XRP Mirror 2024 Pattern That Preceded 650% Rally

The chart structure of XRP is catching renewed notice because it closely resembles a formation from 2024 that preceded a sharp upward move.

The current configuration matches the sequence that came before that previous 650% jump, according to analysts monitoring the altcoin.

Why This XRP Pattern Reminds Chart Analysts of 2024

As of this writing, XRP is trading around $1.40, having gained about 35% over the past month. The token remains far below its 2025 high around $3.65 but has recovered from values under $1.00 seen earlier in the summer.

Analysts point out that XRP has replayed the identical pattern seen in 2024 right before that surge. The cryptocurrency is tracing a sequence that moves from the $1.10 to $1.00 area through subsequent price targets of $1.30, $1.90, $2.80, and $3.40.

The analysis presents this as a possible path, not a certainty.

Other optimistic forecasts use Fibonacci levels. According to trader CW8900, the most recent correction found a bottom near the 0.5 retracement, and the price has subsequently moved past the 0.618 level. The next extension target is around $2.13 at the 1.618 Fibonacci level.

On-Chain Data and Cautious Views

Additional context comes from on-chain data:

• In August 2026, XRP spot trading volume hit a six-month high. Binance alone recorded over $7.26 billion, and Upbit and Bithumb also showed heightened activity.
• About 500 million XRP exited Binance during that same time, reducing the exchange's monthly average reserves to levels not seen since early 2024.

Analysts see the withdrawal as a bullish indicator over the long term, aligning with accumulation in self-custody or demand from spot ETF products introduced in late 2025.

This trend is considered more significant for long-term timeframes than for short-term price movement.

Not all analysts share this optimism. A more cautious perspective characterizes XRP as still being in a corrective pullback inside the $1.10 to $1.38 support area.

• The most recent bounce still shows a three-wave pattern.
• A definite low has not yet been confirmed.
• The ongoing recovery seems more like a partial rebound rather than the beginning of a lasting upward move.

The mix of a recurring technical pattern, high spot volume, falling exchange reserves, and conflicting short-term signals results in a truly debated situation.

Identifying historical patterns can suggest potential movements, but market conditions, overall cryptocurrency sentiment, and macroeconomic forces still determine the final results.

Whether the 2024-like sequence repeats depends on continued buying pressure and XRP's capacity to maintain important price levels over the coming weeks.