Analyst: The Last Time This Happened, XRP Surged 60,000%

Her analysis centers on a key support level that has held on multiple occasions. Each confirmed retest of that level has historically preceded a major price expansion.

The last time the asset completed this pattern in 2017, it surged by over 60,000%. That move sent the asset to its 2018 peak, which remains one of the highest prices XRP has ever reached.

The Retest Pattern

Schmidt’s chart shows a repeating sequence of retests at a critical support zone. The pattern is not random. Each retest came in a lower volatility window, with price compressing before a breakout. The first retest established the level. The second confirmed it. Schmidt’s analysis argues that a third confirmed retest would signal the beginning of a full expansion phase.

The significance of the third retest is central to her thesis. “Once the support level is confirmed for the third time, the expansion could accelerate,” she stated. This mirrors the behavior observed during the 2017 cycle, where each retest built pressure before the eventual surge toward the 2018 peak.

Schmidt’s Price Targets

Schmidt has published a specific roadmap for this cycle. Her targets move in stages, with the price expected to pull back before each leg higher. The sequence she outlines runs as follows: $1.10, then a pullback to $0.97, followed by a recovery to $1.80, then $2.70, $3.20, $6.50, and ultimately $13.

The early pullback to $0.97 serves as the re-accumulation zone before the first major leg to $1.80. The targets then escalate through $2.70 and $3.20 before the two largest moves, $6.50 and $13, complete the cycle.

Structural Repetition

XRP’s current price action replicates the same support behavior seen in 2017. The retests, the compression periods, and the eventual expansion all follow the same sequence. The 2017 cycle took XRP from obscurity to its 2018 peak. Schmidt believes the current cycle carries the same potential.

The roadmap provides specific levels for traders and investors to track. The confirmation of the third retest is the critical trigger. Until that confirmation arrives, the pattern continues to develop as Schmidt’s analysis projects.