Bluntz Maps XRP Below $1.50 as 2017-Style Adam and Eve Base Completes

Bluntz Sees the 2017 Base Repeat

XRP has spent the session holding a lower range under the $1.50 support it lost, and the tape around that breakdown has stayed quiet rather than disorderly: the XRP price sits near $1.41, about 3% lower over 24 hours and only 0.3% below where it stood when the newest reading crossed at 03:50 UTC on Thursday. Short-term traders had been focused on the lost round figure, and its failure turned $1.50 into an overhead reference for the bounce attempts that followed. Into that flat tape has come a longer-horizon counter-reading. Market analyst Bluntz, whose weekly-chart work circulates widely among retail desks and is followed by some traders through copy trading services, argues that recent sluggish price action has unsettled market participants while leaving the larger structure untouched. He published the long-timeframe XRP-BTC chart and wrote that he would “show what is really happening” with the asset. In his reading, the pair’s relative value against Bitcoin is tracing the same bottom formation that preceded the explosive 2017 cycle, when relative strength against the market’s largest asset compounded into gains measured in the thousands of percent. The dollar chart tells the flatter story, and he does not dispute it: the token now trades roughly 6% below the $1.50 line it gave way from, an extended sideways-to-lower drift that broader altcoin weakness has done little to relieve. The session’s selling also carries supply-side memory, following Ripple’s recently reported 99.86 million XRP transfer to Binance that fueled sell-pressure concerns among holders. The disagreement he draws is one of timeframe: holders watching the daily breakdown see damage, while the weekly accumulation picture he sketches shows a market that, in his view, has already done the hard work of building a base and is now testing whether that work holds.

The 0.00008 BTC Target

The structure behind that call has a name and a sequence. An Adam and Eve formation is a classic reversal pattern that joins a sharp, abrupt V-shaped low with a slow, rounded U-shaped low, the two together completing a turn from distribution to accumulation. On the XRP-BTC weekly chart, Bluntz dates the first half to mid-2024, when the ratio carved a steep V-bottom near 0.000005 BTC, and the second half to the stretch across 2025 and 2026, when a gently rounded base formed and the pair pushed through a large neckline. That breakout, in his account, recreated the accumulation structure that set up the record rally of early 2017, roughly nine years ago. The tedious sideways-to-lower price action underway now is, on this reading, the standard next chapter: a retest of the broken line, in which former resistance is reworked as support before any markup begins. It is also the kind of grind that can wear holders down and flush exit liquidity before a turn, which is the discomfort he says participants are feeling. If the retest finishes and holds, his projection has the XRP-BTC ratio climbing to 0.00008 BTC, a level that, at prevailing Bitcoin prices, works out to well beyond $4 and toward $5 per token in dollar terms. Long-range dollar forecasts for the asset run wider still, from a model projecting XRP at $50 by 2027 to far more modest ranges, though the scenario above is anchored to the ratio rather than a fixed dollar path. None of it has yet changed the dollar-side picture: the token remains below $1.50 and the daily trend still reads sideways, leaving the 2017 comparison, for now, a thesis rather than a result.

Sideways Tape, Strong $1.34 Shelf

Our own levels frame the field that retest has to work within: our composite support and resistance scoring, which rates each level 0-100 from the indicators clustered there, puts the nearest resistance at $1.4409, scored 99/100, and the strongest support at $1.3369, scored 96/100, so the band between roughly $1.34 and $1.44 is where the next directional decision forms; a fuller breakdown of that indicator stack sits in our XRP technical analysis. Positioning is similarly uncommitted: perpetual funding runs at -0.0015% and the long/short account ratio stands at 3.18, while the trend label on our readings remains sideways. XRP’s circulating supply supports a market capitalization of about $89.4 billion. What the drop under $1.50 did not change is the larger structure; a weekly base built across two years does not reset on one session’s selling, and the 2017-style scenario stays intact for as long as that $1.3369 shelf holds.