Crypto analyst Cleo Schmidt has identified what she describes as a pivotal repetition in XRP’s price structure, suggesting that the asset is currently mirroring the powerful trend sequence that preceded its 60,000% rally leading up to the 2018 peak. Schmidt, who regularly shares market insights as @Cleo_995yu, points to a sequence of support level retests that historically have marked the start of sharp upward moves in XRP.
Pattern echoes past rally
Schmidt’s analysis focuses on a longstanding support zone that XRP has revisited several times since 2017. She notes that each major retest–when the price approaches and confirms a support level multiple times without falling below–has preceded periods of compression followed by breakouts.
According to Schmidt, the previous completion of this formation in 2017 led XRP to surge over 60,000%, reaching its all-time high in early 2018. She believes a similar setup is currently in play as the price moves through the same levels and consolidates in a comparable structure.
Schmidt argues that a sequence of support retests, particularly a third confirmation, has historically signaled the start of explosive moves for XRP, reflecting the cycle that led to the 2018 peak.
Key retest level and expansion trigger
Schmidt emphasizes the importance of the third confirmed retest at this price zone. She states that while the first two retests establish and confirm the support level’s validity, a third confirmation often acts as a launchpad for broader expansion.
She stated, “Once the support level is confirmed for the third time, the expansion could accelerate.” This anticipation aligns closely with what was observed during XRP’s 2017 rally, where each retest appeared to compress volatility ahead of the historic surge.
Mini dictionary: Retest, a technical analysis term referring to the market price returning to a previously established support or resistance level to confirm its validity before moving in the direction of the trend.
Step-by-step price roadmap
Schmidt has laid out a stepwise roadmap for XRP, projecting a series of key milestones she believes the asset could reach if the pattern holds. Her stated path begins at $1.10, predicts a pullback to $0.97, and then lays out further upside targets at $1.80, $2.70, $3.20, $6.50, and ultimately $13.
The early pullback to $0.97 is described as a re-accumulation phase, which could precede a significant rally toward $1.80. Subsequent levels mark progressive resistance points on the way to higher price objectives.
| Target Level | Potential Role |
|---|---|
| $1.10 | Initial breakout |
| $0.97 | Re-accumulation zone |
| $1.80 | First major resistance |
| $2.70 | Secondary resistance |
| $3.20 | Historic peak test |
| $6.50 | Major upper target |
| $13 | Cycle completion |
Schmidt outlines: “$1.10 → $0.97 → $1.80 → $2.70 → $3.20 → $6.50, and ultimately $13.”
Outlook depends on confirmation
The roadmap gives traders clear levels to watch as Schmidt continues to monitor for confirmation of the third retest, which she views as the critical signal for the start of a new expansion phase. Until this occurs, she suggests that the pattern remains in development and that market participants should remain attentive to support zone behavior.
Schmidt’s approach offers a detailed framework for interpreting XRP’s current technical setup. If the cycle repeats as analyzed, traders may witness a significant upward movement. However, the realization of this scenario hinges on the confirmation of the key support level, which has proven to be instrumental in previous cycles.
Schmidt is an independent market analyst known for her pattern-based cryptocurrency forecasts. XRP is a digital asset and payment protocol developed to enable quick, cross-border financial transfers.
