XRP Charts Show Familiar Pattern Before Huge 2024 Rally

XRP is catching the eye of traders once again. The price is currently hovering near 1.40 dollars, showing a 35 percent gain over the past month. Analysts are comparing the current chart structure to a specific sequence from 2024, which acted as a precursor to a major 650 percent price move. The roadmap suggests potential targets at 1.90 dollars, 2.80 dollars, and 3.40 dollars if history repeats itself.

On chain data adds weight to the bullish outlook. Spot trading volume reached a six month high in August, with billions in volume flowing through major exchanges like Binance. Meanwhile, roughly 500 million XRP moved off exchanges into private custody. Many experts view this shift as a sign that long term investors are accumulating the token, possibly to support the growing demand for spot ETF products.

Despite the excitement, not everyone is convinced that a moon mission is imminent. Some analysts argue that the current bounce is just a corrective pullback. They believe the price action shows an incomplete recovery and warn that a solid bottom has not yet been established. The market remains split between those betting on a repeat of last year and those waiting for more stability.

Traders should keep a close watch on the 1.10 to 1.38 dollar support zone. While technical patterns provide interesting insights, they are not guarantees. Success for XRP in the coming weeks will rely on sustained buying pressure and the ability to hold these key levels against broader market fluctuations.