According to specialized analysts, the price of $XRP is showing renewed upward momentum, with projections suggesting a potential rally to the Fibonacci level of 1.618 at $21 in this bullish cycle. Although this projection may seem ambitious, the analyst's optimistic outlook doesn't stop there. Once XRP reaches $21, it is expected to continue its upward trajectory towards the next target of $152.
A recent technical analysis of the long-term price chart of $XRP is generating significant buzz in the crypto community, as the altcoin appears to be forming a familiar pattern that previously led to exponential gains. The chart, published by a well-known cryptocurrency expert, Javon Marks, suggests that XRP may be on the verge of a powerful price breakout, with expectations pointing to the price level of $21 and beyond.
Marks' analysis identifies two major symmetrical triangle formations in XRP's price history—one that preceded its explosive rally in 2017 and another that concluded with a new breakout in 2024. In the previous cycle, the $XRP skyrocketed thousands of percent after breaking its consolidation pattern, reaching the Fibonacci level of 2.272. This historic price movement is now being used to predict what might come next for the altcoin.
According to the chart, XRP recently climbed to the Fibonacci level of 1.0 near $3.31 but retraced towards $2. If the current cycle mirrors the previous one, Marks predicts that the next significant level of interest is at the Fibonacci Extension level of 1.618, which aligns with the price target of $21. Notably, a rise to this two-digit territory would represent an increase of over 800% from current levels around $2.23.
However, Marks' optimistic projection doesn't stop there. If XRP replicates the full extent it achieved in the past, the price is projected to reach the Fibonacci level of 2.272 again, this time around an impressive $152. Although this prediction may seem exaggerated, the analyst showed strong confidence in XRP's future price outlook, using past price actions as a model and technical indicator to determine the altcoin's potential upside.
Marks' forecast for XRP was met with skepticism. On one hand, Marks' optimistic price prediction for XRP was received with enthusiasm, while on the other hand, most members of the crypto community expressed doubts about the overly ambitious targets. The projection of a move to $21 and possibly even higher to $152 was met with caution and skepticism among community members. While historical patterns may provide a roadmap for a potential price rally, critics responding to Marks' analysis argue that reaching three-digit territory is virtually impossible for XRP at the moment. One member suggested a more realistic target for the altcoin was between $13 and $20. Others questioned the feasibility of reaching these optimistic targets within the proposed timeline, debating whether this could happen by the end of 2025 or even in the first quarter of 2026.
