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According to expert analysts, the XRP price is showing renewed bullish momentum, with projections suggesting a potential rally to the 1.618 Fib at $21 this bull cycle. While this projection may seem ambitious, the analyst’s bullish outlook doesn’t stop there. Once XRP hits $21, it is expected to continue its upward trajectory toward its next target of $152. XRP Price Eyes Powerful Breakout To New Targets
A recent technical analysis of XRP’s long-term price chartis igniting significant buzz in the crypto community, as the altcoin appears to be forming a familiar pattern that previously led to exponential gains. The chart, publishedby a well-known crypto expert, Javon Marks, suggests that XRP could be on the brink of a powerful price breakout, with expectations pointing toward the $21 price level and beyond. Related Reading XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target 4 hours ago
Marks’ analysis identifies two major symmetrical triangle formations in XRP’s price history—one that preceded its explosive rally in 2017and another that concluded with a fresh breakout in 2024. In the earlier cycle, XRP surged thousands of percent after breaking out of its consolidation pattern, topping near the 2.272 Fibonacci level. This historical price movement is now being used to forecast what could come next for the altcoin. Source: Javon Marks on X
According to the chart, XRP recently rose to the 1.0 Fibonacci level near $3.31 but retraced back toward $2. If the current cycle mirrors the previous one, Marks predicts that the next significant level of interest lies at the 1.618 Fibonacci Extension level, which aligns with the $21 price target. Notably, a surge to this double-digit territorywould represent an over 800% increase from current levels around $2.23.
However, Marks’ optimistic projection does not stop there. Should XRP replicate the full extension it made in the past, the price is forecasted to reach the 2.272 Fibonacci level once again, this time sitting around a jaw-dropping $152. While this forecast may seem over the top, the analyst has shown strong confidence in XRP’s future price outlook, utilizing past price action as a blueprint and technical indicator to determine the altcoin’s upside potential. Analyst’s XRP Forecast Met With Skepticism
On one hand, Marks’ bullish XRP price forecastwas met with excitement, and on the other, the majority of crypto community members expressed doubts about the overly ambitious targets. The projection of a move to $21 and possibly even higher to $152 has been met with caution and skepticism among community members. Related Reading Bullish Candle Formation Suggests The XRP Price Could Touch $22 5 days ago
While historical patterns can provide a roadmap to a potential price rally, critics responding to Marks’ analysis arguethat reaching the triple-digit territory is virtually impossible for XRP currently. One member suggestedthat a more realistic target for the altcoin was between $13 and $20. Others questionedthe feasibility of hitting these bullish targets within the proposed timeline, debating whether it could happen by the end of 2025 or even Q1 2026. XRP trading at $2.25 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com