Amid the ongoing downtrend, the Flare (FLR) token appears to be following the same pattern XRP witnessed before its 2017 rally.
Flare (FLR) remains under pressure as the broader crypto market continues its prolonged decline. Despite this weakness, its long-term chart has started to resemble the pattern XRP formed before its historic rally during the 2017 bull market.
This pattern involves a series of lower highs that XRP recorded before its massive breakout. While matching chart patterns do not guarantee the same outcome, the similarities raise questions about whether FLR could eventually stage a comparable move if market conditions improve.
XRP Built a Series of Lower Highs Before Its Historic Rally
For context, XRP produced one of the biggest rallies in crypto history during the 2017 bull cycle. Specifically, the token climbed from $0.005 in March 2017 to $3.31 in January 2018, delivering a remarkable 66,100% gain in less than a year.
However, before the rally, XRP spent several years forming lower highs. The asset first climbed to $0.0435 in December 2013, marking the peak of its first major bull run.
It later dropped during the following bear market before recovering in November 2014. However, this rebound only carried XRP to $0.0280 by December 2014, leaving it below the $0.0435 high reached a year earlier.
After peaking at $0.0280, XRP pulled back again. When it recovered in December 2015, it reached only $0.0091, creating another lower high compared to the December 2014 peak.
From there, XRP entered a steady decline that pushed the price down to $0.005 in March 2017, where it found its bottom. This low marked the beginning of the token’s historic rally to $3.31, which rewarded investors who held through the long downturn.
Flare Has Traced a Similar Path
Flare now appears to be following a similar pattern. Notably, the token climbed to about $0.048 in February 2024 before meeting resistance and pulling back during a broader market correction.
As the crypto market recovered in November 2024, FLR also moved higher. However, the recovery reached only $0.036 by December 2025, creating a lower high compared to the $0.048 peak recorded in February 2024.
After reaching $0.036, FLR entered another correction that lasted until April 2025. The token then started another recovery but managed to rise only to $0.0287 in September 2025, forming yet another lower high.
Since reaching $0.0287, FLR has remained in a broader market downturn that has continued to push its price lower. The token now trades around $0.006, which brings it close to the $0.005 level where XRP bottomed before its explosive rally in 2017.
Similar Patterns Do Not Guarantee Similar Results
However, it is important to note that the similarities between the two charts do not guarantee that FLR will repeat XRP’s historic performance.
The current market environment also differs from the one XRP experienced in 2017. The altcoin market has become much more crowded, with thousands of additional tokens competing for investor capital. Because of that, attracting enough money to fuel a 66,000% rally may be much more difficult for Flare.
However, FLR would not need to match XRP’s full performance to deliver significant returns. If the token achieved just one-quarter of XRP’s historic rally, it would still gain about 16,500% from its current price of $0.006. Such a move would push FLR to a new all-time high of nearly $1.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Be the first to comment