$7 In Sight: Analyst Turns Bullish On XRPs Price Trajectory
XRP has joined the recent crypto upswing after Bitcoin pushed back above the $100,000 mark. Prices have climbed into the upper end of the $2 region. That has some traders betting on much higher targets ahead. According to market observers, a mix of classic chart setups points to fresh peaks. But history also shows that big runs often come with sharp pullbacks.
XRP Builds On Bitcoin Rally
Based on reports, the rally began when Bitcoin broke through key resistance near $100,000. XRP followed suit by rising from around $0.50 in late 2024 to about $3.30 by January 2025. That was a gain of over 500%. Since February 2025, XRP has moved sideways around $2.40. Some traders see this as a quiet pause before the next leap. Others warn that holding a narrow range can trap buyers in false breakouts.
Parabolic Run May Set Stage
According to crypto analyst Mags, known as the scalping pro, this sideways action mirrors the 2017 cycle. Back then, XRP shot up from $0.0055 in March 2017 to $0.3988 in a parabolic phase. After six months of calm, the altcoin blasted to $3.40 in what he calls a blowoff top. Now,
$XRP is going to $7
Shared XRP below $0.5 before it went 6x.
The current consolidation looks similar to what we saw back in 2017-18 before the blow off top.
Expecting something similar.
easy 2-3x from here.. https://t.co/GG8uHFwRvK pic.twitter.com/b9juSGSp5y
Mags (@thescalpingpro) May 10, 2025
Mags expects history to echo again. He predicts an ultimate price of $7.30, about 200% above todays levels. His chart outlines four stages per cycle: first bounce, accumulation, parabolic climb, then blowoff top.
Triangle Breakout Signals GrowthBased on reports from analyst Ali Martinez, theres another setup in play. He points to a multiyear symmetrical triangle that ran from January 2018 to November 2024. XRP broke out of that pattern when it surged toward $2 after the US elections last year.
If the governing pattern behind $XRP is this symmetrical triangle, the target could be $15. pic.twitter.com/zFICoLyu2x
Ali (@ali_charts) May 11, 2025
Martinez figures the measured move from the triangle could push XRP to $15. That would be a 520% jump from $2.40. He adds that the current pullback may simply be the consolidation phase after the breakout.
XRP: From $0.0028 To $3.92And Bullish NowXRPs biggest peak, according to CoinCodex, came on January 4, 2018, when it hit $3.92, and its deepest drop was on July 7, 2014, at just $0.002802. After that all-time high, the token fell to a cycle low of $0.113268 before climbing back up to a cycle high of $3.38. Right now, most price forecasts for XRP are upbeat, and the markets Fear & Greed Index sits at 70solidly in the Greed zone.
Featured image from Unsplash, chart from TradingView
Read more: https://www.newsbtc.com/altcoin/7-in-sight-analyst-turns-bullish-on-xrps-price-trajectory/
Text source: NewsBTC
