As gold continues its impressive climb amid global economic uncertainty, analysts are revisiting an intriguing historical pattern involving XRP. The last time gold experienced a parabolic surge, XRP followed with a massive rally of over 1,000%. With similar conditions now emerging, the crypto community is watching closely to see if the altcoin will repeat this performance.

Over the past two months, the cryptocurrency market has been treading water. Bitcoin (BTC) has been struggling to maintain momentum above the $80,000 threshold, while XRP has faced resistance in staying above the $2 mark. However, during this period of market hesitation, gold has steadily risen, asserting its dominance as a reliable macroeconomic hedge.

Since October 2023, gold has been on a strong uptrend, even as macroeconomic tensions and financial policy shifts have kept other markets on edge. From that point to April 2025, gold has surged 89%, climbing from below $1,850 to a record high of $3,500. This growth has far outpaced crypto, which has remained mostly stagnant in the same timeframe.

But now, as gold appears to be entering a mild correction phase—having pulled back about 5% to $3,300—Bitcoin has staged an impressive comeback. Over the past week, BTC rose 11%, reclaiming a price level around $95,000. This sudden momentum shift has drawn attention from analysts, some of whom believe a larger rally is in motion, with XRP possibly among the top beneficiaries.

Looking back at the previous cycle helps to provide some context. Between late 2018 and August 2020, gold rose sharply by 72%, reaching a new all-time high of $2,075. This rally occurred as investors turned to safe-haven assets during increasing economic uncertainty. Interestingly, during this gold rally, crypto was underperforming, and XRP, like much of the market, showed minimal movement.

However, things changed drastically once gold began to cool down. After peaking in August 2020, gold entered a phase of correction and consolidation. It was during this period that crypto began to heat up. In particular, XRP surged from $0.17 in late 2020 to nearly $2 by April 2021—a remarkable 1,019% increase, even as the token was embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC).

This historical sequence—gold’s rise followed by a correction and then an explosive crypto rally—appears to be unfolding again. Adding more weight to this theory is the current monthly Relative Strength Index (RSI) for gold. Much like during the 2018–2020 rally, gold’s RSI has now spiked from 50 to 85, suggesting the asset may be overbought and due for further consolidation.

Now trading at around $2.18, XRP is positioned for a potential breakout if historical patterns persist. If the altcoin were to repeat its 1,000% rally from the last cycle, that would place its target price at approximately $24. Some experts and community figures are not ruling this out. In fact, Bitcoin enthusiast Davinci Jeremie, known for his critical stance on XRP in the past, has stated he now sees $24 as a possible target within the year.

Market analyst EGRAG has gone even further, suggesting that XRP could hit $27 based on current technical indicators. And unlike the 2020–2021 run, XRP may soon benefit from regulatory clarity, as the SEC lawsuit that clouded its momentum is likely approaching its conclusion.

Although there’s no certainty in the world of crypto, many see the correlation between gold pullbacks and crypto upswings as a signal worth watching. If investor sentiment continues to rotate capital out of traditional assets like gold and back into riskier plays such as cryptocurrencies, XRP may find itself at the forefront of another historic rally.

As always, market cycles don’t guarantee outcomes, but they can offer compelling clues. Whether XRP can replicate its past performance depends on a host of variables—regulatory developments, market liquidity, and investor confidence among them. But one thing is clear: history has set the stage for a potentially explosive chapter in XRP’s story.