XRP has been gaining attention among investors as it shows signs of repeating the bullish rally seen in 2017. Market analyst Bassii recently discussed his take-profit targets for XRP, based on the assumption that the cryptocurrency follows a similar pattern to its historic price movement in 2017.

In late December 2024, Bassii identified notable similarities between XRP’s current market structure and the fractal pattern from 2017. This fractal ultimately led XRP to a massive 60,000% surge, reaching its all-time high of $3.31 in January 2018. The 2017 rally began with a 284% increase in March, and XRP continued to surge as the year progressed. Now, in late 2024, XRP appears to have followed a similar trend, starting its current uptrend with a 283% gain.

This similarity between the 2024 and 2017 rallies has stirred up speculation that XRP could see a repeat of its past success. However, Bassii, like many analysts, remains cautious. He notes that the market must confirm this theory before making any definitive conclusions. Despite his cautious approach, he has already outlined a clear strategy for taking profits, depending on whether XRP follows or deviates from the 2017 fractal.

Take-Profit Strategy for a Confirmed 2017 Fractal

Bassii’s take-profit strategy revolves around XRP’s performance and whether it follows the 2017 fractal pattern. If the pattern is validated, the analyst plans to sell 15% of his holdings when XRP reaches between $4 and $5. At this point, he will wait for further market confirmation to ensure that the fractal pattern is indeed playing out. If the market continues to support this scenario, Bassii’s next target will be between $7 and $8.50, where he plans to sell 80-85% of his XRP holdings.

After this large sale, Bassii expects a potential 30-40% correction in XRP’s price. If this occurs, he plans to buy back 50-60% of the XRP he previously sold, taking advantage of the lower price. The analyst’s final target lies between $25 and $35, where he intends to sell 90-95% of his total holdings. As the price approaches $20, he plans to begin scaling out by selling his holdings incrementally.

Strategy for an Invalidated 2017 Fractal

While Bassii’s main strategy is based on the assumption that XRP will follow the 2017 fractal, he also prepared a plan in case the fractal is invalidated. If XRP deviates from the 2017 pattern, the analyst plans to sell 15% of his holdings at the $4-$5 price range, as originally planned. However, his next target would shift to the $8-$10 range, where he would sell 85% of his holdings.

If the fractal is invalidated, Bassii’s approach would change significantly. He has stated that he will not re-enter the market after selling in this scenario. In such a case, he would adopt a more conservative strategy moving forward. He emphasizes that the failure of the fractal pattern would require a reevaluation of his investment approach and a shift towards a more cautious outlook.

Criteria for Fractal Validation or Rejection

Bassii also outlined his criteria for determining whether the 2017 fractal is truly being followed. For validation, he is looking for a series of large bullish weekly candles that indicate strong buying momentum. Additionally, Bassii expects to see a new all-time high for XRP within 2-3 weeks of the current market trend. If these conditions are met, it would signal that the fractal pattern is holding, and his strategy would proceed as planned.

On the other hand, the analyst warns that a fractal rejection would occur if XRP experiences any significant red weekly candles in the upcoming weeks or fails to close above $5 by the end of week four. Should these conditions occur, it would invalidate the fractal theory and prompt Bassii to revise his strategy accordingly.

XRP’s Current Price and Potential for Growth

Currently, XRP is trading at around $2.29, and for the 2017 fractal pattern to be validated, it would need to rise by 108% to reach the $5 mark. The market will need to confirm whether this level is achievable in the coming weeks for the fractal scenario to hold true.

In conclusion, Bassii’s strategy hinges on XRP’s price movements and its potential to replicate the success of the 2017 bull run. While he is optimistic, he remains cautious and prepared to adjust his approach based on how the market plays out. Investors following XRP will be closely watching these developments to see if history repeats itself and whether Bassii’s price targets come to fruition.