$XRP Path to $280 – A Historical Perspective
Dark Defender’s analysis is based on historical price patterns, noting that in 2017, XRP surged over 60,000%, reaching its all-time high (ATH) of approximately $3.3. The expert’s accompanying chart suggests a similar parabolic move could be brewing, potentially pushing XRP to $280 in the next bull cycle.
Interestingly, other analysts share this bullish sentiment. Crypto analyst Egrag Crypto has also pointed out that if history repeats itself, XRP could reach $222, reinforcing the potential for an explosive rally in the coming years.
Short-Term Price Outlook – Can XRP Hold Key Resistance?
While long-term forecasts paint a bullish picture, XRP is currently battling key resistance levels. Analyst Casi Trades recently pointed out that XRP is testing critical resistance at $2.54, hovering just below a significant consolidation trendline. She emphasized that if XRP breaks and holds above $2.54, the next targets lie at $2.70 and $3.05.
However, a failure to hold above $2.42 could lead to a correction, potentially pushing the price down to $1.50. CasiTrades remains optimistic, stating that XRP is still in the early stages of Wave 3, a technical pattern that suggests a strong uptrend is forming.
The Coffee Cup Pattern – $XRP to $44?
For those looking for a more conservative price prediction, Dark Defender has also outlined a scenario where XRP reaches $44, supported by a ‘Coffee Cup’ pattern. This U-shaped formation indicates a potential bullish trend reversal, supported by Elliot Wave analysis. According to this projection:
Wave 3 could push XRP to $5.85 and $18.22
Wave 5 targets $36, with the Coffee Cup depth aiming for $44.22
Key Levels to Watch – A Bullish Breakout or Consolidation?
Crypto analyst Ali Martinez has highlighted another important bullish pattern: a head-and-shoulders setup. He suggests that if XRP avoids closing below its neckline and instead breaks above the right shoulder, a bullish breakout toward $5 could occur.
