XRP Breakout Targets: $15—Analyst Says 'This is Just the Beginning'

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XRP may be entering its most explosive phase in years, according to cryptocurrency analyst CryptoInsightUK. On July 31, he released a comprehensive technical analysis suggesting that the token's breakout from a six-year consolidation range could soon elevate prices to $15—and potentially beyond. 'This is just the beginning,' he said, arguing that the recent monthly close confirms a structural strength that has quietly developed over the last two market cycles.

In a video analysis posted on YouTube, the analyst highlighted the rare technical alignment of XRP on the monthly chart, pointing to its sustained breakout above the all-time high of 2018 and an imminent potential for new highs. His base scenario aims for a move between $8.70 and $15 in the short to medium term, based on measured historical moves and the momentum structure. 'If we make a measured move like the last one, that could take us to $15,' he said. 'I don't think that's irrational.'#TrumpTariffs

Supporting the optimistic case is a technical signal that many market observers have overlooked: the return of XRP's monthly Relative Strength Index (RSI) to the overbought zone, historically a precursor to parabolic rallies. In the 2017 cycle, a similar RSI pattern preceded a move of over 700%, and even a 'conservative' repeat could elevate XRP well above $10, he explained. 'If we make a higher high on the monthly RSI here, to me that doesn’t indicate that the move is over,' he said, emphasizing that the momentum indicators remain firmly in bullish territory.

He also drew attention to the relative strength of XRP compared to Bitcoin, describing its position on the XRP/BTC chart as 'such a crucial place.' After bouncing from key support levels, XRP/BTC is closing the month significantly higher than almost every month in recent years. 'We are going to close above everything except for the last two months,' he noted. 'It's strong. It's showing strength.'

Observing XRP dominance—a measure of XRP's market share compared to the rest of the cryptocurrencies—CryptoInsightUK noted that the token is maintaining the midpoint of a range formed at the top of what he calls the 'strength signal' phase. 'We created this range at the top of the Wyckoff accumulation... Things are going well there too,' he said. He further analyzed XRP's future premiums, noting that the negative premium since July 24 resembles the setup before XRP's last major rally from $0.50 to $2.60. 'In fact, we stayed in the red for a while, and that was when we found our lows,' he said. 'So, when we got out of that zone, we went back to being in the green... and that coincided with the start of the rally.'

The structure of the chart, the momentum indicators, and the liquidity maps point to a scenario where XRP could rise significantly with relatively minor catalysts. The analyst emphasized that this does not necessarily mean a straight line upward, but rather an aggressive trend formation after years of accumulation$XRP