As XRP recently rose to as high as $1.44, some in the market are forecasting that a 2017-style surge pattern could reappear.

According to blockchain outlet The Crypto Basic on April 17 local time, some traders believe the current chart structure resembles the 2017 move that led to a vertical rise after a long period of sideways trading.

The strongest forecast came from veteran trader CryptoKupra, who is active on X, formerly Twitter. He argued that XRP's current structure is very similar to the 2017 fractal and could rise to $32 within the next 90 days if the same flow repeats. The chart he shared focused on how the current setup, entering an initial breakout phase after a long box-range move, resembles the past.

Behind the observation is XRP's past surge. XRP recorded its biggest price spike in history between 2017 and January 2018 after going through a long accumulation phase. Compared with then, however, the current XRP ecosystem and market environment have changed significantly, and its market capitalisation is also much larger.

Market reaction was mixed. Even within the XRP community, some say the legendary 2017 chart structure is still valid, while others say it is no longer useful as a reference. One user said they would like the $30 forecast to become reality, but noted that even though such fractals have been repeatedly overlaid on XRP charts for years, they have never actually played out. Another user also criticised the repeated cycle, saying the same claims and the same results have been repeating for years and bold price forecasts have not materialised.

By the numbers, $32 would require a very large rise. Based on $1.44, XRP would need to rise 2,122 percent to reach $32. That price would lift XRP's market capitalisation to nearly $2 trillion. For that reason, some in the market view the forecast as unrealistic.

Bullish commentators, however, are putting more weight on the possibility of the pattern repeating than on the target price itself. XRP analyst Amonyx mentioned that $32 could be a warning rather than a prediction. The claim is that if XRP follows the 2017 pattern, $32 may not be the end but the starting point.

Against this backdrop, the near-term levels XRP must clear are also being discussed. In the market, the key point to watch is whether XRP can first regain $2 and $3 and then attempt to set a new all-time high. A bullish outlook has revived after the recent rebound, but whether the past pattern will translate into actual price movement is still at a stage that requires verification.

#XRP is mimicking its fractal from 2017 and if this plays out $32 #XRP in next 90 days pic.twitter.com/rOFBAe2Ly4