Ripple’s XRP is growing into the spotlight as Bitcoin (BTC) and Ethereum (ETH) spearhead a strong crypto market rally. With BTC having reached the high of $100,000 and ETH breaking above the critical $2,000 resistance level, the question is turning to whether XRP can then follow with its own breakout, and analysts are saying it’s only a matter of time.
Currently trading at $2.20, XRP has posted a modest 4% gain in the last 24 hours. After reaching its all-time high of $3.84 in January 2018, XRP struggled to break past key resistance levels, including its April 2021 peak of $1.96.
Market analyst Egrag Crypto recently reaffirmed a bold forecast, stating XRP might surge to $6.22, then $7.68, and even to as much as $27, representing more than a 1,100% increase from where it stands today. His breakdown, which utilizes long-term Fibonacci levels and inverse chart patterns, indicates XRP has broken through a multi-year “stratospheric” resistance level and now stands poised to accelerate.
Another expert, Amonyx, highlighted XRP’s symmetrical triangle breakout in late 2024, which resulted in a 500% surge. He believes XRP is following a historical trend seen in 2021, which resulted in significant price increases. According to his technical model, XRP could again hit the 1.618 and 1.902 Fibonacci extension levels, with price goals of $27.16 and $71.4, respectively.
Essentially, the stage appears well-set. Ripple is gaining traction worldwide with its cross-border payment solutions. The long-standing SEC lawsuit against XRP as a security is also on the brink of being resolved, dispelling legal clouds that have hung over price action for years. Legal certainty is crucial, as it makes XRP more appealing to institutional investors.
In addition, the whole altcoin space is experiencing renewed focus. With BTC already reaching a significant milestone and ETH regaining a strong position, investors are rotating into previously lagging altcoins, positioning XRP to be a leading candidate for dramatic upside.
If momentum continues and XRP crosses $3, a level it hasn’t seen since early 2018, it could unlock fresh investor interest and trigger rapid price discovery.
Also Read: Analyst Predicts XRP Price Could Hit $20: Can it Pull a 10X Move?
