XRP Chart Projects $650 Target by Repeating Its 2017 Bull Run
XRP's long-term weekly chart is drawing attention to an ambitious price scenario that places the cryptocurrency near $650 if it were to repeat the percentage gain recorded during its 2017 bull run. The projection, shared by Patrick L Riley, applies the historical rally's magnitude to XRP's current market structure, but reaching such levels would require the asset to overcome significant technical barriers first.
The chart's blue vertical measurement illustrates the potential scale of a historical-repeat scenario rather than a confirmed price forecast. XRP would need to defend long-term support, break through descending resistance and reclaim its previous cycle highs before the more distant projections could become relevant.
The chart snapshot placed XRP at approximately $1.3758, while CoinMarketCap data cited in the source showed the asset near $1.39. During the weekly candle displayed, XRP opened around $1.5203, reached a low of $1.3188 and was down approximately 9.5% at the time of the snapshot.
How the XRP $650 Projection Is Calculated
The blue line measures a percentage-based expansion rather than repeating the absolute dollar increase from XRP's previous bull market. The historical comparison uses XRP's rise from approximately $0.005 in March 2017 to $3.31 in January 2018, a gain of roughly 66,000%, according to historical analysis previously tracked by The Crypto Basic.
The calculation illustrates what an equal-magnitude rally would look like if XRP repeated its historical percentage expansion. It does not establish that the cryptocurrency will achieve that performance, and the historical comparison alone provides no confirmation that a similar rally will occur.
XRP Long-Term Chart Shows Several Upside Reference Levels
The chart outlines multiple potential reference levels above XRP's current price. The first major hurdle is the previous cycle-high region between approximately $3 and $3.60. XRP would need to recover that area before the more ambitious long-term projections became relevant.
Beyond the previous highs, the logarithmic channel identifies additional reference zones around $12 and $165. A green projected path then extends toward approximately $650, representing the comparison with the percentage magnitude of the 2017 rally.
The chart also shows an upper blue channel boundary near $1,300 as the structure extends into 2027. That level is a long-term channel reference, not a confirmed price target or an indication that XRP is expected to reach that valuation.
XRP Support and Resistance Remain the Immediate Focus
Near-term price structure remains more important than the distant projections. A rising red trendline supports XRP's longer-term price structure, while a descending turquoise trendline extending from the 2025 highs continues to act as resistance from above.
These trendlines are converging toward late 2026 and early 2027, creating a tightening pattern on the weekly chart. The recent low between $0.95 and $1.00 is particularly significant to the projection because it lies near the rising macro trendline and serves as the starting area for the historical comparison.
At a closer range, the latest weekly candle's low of $1.3188 marks an immediate support reference. A decisive break below the rising trendline and the recent sub-$1 area would weaken the chart structure underpinning the projected repeat.
XRP Must Clear Major Resistance Before Larger Targets Matter
The chart does not suggest that XRP could move directly from approximately $1.39 to triple-digit prices without overcoming intermediate barriers. The descending turquoise trendline remains the first major obstacle, followed by the previous peak region around $3.50 to $3.60.
Several parallel blue ascending lines also appear on the logarithmic chart, providing longer-term channel references rather than clearly defined individual price targets. The projected green path rises sharply only after the current consolidation resolves, eventually approaching the upper range of the historical comparison.
For now, the key technical questions are whether XRP can maintain support around $1 and break above the converging weekly structure. Until those conditions are met, the $650 projection remains a hypothetical scenario based on historical price performance rather than evidence of a likely future outcome.
Data source: The Crypto Basic
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.