preceding a historic bull run that took XRP to its all-time high of $3.84 in early 2018. Now, in 2025, another hammer candle has formed, prompting speculation that XRP could be on the verge of another substantial upward move.
The hammer candle is a well-known candlestick pattern in technical analysis, often signaling a potential trend reversal. It forms when an asset’s price declines significantly within a given period but recovers to close near its opening price, creating a long lower wick. This indicates strong buying pressure after a temporary sell-off, which can precede an upward trend if confirmed by subsequent price action.
Market Sentiment and Speculation
Crypto analysts often look for historical patterns to identify potential future price movements. However, while similarities exist, the broader market environment differs in each cycle. In 2013 and 2017, XRP’s rallies coincided with Bitcoin’s bull runs and increasing retail adoption of cryptocurrencies.
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As of 2025, several factors could influence XRP’s trajectory . The regulatory landscape surrounding XRP has evolved, particularly after its legal battles with the U.S. Securities and Exchange Commission (SEC).
Additionally, macroeconomic conditions, institutional interest, and broader developments in the blockchain sector play a crucial role in determining whether XRP can replicate its past performance.
Another key difference is market maturity. Cryptocurrencies have gained more widespread adoption, and XRP is now being integrated into various financial institutions’ cross-border payment systems . This could lead to a different kind of price movement compared to the speculative-driven rallies of previous cycles.
Can History Repeat Itself?
While historical patterns suggest a possible rally, it is essential to consider additional factors such as trading volume, liquidity, and broader market trends. The cryptocurrency market has evolved significantly since XRP’s last major rally in 2017, with increased institutional involvement and regulatory scrutiny potentially influencing price action differently.
Traders and investors will closely watch XRP’s price action in the coming weeks to determine whether the latest hammer candle will result in another parabolic rally. Confirmation through increased buying pressure and sustained bullish momentum would be necessary before making definitive conclusions.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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