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Tag: XRP Price Analysis

  • XRP Enters ‘Washout Zone,’ Then Targets $30, Crypto Analyst Says

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    XRP has entered what Korean Certified Elliott Wave Analyst XForceGlobal (@XForceGlobal) calls a “washout” phase inside a broader Elliott Wave corrective structure, a zone he argues can set the stage for a renewed macro advance, with eventual cycle targets stretching into the $20–$30 region.

    In a Feb. 3 video breakdown, XForceGlobal said the recent pullback does not change his larger framework, but rather pushes XRP deeper into what he described as the “alternative” macro scenario: an expanded flat correction where a prior push to new highs becomes a “fake out” before a final leg lower attempts to flush late buyers.

    “Nothing new here, we’ve been talking about this for quite some time where we have 2 extreme points of interest,” he said. “The B Wave here creating a fake out point at the all time high, and then the current C Wave that we are also in that creates a fake out point below the market structure of this previous low here, that Wave A.”

    XRP May Needs A Final Dump Before $30

    The core of his argument rests on a measured target for Wave C derived from the pivot points of Waves A and B, specifically the 1.618 Fibonacci extension, which he framed less as a mystical level and more as a behavioral marker where corrections turn emotional. In his telling, Wave A is the initial counter-trend move, Wave B is the “overconfidence phase,” and Wave C becomes the forced exit: stop losses, broken conviction, and liquidation pressure.

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    “Basically, it’s a trap and kind of a liquidation structure where Wave A is the first counter trend of the larger trend that we were expecting,” XForceGlobal said. “And then the B Wave is the overconfidence phase and then the C Wave becomes the reality check where everyone who bought the B Wave at the top is now wrong and exiting at the local bottoms because of their stop losses or they just lose confidence in the overall structure of the XRP.”

    He argued that because Wave C is driven by “emotion and not balance,” it tends to resolve as a five-wave decline rather than a three-wave correction, often terminating around the 161.8% extension as selling pressure exhausts. The key, he said, is not that the asset becomes “cheap,” but that sellers run out of ammunition and divergences begin to appear.

    XRP price analysis | Source: X @XForceGlobal

    “The markets will not reverse there because prices are really cheap,” he said. “It reverses because the sellers are exhausted at those levels and usually you’ll see sellers being really exhausted. You’ll start to see some bullish divergences occurring.”

    From a levels perspective, XForceGlobal described a volatile “free for all” zone where bulls and bears battle for a base, pointing to a range he labeled between roughly $1.50 down toward $1.08–$1.09. He suggested that, if the expanded flat thesis holds, that area could evolve into a buy zone, but only after the five-wave move down completes and a reversal sequence provides confirmation.

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    Macro context remains central to his conviction. XForceGlobal pointed to XRP breaking out of a prior multi-year triangle and then rallying roughly 500% as evidence of an objective five-wave advance, followed by corrective structures consistent with an expanded flat setup: a non-impulsive pullback, a B-wave push to an extreme, then a new downside extreme below prior market structure.

    If XRP does complete the corrective leg and transitions into what he frames as a new impulsive cycle, with the classic wave three, wave four, wave five sequence, his roadmap opens higher targets over time. “We got a wave three in the making here, a wave four, and then a wave five that’s pending that could bring us up into that $20 to $25, $30 region that we’re looking for at a later stage,” he said.

    He also flagged $6 as a major level where he expects profit-taking and a reassessment, framing it as part of a broader risk-management approach rather than a single-shot price call.

    At press time, XRP traded at $1.5887.

    XRP price chart
    XRP holds above the 0.618 Fib, 1-week chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • XRP Has One Last Buying Opportunity, Says Analyst: Here’s When

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    XRP may be setting up for a final, cleaner long entry if the broader market delivers one more volatility-driven pullback, according to CryptoinsightUK’s Will Taylor, who says his preferred “risk to reward” zone sits materially below current support. The thesis hinges on whether Bitcoin prints a double-bottom-style retest and drags major alts into deeper liquidity pockets before the next leg higher.

    In his Jan. 10 newsletter, Taylor framed early 2026 as a market caught between two plausible paths: a familiar pullback-and-recover structure that has defined prior Bitcoin dips, or a continuation higher that leaves would-be buyers watching price run away.

    “The question mark for me is whether we do get a wick below this ascending trend line into that double bottom area and then push higher,” he wrote, adding that the setup is crowded. “On the other side of this, it does make you think that everyone is probably looking at the same structure and waiting for something like this to play out.”

    Taylor said he had closed short-term trades during the week, not as a shift in his higher-timeframe view, but as a response to what he described as low-timeframe conditions and event risk. “Today we get the ruling on tariffs in the US. Is that going to provide some volatility?” he asked, pointing to a cluster of geopolitical headlines as potential catalysts that could either produce the pullback he’s watching for—or “deceive people… who are waiting for a pullback, and instead continue higher from here and leave those orders behind.”

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    Taylor’s shorter-term trade framework leans heavily on liquidity positioning, using Ethereum as a key tell for what Bitcoin might do next. He argued ETH “kind of favours the double bottom scenario” because “the amount of liquidity that has built up for ETH down to about $2,600” is heavier below than above on the hourly chart, an imbalance he views as a magnet if the market attempts to rally without first clearing that downside interest.

    One Last Buying Opportunity For XRP?

    That same logic carries into his XRP plan. Taylor said XRP has already “swept the highs of the range first,” forcing a decision point between holding a nearer support band—his “first blue box”—or fading into a deeper demand zone.

    “Now the discussion becomes whether we move into the first blue box as a weaker area of support and hold there… or whether we come back down into the deeper support zone around $1.90 to $1.82 and hold there,” he wrote. “That deeper area is my preferred risk to reward zone for placing long positions, and that is where I will be looking to get back into an XRP long and add to my position if we see that move specifically.”

    XRP price analysis | Source: @Cryptoinsightuk auf X

    He added that the daily RSI on XRP was “close to crossing bearish,” presenting a technical backdrop that, in his view, supports the case for one more washout before trend continuation while stressing it does not alter his higher-timeframe bullish thesis.

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    Taylor then pivoted to a more stimulative medium-term narrative, citing talk of “putting 200 billion into additional mortgage backed security purchases to cut mortgage rates,” along with suggestions of potential stimulus checks and the inflation sensitivity of oil prices.

    “Because of all of this, I think we’re going to see an epic rally. I don’t think people are really expecting the size or the scale of the move that could come,” Taylor wrote. “I believe we’re in the final shakeout period before the market really starts to march higher.” He said he remained “around 95% exposed to the market through spot positions,” framing the decision to close short-term trades as “a capital protection mechanism.”

    His minimum XRP price target is $3.40 and extends to $4.40 based on liquidity in the medium term. Long-term, he says that the argument for the $8-$12 range is still valid, as reported last week.

    XRP liquidity chart
    XRP liquidity chart | Source: @Cryptoinsightuk

    Separate commentary in the newsletter from analyst @thecryptomann1 highlighted what “confirmation” would look like on Bitcoin: a reclaim of roughly $105,000, a push through, and a successful retest. He cited “a huge amount of volume around this region” and alignment with bull market support bands, arguing that regaining them would shift the read from “relief rally” to something more durable.

    He also pointed to USDT dominance sitting on a multi-year trend line but showing weakness, including being “trapped below the 20 EMA” with RSI “below 50” and rolling over conditions that, if they resolve lower, could align with a risk-on breakout in majors.

    At press time, XRP traded at $2.05.

    XRP price chart
    XRP rejected at the 0.382 Fib, 1-week chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Only 1 Week Left As XRP RSI Breakout Sets Up $10 Path, Analyst Predicts

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    XRP is compressing on the weekly chart into a clearly defined post-breakout range, and analyst Maelius (@MaeliusCrypto)argues the next directional clue will come from the RSI, with a breakout “sometime in Q1” that he expects to coincide with higher prices and a push toward $10.

    Maelius’ chart is a 1W XRP/USD view (Bitstamp) with a 50-week EMA overlaid. The market’s most recent regime shift is clear: a sharp vertical expansion carried XRP from a long base into a higher trading band, followed by a multi-week consolidation inside a shaded range.

    Is XRP Set To Explode Within 1 Week?

    That range is anchored by two levels the chart emphasizes. The upper boundary aligns with the prior spike high near $3.33 (the 2018 peak), while the lower boundary sits just above $1.60. At the time of the screenshot, XRP is around $2.124 on the weekly close, placing price just below the 50-week EMA, the most immediate, high-visibility pivot in Maelius’ framing.

    XRP price analysis | Source: X @MaeliusCrypto

    The Elliott labeling casts the current chop as a corrective wave 4 after the impulsive advance. The message is less “trend is broken” and more “trend is pausing.” Maelius added that his “conservative count assumes there is only 1W left,” implying a relatively tight window for the market to resolve the consolidation and transition into wave 5 if momentum confirms.

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    The broader layout of the chart also invites a comparison to 2017: XRP’s first major run off a base, a long mid-cycle breather, and then a second, sharper leg into the ultimate high. In the comparison within the chart, XRP rallied roughly 7,400% in about three months in early 2017, consolidated from May through December, then surged again by roughly 1,500%.

    Today’s sequencing is presented as similar in shape, if not necessarily in magnitude: a strong first leg from roughly November 2024 through January 2025 (roughly +500%), followed by a year-long consolidation into January 2026. In that read, the next major leg higher could be approaching, potentially shallower than the first, with wave 5 serving as the “second push” analogue.

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    The lower panel is a weekly RSI with a descending trendline capping recent peaks. That red down-sloping line is Maelius’ timing trigger: “RSI breaks out sometime in Q1. Price goes higher.” The implication is straightforward. In his framework, momentum needs to break its own compression before price can sustain the next expansion phase.

    Crucially, the chart also carries a higher-degree label that places the current wave 4 within a larger wave III, rather than portraying the next wave 5 as a terminal, cycle-ending move. That aligns with his response when asked whether $10 would be a quarterly “max”: “Sometime in Q1 we should get a breakout, not necessarily a top. Next wave should be towards 10$.”

    If the thesis is working, XRP would be expected to reclaim the 50-week EMA and reassert acceptance back toward the range highs near $3.33, with the RSI trendline break acting as the confirmation event Maelius is watching. If it fails, continued rejection at the EMA and a breakdown through the range floor above $1.60 would keep the wave-4 corrective phase in play and delay the wave-5 path he’s mapped.

    At press time, XRP traded at $2.37.

    XRP price chart
    XRP needs to reclaim the 0.382 Fib, 1-week chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • XRP Still Has A Path To $28 This Cycle, Analyst Says

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    XRP could still reach $28 this cycle under a “non-base-case” scenario driven by an altcoin-heavy rotation, according to CryptoInsightUK analyst Will Taylor, who argued that XRP’s multi-year technical compression leaves room for an outsized move if market structure and sentiment align.

    In his Dec. 27 “Weekly Insight” newsletter, Taylor framed the call inside a broader thesis: that capital chasing breakouts in traditional markets could eventually rotate into crypto, amplifying returns given crypto’s smaller aggregate market cap. Within that setup, XRP is his “core position,” and the token he sees as a primary beneficiary if altcoins capture a larger share of the cycle’s upside.

    Can XRP Still Reach $28 This Cycle?

    Taylor’s XRP outlook is tied to his expectation that total crypto market cap can reach roughly $10 trillion this cycle, a level he characterized as consistent with prior cycle behavior. The more important variable, in his view, is where Bitcoin dominance lands if that scenario plays out.

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    He wrote that dominance could fall into the “35.3 percent and 31.5 percent range,” which would imply Bitcoin at roughly a $3 trillion to $4 trillion market cap in that environment and “leave the door open for around six trillion dollars to flow into altcoins.” That’s the backdrop for his XRP targets: not a claim about XRP alone, but a wager on the size of the altcoin pie if the market turns risk-on.

    Taylor also pointed to a prior discussion with trader Credible Crypto as an example of how high-cycle targets can emerge when liquidity, positioning, and sentiment converge. “My pinned post on X is a conversation with Credible Crypto where he talks about how, for example, XRP could go to $26 if the stars align for a cycle like this,” Taylor wrote. “And right now, it genuinely feels like those stars are starting to align.”

    Taylor disclosed that XRP is the overwhelming majority of his portfolio, a disclosure he flagged as a potential bias. “As you guys know, I am around 90 percent XRP in my portfolio, so I definitely have some bias here,” he wrote, before laying out a profit-taking framework centered on a mid-cycle target zone.

    “I would not be too surprised to see XRP reach a minimum of eight to thirteen dollars,” Taylor wrote. “I have discussed many times that I would be taking a lot of profit in that range, with an outside maximum target of up to around twenty eight dollars.”

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    He tied the higher-end target to a technical read of XRP’s long consolidation and the possibility that an altcoin-led cycle could be larger than many investors expect. Taylor described the $28 level as derived from the “initial breakout from the 2017 to 2018 cycle,” while emphasizing he had deliberately “diminished expectations” versus modeling a more aggressive, multi-leg extension.

    Even so, his risk management plan is explicit about reducing exposure in the $8 to $13 band. “As I have said before, I plan to heavily de leverage between eight and thirteen dollars if we are offered that opportunity,” he wrote. “I will not be selling all of my bags, though, because I do think there is an outside chance that we push higher, potentially toward the twenty eight dollar area.”

    The Argument For XRP

    Taylor’s core claim is that XRP’s structure is different from many large-cap alts because it has, in his view, spent longer in “compression” and is now emerging from it. He argued XRP “has experienced longer compression than most altcoins, has broken out of an eight year trend, and has held previous seven year resistance as support.”

    He also suggested that a favorable US policy narrative could act as an accelerant in a euphoric phase, pointing to “the rhetoric around US companies,” the “US Clarity Act,” and Ripple “remaining based in the US” as factors that could make a higher-end outcome less implausible in a risk-on environment.

    Still, Taylor repeatedly stressed that the $28 figure is not his central expectation. “That being said, and I want to be very clear on this, this is not my primary target,” he wrote. “My primary target is and has been between eight and twelve dollars, potentially stretching to fifteen or sixteen dollars this cycle. The move toward twenty eight dollars is an outside scenario, not a base case.”

    At press time, XRP traded at $1.86.

    XRP hovers below the red zone, 1-week chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • XRP Hits Exact Bull Target as Top Traders Celebrate Perfect Market Call

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    XRP’s market momentum accelerated this week as the cryptocurrency hit a key bullish target identified by a prominent trader, reinforcing growing confidence across the community.

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    The surge comes amid a wave of institutional inflows, multiple ETF launches, expanding utility, and renewed optimism from analysts who believe XRP is entering a powerful new phase of market participation.

    XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview

    Technical Breakout: Bull Flag Target Achieved

    A precise technical call from trader @kriptocumm caught the attention of XRP traders after the asset reached the exact bull flag target he outlined earlier in the week.

    KripTocuM’s analysis, shared on November 22, identified a textbook flag pattern with support at $1.8810 and a breakout requirement above $1.92. Using the pole height of roughly $1.37 added to the breakout point, he calculated a target of $2.1076.

    On November 24, XRP rallied past $2, coming within striking distance of the projected level, before stabilizing near $2.055. Trading volume jumped to $3.85 billion, reflecting heightened market participation and validating the breakout structure.

    Indicators remained tilted bullish, with RSI at 62 and a positive MACD crossover suggesting further upside potential.

    XRP ETF Momentum Pushes Institutional Demand Higher

    XRP’s move arrives during one of its strongest weeks of institutional interest to date. Franklin Templeton’s newly approved spot XRP ETF (XRPZ) debuted on the NYSE with projected first-day volumes of up to $30 million.

    The fund’s aggressive fee-waiver strategy, 0% on the first $5 billion until May 2026, has already drawn investor attention.

    Grayscale also launched its XRP Trust ETF (GXRP) with a temporary 0% fee, expanding access for traditional market participants seeking regulated exposure.

    Both products entered the market as XRP recorded $179.6 million in weekly inflows, sharply contrasting heavy outflows from Bitcoin and Ethereum ETFs. Analysts say this rotation signals a shift toward altcoins with clearer catalysts and strengthening fundamentals.

    Analysts See Expanding Utility and Long-Term Upside

    Growing utility narratives continue to enhance XRP’s appeal. CryptoSensei recently reiterated explosive price projections, conditional on supply constraints, while pointing to rising institutional adoption, expanding treasury use, and new stablecoin-related integrations as key pillars for long-term growth.

    Meanwhile, Ripple’s new Asian banking partnership and ongoing XRPL scalability upgrades are adding further confidence to XRP’s fundamental outlook.

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    With momentum building on both technical and institutional fronts, traders now look toward the next major resistance levels as the market gauges whether XRP can sustain its powerful new trend.

    Cover image from ChatGPT, XRPUSD on Tradingview

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    James Halver

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  • XRP Eyes $5.5, But The Best Entry Is Still Ahead: Analyst

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    XRP is holding firm on the weekly time frame despite the latest market-wide drawdown, according to an Elliott Wave roadmap shared by crypto technician Hov (@HovWaves).

    On Hov’s Bitstamp-based 1W chart, the current candle sits near $2.22 with three days and several hours left to close, and the structure remains nested inside a higher-time-frame impulse that he counts as wave iii completed, wave iv in progress, and a prospective wave v aiming materially higher.

    Is The XRP Bottom In?

    The key reference band for pullbacks is defined by Fibonacci retracements measured from the latest vertical advance. Hov plots the 0.236 retracement at $2.094, the 0.382 at $1.548, the 0.5 at $1.213, and the 0.618 at $0.950.

    XRP price analysis | Source: X @HovWaves

    The price has broken down to the 0.236 neighborhood, probing a turquoise demand box that overlaps the 0.382 ($1.548) on the lower edge. That zone also contains the October 10 liquidity event wick he highlights around $1.58. In his accompanying note, Hov stresses that the last rise from that low has only formed three waves to date, leaving room for “one more small low on the micro before it’s all said and done,” while adding, “I don’t think it takes out the 1.58 low” and that, because of the wick, “we’re likely to see a truncation on this move.”

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    The upside map hinges on two resistance landmarks. First is a boxed supply region overhead that caps out just below a labeled swing marker at “0 (3.41159),” effectively framing $3.41 as the final pivot from the prior leg. More important for confirmation, Hov marks “HTF close above $2.94 is the key.” That $2.94 weekly close is his validation level that would reassert the impulsive trend and unlock a measured extension to his first target.

    That target is explicit on the chart: the next leg’s objective aligns with the −0.236 extension printed at $5.558. A curved projection path from the current area arcs through the retracement box and then accelerates vertically toward the target, annotated with a circled “V” at the terminal portion of the move and a higher-degree “3” on the scale, consistent with an impulse termination at or near the extension.

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    Context from the left side of the chart shows how structurally important the base has been. A broad turquoise accumulation band anchored around the $0.43 handle (labeled “1 (0.43128)”) held price throughout 2023–2024, preceding the breakout that staged the current impulse.

    Above that, a second, higher turquoise band spans the 2021 reaction zone and now acts as the battleground for the present consolidation beneath $3.41. A visible-range profile overlay inside the consolidation rectangle shows the heaviest traded activity toward the left ridge of the range, underscoring why weekly closes above $2.94 would be decisive.

    Hov’s bottom line on X mirrors the chart. “XRP holding up exceptionally well on this market wide sell off,” he wrote, noting the coin remains “still up 40% off our level (threaded).” While he allows for a final marginal low—without undercutting $1.58—his roadmap retains a “first target” near $5.5, with the caveat that a “HTF close above $2.94 is the key.”

    At press time, XRP traded at $2.18.

    XRP price
    XRP hovers above key support zone, 1-day chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • XRP Price Correction Is Far From Over: Bearish Divergence Signals Potential Revisit To $2.05

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    Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

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    Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

    One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

    Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

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    Ronaldo Marquez

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  • 84% Of XRP Sell Pressure Comes From Korea As $2 Looms, Analyst Warns

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    XRP’s latest downswing has dragged price into a cluster of long-term volume and mean-reversion levels, with one prominent market technician flagging Korea as the epicenter of near-term spot selling.

    XRP Faces Crucial Support

    In charts shared over the past 24 hours, trader Dom (@traderview2) said XRP has “reached the 12M rVWAP for the first time this year,” adding that it “really isn’t a level we want to be trading under for awhile.” He warned that if bulls lose that 12-month rolling VWAP, “we are looking at the range low of $2 as the next area of interest,” whereas a swift recovery would require “$2.50 [to] regain to get out of danger area.”

    XRP 12-month rVWAP | Source: X @traderview2

    Dom also pointed to order-book composition: “Spot orderbooks are skewed towards bids right now which is positive, but snapping the local low will likely send us back to $2 where the rest of the bids sit.”

    Spot orderbooks
    Spot orderbooks | Source: X @traderview2

    Dom’s VWAP-suite chart places spot price pressing directly into the 12-month rolling VWAP ribbon after failing to sustain above the prior distribution shelf, a configuration that often separates trending from mean-reverting phases. Testing this line for the first time this year is notable because multi-month rVWAPs act as dynamic fair-value proxies; sustained closes below them historically coincide with further probing of high-volume nodes beneath.

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    Korea Dictates The XRP Price Move Once Again

    The geographic concentration of selling has amplified the risk of a deeper tag of that range. Dom said the bulk of the spot pressure was exchange-specific: “They do NOT look happy over there in Korean… 84% of all the spot sell pressure over the last 2 days has came from Upbit.”

    A cumulative volume delta (CVD) breakdown by exchange corroborates the outsized role of the Korean venue, with Upbit’s CVD line deeply negative while Binance, Coinbase, Bybit, OKX, Kraken and Bitstamp hover comparatively flat near the zero line. In practical terms, that mix indicates real-coin distribution flowed predominantly through the KRW corridor even as other USD- and USDT-based venues showed less aggressive net selling.

    XRP spot Cumulative Volume Data
    XRP spot Cumulative Volume Data | Source: X @traderview2

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    A separate high-timeframe chart from IncomeSharks frames the downside magnet with simple clarity. The analyst posted a daily XRP/USD view with a broad demand zone centered just under $2.00 and commented: “XRP — If you missed it under $2 you’ll probably have a chance to bid it again.”

    XRP price analysis
    XRP price analysis | Source: X @IncomeSharks

    The chart highlights how the late-summer impulse failed to retake overhead resistance and how subsequent lower highs left a clean air pocket toward the December–March value area that begins around the psychologically dense $2.00 handle. The analyst expects a retracement as low as $1.80-$1.70 if the psychological important $2 mark doesn’t hold.

    At press time, XRP traded at $2.21.

    XRP price
    XRP falls below the 0.382 Fib, 1-day chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Is The XRP Bottom In? Top Crypto Analyst Turns Ultra-Bullish

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    Credible Crypto, a widely followed market technician with 479,900 followers on X, turned decisively upbeat on XRP in an October 15 video, arguing that the token’s high-time-frame structure “still looks absolutely freaking fantastic” despite “the most devastating and most significant liquidation event in the history of crypto.” He framed last Friday’s cross-market crash—“around 10 times more than the FTX collapse”—as a bottom-forming anomaly and said XRP’s key support held on closing bases, keeping his double-digit price outlook intact.

    XRP Targets Double-Digits

    The analyst’s core claim is straightforward: the violent wick to fresh lows across many venues did not invalidate XRP’s high-time-frame uptrend. He points to a monthly demand band at roughly $2.00–$2.40, noting that even after the flash-liquidity cascade “we did not get any 4-hourly closes below $2.30,” and that the deeper prints to $1.17 on some exchanges were byproducts of forced liquidations rather than organic selling.

    “Ultimately on the high time frames once again it looks fantastic,” he said, adding that XRP’s prior five-wave advance began at ~$0.49; as long as price holds above the origin of that impulse, he views the recent selloff as a mid-cycle correction, not a cycle top. In his words: “This is not the end of the bull run for XRP… we have much higher to go.”

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    He lays out clear tactical markers. On the USD pair, the first meaningful supply band sits around $2.70–$3.11; acceptance above that region would suggest the next impulse has begun. On relative pairs, he highlights a now-familiar horizontal he calls “Gandalf’s grave” on XRP/BTC—a prior multi-touch resistance that recently flipped to support and was respected on hourly closes even during the crash.

    The path forward, in his telling, splits into two equally plausible tracks. In the first, Bitcoin runs hot toward $130–$150k in a parabolic extension while XRP chops sideways; that rotational dynamic would push XRP/BTC lower toward a deeper, high-time-frame demand zone even as XRP/USD holds a higher base above ~$1.90–$2.30.

    XRP/USD analysis | Source: X @CredibleCrypto

    In the second, XRP stabilizes here and rips sooner, with XRP/BTC launching directly and “the minimum move… a 50% move up against Bitcoin,” which would place XRP/USD at new all-time highs. He cautions that a drift lower on XRP/BTC would be a feature, not a bug: “If you’re not fully loaded on XRP, that is when you should get fully loaded,” he said.

    XRP/BTC analysis
    XRP/BTC analysis | Source: X @CredibleCrypto

    Crucially, Credible Crypto ties the XRP roadmap to Ethereum’s next leg. He argues ETH showed “one of the cleanest impulsive movements” in years—a full five-wave advance from ~$2,000 to ~$4,700—then sketched two scenarios.

    In scenario one (the more aggressive), that $2,000–$4,700 move is wave one of a much larger sequence to $10,000+, with the current drawdown constituting wave two before a $5k–$6k expansion leg.

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    In scenario two (less aggressive), ETH is missing a final wave-five push to new highs just above $5k, and then would undergo a broader, deeper wave-two correction. He even provides a hard invalidation for scenario two: if ETH fell to ~$2,700–$2,800, the overlap with wave-one territory would scrap it, implicitly favoring scenario one. Either way, he says, “sub-$2,000 Ethereum is likely gone for the rest of the cycle.”

    XRP/ETH analysis
    XRP/ETH analysis | Source: X @CredibleCrypto

    Why does this matter for XRP? Because if ETH makes a clean run to and through $5k first, XRP/ETH likely bleeds into a deeper green demand band before reversing—timing that would map to XRP/USD basing while the ETH leg completes. He sees that as constructive signal, not weakness: a final dip in XRP/ETH toward higher-time-frame demand would “tell us when we may be seeing good risk-reward opportunity for long trades on XRPUSD,” and the longer the base, “the greater the expansion.”

    Credible Crypto’s playbook for confirmation is explicit. On XRP/USD, watch for an impulsive five-wave thrust off the lows and for clean acceptance above $2.70–$3.11. On XRP/BTC, either a swift reversal from the “Gandalf’s grave” retest or a controlled bleed into a deeper, pre-identified demand block that would time a stronger USD-denominated breakout later. On XRP/ETH, a drift to the green demand area would likely coincide with ETH’s final push past $5k, after which he expects the cross to reverse hard in XRP’s favor.

    At press time, XRP traded at $2.42.

    XRP price
    XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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  • Everyone’s Wrong About XRP: Here’s Why, Says Top Analyst

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    Top crypto commentator CryptoinsightUK argues that market consensus has misread the setup for XRP and altcoins, contending that sentiment, liquidity positioning, and cross-asset relationships point to an imminent phase in which XRP could outperform even a resurgent ETH.

    In his latest Weekly Insight (Week 161, Sept. 27, 2025), the analyst opens with a blunt reset of stance: “I am bullish.” He acknowledges the psychological toll of recent chop and public pushback—“I am getting pushback from all sides for staying bullish… But I also do not really care”—yet he frames the current drawdown as the kind of fear-laced inflection that historically precedes a trend resumption higher.

    Why Is Everyone Wrong About XRP?

    The note situates the call against a noisy backdrop. He cites well-followed traders who either called a top or de-risked into weakness, and the victory laps of dominance-maxi voices after a bounce in Bitcoin dominance. The riposte is data-driven: sentiment gauges near “fear” readings of 40 or below, a zone that has repeatedly coincided with local lows or pre-reversal conditions. While he concedes that “we could see a slight further correction,” the weight of evidence, he argues, skews to upside.

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    A key pillar is liquidity mapping. On Bitcoin, he highlights sizeable resting liquidity around $106,000—a pool that has persisted since mid-July and remains uncollected despite spot advances as high as $123,000. “I would expect this 106k area of liquidity to be taken, maybe even down to 104k with a wick,” he writes, emphasizing that a tag into that zone would not invalidate the higher-timeframe bull structure.

    Bitcoin liquidity | Source: @CryptoinsightUK

    Crucially, he says, the “largest amount of liquidity ever” sits above price, implying that if a major top were in, “market makers… would [not] allow that much liquidity to remain untouched.” By contrast, lower-side liquidity down around $70,000 is drying up, suggesting reduced gravitational pull to the downside as stale longs and shorts have been flushed or realized.

    That skew, he says, is even more pronounced across majors and large-cap alts. On daily time frames for ETH, Cardano, XRP, and SUI, “significant liquidity” has rebuilt above spot, while “minor” pockets remain below—an asymmetry that makes precise dip-buy levels hard to pre-declare yet keeps the “ultimate outcome” biased to a leg higher.

    The timing cue rests on two oscillators that often mark rotation windows: ETH is now as oversold on the 4-hour as it was at the exact cycle bottom around $1,400—a setup not seen again during its run toward $5,000—while Bitcoin Dominance (BTC.D) has reached overbought on the 4-hour. “The last three times this happened, it marked either a local high, the exact high, or came just before a larger drawdown in Bitcoin Dominance,” he notes.

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    On the weekly, he expects the structural outcome to be an acceleration lower in dominance later in the cycle, and he leaves open whether that moment is now. The mosaic—ETH deeply oversold, BTC.D heavily overbought, liquidity stacked above alts—supports his conclusion that “very soon it is likely to be the altcoin show.”

    Bitcoin dominance
    Bitcoin dominance | Source: @CryptoinsightUK

    Within that rotation, XRP vs. ETH is his sharpest edge. On the 4-hour XRP/ETH chart, he sees a local bottom structure—“a series of lows, higher lows, and higher highs”—with a trigger level at 0.00071 ETH per XRP: “We are looking for closes above the 0.00071 level, and the larger the timeframe of the close above that level, the greater the likelihood of reversal.”

    XRP vs. ETH
    XRP vs. ETH | Source: @CryptoinsightUK

    On the weekly XRP/ETH, he sketches two Elliott-wave roadmaps: a conservative five-wave path back to the prior highs against ETH, and a higher-beta alternative that starts from the candle structure shift and implies “exponential growth” in relative terms this cycle. The combined thesis is explicit: “ETH looks poised to perform well… [and] XRP looks ready to outperform ETH on top of that. Use your imagination for what could happen if those two things play out together.”

    At press time, XRP traded at $2.86.

    XRP price
    XRP price, 1-day chart | Source: XRPUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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  • XRP Confirms Bullish Reversal: Analyst Forecasts ‘God Candles’

    XRP Confirms Bullish Reversal: Analyst Forecasts ‘God Candles’

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    Crypto analyst Dark Defender has shared an extremely bullish technical analysis on XRP via X, suggesting a bullish reversal and the possibility of “God Candles.” The analysis uses a variety of technical indicators and chart patterns to project an optimistic outlook for XRP.

    XRP Price Poised For ‘God Candles’?

    The core of Dark Defender’s (@DefendDark) analysis is focused at two indicators which suggest a change of trend. The first one is the breakout above a descending trendline. This move is critical as it means that XRP eliminated its first key resistance and suggests a potential reversal from the downward trend which started in mid-March. It is particularly noteworthy as it indicates a shift in market sentiment from bearish to bullish.

    XRP technical price analysis | Source: X @DefendDark

    Supporting this trend reversal is the Fisher Transform indicator, which is crucial for identifying major price reversals. The Fisher Transform uses price data to produce a Gaussian normal distribution to signal potential changes in market direction. 

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    On the weekly chart, a ‘Golden Cross’ is visible where the faster line of the Fisher Transform crosses above the slower line, typically a bullish signal in market analysis. This event is essential as it provides confirmation of the trend reversal signaled by the breakout from the descending trendline.

    “Ladies & gentlemen, XRP had the highly bullish Reversal approval for the Fisher Indicator weekly. Initial resistance instantly broke at $0.4623!” the crypto analyst remarked. 

    However, it’s important to note that the digital asset is still navigating below the Ichimoku Cloud, indicating that resistance still lies ahead. The Ichimoku Cloud is a comprehensive indicator that provides insight into the momentum and future areas of support and resistance. 

    Related Reading

    While the breakout from the descending trendline and the bullish Fisher Transform signal are promising, the price remaining below the Cloud suggests that XRP has yet to clear all hurdles and establish a stronger bullish presence.

    Additionally, the chart also details several key Fibonacci levels that are critical for understanding the next potential resistance and support zones. After breaking the initial resistance at $0.4623, XRP is currently testing the interim Fibonacci level at $0.5286. Dark Defender emphasizes the significance of the price closing above this level to sustain the bullish momentum: “Our interim Fibonacci Level, $0.5286, is being tested. It would be great to close this week’s candle above $0.53.”

    Notably, the XRP price didn’t manage to close the week above this price. Despite that, XRP is currently continuing the upward trend, trading above $0.53 today. The next resistance point to level is at $0.6044. Surpassing this level could lead to the creation of multiple “God Candles,” suggesting a rapid and sustained increase in price.

    Dark Defender remarked, “Next week, we will test the secondary mid-level resistance of $0.6044. It’s crucial not to underestimate the master fundamental level for XRP, which is $0.6649. Above it, we can expect multiple God Candles, which will open the path to Heaven’s Stairway.”

    At press time, XRP traded at $0.53494.

    XRP price
    XRP reclaims the 200-day EMA, 1-week chart | Source: XRPUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

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  • XRP Set For Massive Rally: Analyst Points To Ultra Rare Signal

    XRP Set For Massive Rally: Analyst Points To Ultra Rare Signal

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    The latest chart analysis by crypto analyst @Cryptobilbuwoo0, published via X, offers a compelling narrative for XRP’s potential upward trajectory when juxtaposed against the total cryptocurrency market capitalization. The analyst emphasizes key technical indicators and historical patterns, suggesting that XRP might be on the brink of a significant bullish phase.

    XRP Price Poised To “Bounce”

    The XRP/Total chart primarily illustrates a descending trajectory that began forming from its early 2018 peak. This overarching downtrend is marked by successive lower highs that articulate a consistent descending trendline.

    Moreover, @Cryptobilbuwoo0 highlights the ‘Bounce Back Line,’ a horizontal support line that has historically acted as a crucial reversal point for the XRP price action. The chart shows several instances where the price of XRP, upon reaching this line, has rebounded dramatically.

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    The last instance of XRP interacting with the “Bounce Back Line” was on December 28, 2020. Following this touchpoint, the price soared over 1,100%, climbing from $0.18 to $2. Earlier, on February 27, 2017, XRP escalated from just under $0.02 to $3.35 within 10 months. Currently, XRP is once again nearing the “Bounce Back Line.” Given the historic outcomes following support from this level, the analyst predicts another significant rally may be on the horizon.

    XRP price analysis | Source: X @Cryptobilbuwoo0

    The chart analysis further deepens with a nuanced look at the Relative Strength Index (RSI) and the Wavetrend Indicator (WT Krypt), which are pivotal to understanding the market’s momentum and potential reversals. The 14-day RSI is currently nearing 31, approaching the oversold territory which historically signals a buying opportunity or a trend reversal. This is evident in the past markings on the chart, where similar RSI levels have coincided with the “Bounce Back Line” and substantial upward price movements.

    The Wavetrend Indicator, used for spotting the start and end of cycles in the cryptocurrency’s price, has shown several bullish signs. Bullish divergences have been a critical focus, occurring when the price of XRP makes new lows while the indicator does not follow suit, suggesting a decrease in downward momentum. Moreover, the recent crossover of the Wavetrend lines (red crossing over blue) is typically interpreted as a bullish entry signal, indicating potential upward price movement.

    Related Reading

    In addition to the primary indicators, the analyst has annotated the chart with past price actions and highlighted areas and patterns, such as bullish divergences. These annotations serve to emphasize significant trading zones and anticipated trend shifts based on historical data. The marked sections of the chart indicate that each time similar conditions were met, there followed a significant increase in the XRP price, reinforcing the bullish outlook presented in the current analysis.

    @Cryptobilbuwoo0’s analysis suggests that XRP, currently positioned at a historically significant price level and supported by bullish indicator signals, is poised for a potential breakout. This outlook is bolstered by the RSI nearing oversold conditions and the positive signals from the Wavetrend Indicator. If the historical pattern repeats, the crypto asset could see a substantial rally, affirming the analyst’s perspective:

    Looking at the XRP/Total chart, XRP has always risen significantly from the rebound line. Indicators are also calling the bulls. XRP always moves alone like a maverick. XRP’s showtime begins.

    At press time, XRP traded at $0.49.

    XRP price
    XRP price, 1-week chart | Source: XRPUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

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  • Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million

    Exploit Causes XRP Price Crash: Ripple Co-founder Discloses Losses Of $113 Million

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    XRP experienced a significant price drop early Wednesday amidst rumors of a potential exploit. The XRP price dropped more than 4% to $0.4853 but later recovered to $0.500 following a clarification from one of Ripple’s co-founders.

    Personal XRP Accounts Impacted, Not Ripple’s

    Initial reports suggested that Ripple had suffered a significant security breach, which was brought to light by decentralized finance (DeFi) investigator ZachXBT. These reports raised concerns about the overall security of the Ripple protocol.

    According to investigations, the breach resulted in the theft of more than 213 million XRP tokens, valued at over $112 million. The stolen funds were reportedly laundered through cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC.

    However, Ripple co-founder Chris Larsen took to X (formerly Twitter) to clarify the situation. In a recent post, Larsen stated: 

    Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.

    XRP Price Analysis

    Despite the recent security concerns, XRP is trading at $0.5085, marking a 3.4% decrease in the past 24 hours. However, beyond the Ripple co-founder’s personal account exploit, the XRP price has experienced a significant decline over the past month.

    Over the last seven days, the token has seen a minor 1.3% drop. The decline has deepened in the previous fourteen days with a 10% decrease. This is more problematic for XRP enthusiasts because the price has lost significant ground over the past 30 days, with an 18% dip.

    Nevertheless, XRP bull and crypto analyst EGRAG Crypto provides an intriguing price analysis that could potentially encourage investors toward a price recovery if the token manages to hold and consolidate above the $0.500 level.

    XRP price targets are based on the Elliott Wave theory. Source: EGRAG Crypto on X

    According to EGRAG, a handful of chart analysts have noted that after wave 1 of the Elliott Wave theory, wave 2 could retrace up to 90% of wave 1. The initial targets of $0.85 to $1 were successfully reached during the July pump, with the price reaching around $0.93 after Ripple’s partial victory against the SEC in its ongoing legal battle over XRP classification.

    Currently, EGRAG suggests that a “wicking event” down to $0.41 is possible, considering a 10%-15% fluctuation due to the volatile nature of the crypto markets.

    However, the analyst points out that the upside lies in the upcoming Wave 3, which is influenced by Wave 1 and typically has a ratio of 1.618 compared to Wave 1.

    If all of this plays out, EGRAG ultimately sees the next short-term target for XRP being the all-time high (ATH) at $5. If the original wave count is adjusted, the range could be between $2.2 and $2.8.

    XRP price
    The daily chart shows XRP’s price trading above $0.500. Source: XRPUSDT on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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  • Key Requirements For Spot XRP ETF Approval Revealed Amidst 4500% Price Surge Target

    Key Requirements For Spot XRP ETF Approval Revealed Amidst 4500% Price Surge Target

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    Following Bitcoin’s spot exchange-traded fund (ETF) approval on January 11, market speculation has grown around the possibility of similar investment vehicles for major cryptocurrencies, including a spot XRP ETF. However, certain requirements and regulatory considerations must be met before such a development can occur.

    Regulatory Prerequisites For Spot XRP ETF

    FOX reporter Eleanor Terret clarifies the matter, stating that launching an XRP spot ETF would first require the establishment of a futures ETF

    In the case of Bitcoin, the approval of spot ETFs was conditional upon the Securities and Exchange Commission (SEC) concluding that the Chicago Mercantile Exchange (CME) Bitcoin futures market provided sufficient surveillance against fraud and manipulation. 

    Terret suggests that for XRP to have a spot ETF, a futures ETF must first be established, marking a step in the right direction.

    Bloomberg ETF expert James Seyffart shares a similar sentiment, stating that he does not anticipate an XRP ETF launching this year. Seyffart cites the ongoing SEC case against Ripple as a factor influencing his stance, suggesting that an XRP ETF is more likely to emerge once the regulatory matter is resolved. 

    Seyffart adds that XRP futures trading on a regulated platform like the Chicago Mercantile Exchange would be a prerequisite for the SEC to consider any applications for a spot XRP ETF. Seyffart hints that an XRP futures ETF could also be advantageous in this context.

    The SEC has maintained a cautious approach towards spot ETFs involving crypto assets due to concerns about potential market manipulation. Seyffart emphasizes that the availability of XRP futures trading on a regulated platform, such as the CME, would provide a favorable framework for the SEC’s consideration of a spot XRP ETF, especially given previous court rulings highlighting the correlation between futures and spot markets.

    Amidst the ongoing speculation, blockchain firm Ripple seems to be preparing for potential involvement in the ETF space. 

    A recent job advertisement posted on Ripple’s website reveals their search for a Senior Manager in business Development, with a focus on institutional decentralized finance (DeFi). The role includes spearheading cryptocurrency-related ETF initiatives with internal trading teams and relevant partners.

    XRP’s Future Potential – From $0.5299 To $27?

    Crypto market analyst EGRAG crypto has conducted a comprehensive price analysis of the XRP token. Despite peaking in 2023, when the price reached a high of $0.9376 on July 13, the token has retraced more than 15% since the start of 2024 to a current trading price of $0.5299.

    However, according to EGRAG, the 21 Exponential Moving Average (EMA) on the monthly time frame is a significant indicator for assessing XRP’s price movement. 

    The analysis focuses on three price levels: $3.5, $6.5, and $27. Based on previous instances (labeled A, B, and C), EGRAG extrapolates potential future price movements using the same percentage increases observed in the past.

    XRP’s price targets are based on historical patterns. Source: EGRAG Crypto on X

    The first potential scenario is a significant price surge to $27, representing a massive 4500% increase. This prediction is based on a similar percentage move observed in the past (from previous instance A), seen in the chart above. 

    The second scenario suggests a more conservative projection, with XRP potentially experiencing a solid 1000% increase to $6.5. This projection is based on historical patterns observed in previous instance B. 

    In the third scenario, EGRAG anticipates a significant 500% rise in XRP’s price, reaching $3.5. Based on previous instance C, this projection indicates a significant upward movement for the token. 

    Whether the XRP token can successfully surpass the upper resistance levels that have impeded its rise to the $0.600 mark since late December remains to be seen. 

    Additionally, the market eagerly awaits a catalyst that could prompt a breakthrough in XRP’s seven-month downtrend structure, potentially resulting in a price surge above $0.700.

    XRP ETF
    The daily chart shows XRP’s downtrend. Source: XRPUSDT on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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  • XRP Price Outlook: Expert Forecasts Potential Rise To $5.5

    XRP Price Outlook: Expert Forecasts Potential Rise To $5.5

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    In the evolving cryptocurrency market, XRP, currently ranked as the fifth largest digital asset, has recently exhibited a modest price increase compared to its major counterparts. 

    However, when examining XRP’s performance across various time frames, the token has reported significant gains. Nonetheless, it is worth noting that XRP is currently trading well below its yearly high, in contrast to its peers who have achieved and surpassed new highs in 2023 during the recent bullish surge.

    Impending XRP Price Breakout?

    Prominent industry expert using the pseudonym “Crypto Insight” on the X platform (formerly known as Twitter) shared an intriguing update with his over 20,000 followers, signaling an impending XRP blastoff.

    According to Crypto Insight, it becomes apparent that XRP tends to lag behind the price action of Bitcoin (BTC), the leading cryptocurrency. However, there are indications that XRP breakouts are gradually converging with the movements of BTC.

    Analyzing historical data, Crypto Insight highlights that the time taken for XRP to experience significant breakouts has been decreasing over time. 

    The first major breakout took approximately 22 days, while the most recent pump occurred within a shorter time frame of 13 days. If this trend of closing the gap between XRP and BTC continues, it suggests a potential breakout date around November 15th.

    Additionally, XRP has undergone a cooling-off period in the 4-hour time frame, implying that there might be further room for a downside correction before a reversal to the upside occurs.

    Crypto Analyst Targets $5.5

    Crypto analyst Egrag Crypto has recently unveiled a noteworthy forecast for XRP, centering around the Multi-Year Ascending Triangle (MYAT) pattern, which holds significant implications for XRP’s price movements.

    XRP’s MYAT pattern. Source: Egrag Crypto on X.

    According to Egrag’s analysis, The MYAT pattern indicates that XRP experienced a breakout above the Symmetrical Triangle after reaching the 70% completion mark, which aligns with the timeline of July on the chart. 

    The surge in price to $0.93 and the subsequent retest at the breakout point are seen as part of a standard retest process, indicating potential strength in the upward momentum.

    Looking ahead, Egarg Crypto highlights several key projections for XRP:

    1. XRP appears to be poised to reach a target of $1.3, as indicated by the Blue Ascending Triangle on the chart. This level represents a significant milestone that XRP could potentially achieve in the near future.
    2. The next notable move for XRP could potentially propel it to $5.5. However, it is important to note that at this price level, a considerable selloff by retail investors is anticipated, according to Egrag. 
    3. Building upon the larger symmetrical triangle pattern, Egarg Crypto suggests that XRP could see a remarkable 500% price increase in the future, indicating the potential for a substantial pump. 
    XRP Price
    XRP’s consolidation above $0.600 on the daily chart. Source: XRPUSDT on TradingView.com

    Currently, XRP is grappling with the challenge of establishing consolidation above the crucial $0.600 level, which holds significant implications for the cryptocurrency’s future price uptrend and overall prospects. In the past 30 days, XRP has recorded a gain of 35%. 

    However, the sustainability of this price action for the anticipated second leg up in November remains uncertain.

    Featured image from Shutterstock, chart from TradingView.com 

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  • Crypto Analyst Says XRP Price Has Entered Markup Phase, Why This Is Important

    Crypto Analyst Says XRP Price Has Entered Markup Phase, Why This Is Important

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    The XRP price is still in an incredibly bullish position despite the recent pullback and the general sentiment in the community matches this bullishness. One crypto analyst explains the current trend as the altcoin having entered what is referred to as a “markup phase.”

    XRP Price Leaves Accumulation To Markup Phase

    Crypto analyst and trade The Signalyst took to TradingView to share an interesting phase that the XRP price had entered. Using a chart, the crypto analyst outlined where the altcoin’s price had been in the past, where it is now, and where it is headed using distinct terms.

    The first phase outlined in the chart is the markdown phase which took place after the price surge following Ripple’s first victory over the United States Securities and Exchange Commission (SEC) in July. This markdown phase saw the price go from as high as $0.9 to as low as $0.45 when all was said and done.

    What came after the markdown phase was complete was the accumulation phase. Here, the XRP price traded in a pretty tight range, offering an opportunity for investors to buy as many coins as possible. During this phase, the price never crossed above $0.55.

    Source: TradingView.com

    Next came the markup phase which is where the XRP price is currently residing. This markup phase is when the price starts to recover. “After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase,” the analyst said.

    This markup phase is important in the fact that it possesses the strength for the XRP price to continue to grow. However, like with any rally, it faces a good measure of resistance from bears who continue to try to pull the price down.

    XRP price chart from Tradingview.com (Markup phase)
    XRP recovers above $0.68 | Source: XRPUSD on Tradingview.com

    The most important level for bulls to break in this markup phase, according to the analyst, is $0.7345, from which the price has already been rejected once on Monday. The Signalyst believes that if this level is broken, then bulls can maintain control of the price. The chart suggests a rise as high as $0.8 following a break of this resistance; an event that would cement XRP’s bull rally.

    “Meanwhile, XRP could still face rejection at the resistance, which can be confirmed on lower timeframes,” the analyst warned. “In this scenario, a correction towards the 0.55 support level would be anticipated.”

    Despite the drawdown, the XRP price is still showing bullishness and a high level of interest from investors. Its daily trading volume is up 32% in the last day, breaking above $3.3 billion. Its price is currently sitting at $0.69, up 1.63% and 21% on the daily and weekly charts, respectively.

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  • Near-Term XRP Price Rally Of 270% Is Imminent: Crypto Analyst

    Near-Term XRP Price Rally Of 270% Is Imminent: Crypto Analyst

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    The XRP price has seen a strong uptrend in recent days, demanding attention from investors and analysts alike. According to crypto analyst Dark Defender, XRP has surpassed the short-term price target of $0.66, a bullish signal for the digital asset’s trajectory.

    “We set $0.66 as a very short-term target, and now it’s broken in the 4-hour time frame. Congrats, who believed in it,” tweeted Dark Defender.

    The Next Near-Term XRP Price Target

    The analyst highlights the necessity for XRP to maintain its stance above this level to confirm its bullish trend. “We need to stay above this level today as well. The daily time frame indicates we are oversold, so there might be back-tests to $0.66 daily,” Dark Defender added, hinting that a corrective move could be imminent.

    Remarkably, Dark Defender’s not solely confined to daily movements; the analyst provided a comprehensive bullish outlook across various time frames. “Daily Time Frame, Bullish; Weekly Time Frame, Bullish; Monthly Time Frame Bullish,” stated Dark Defender, reaffirming a strong uptrend sentiment after several months of anticipation.

    In terms of future price predictions, the crypto specialist sees a 270% rally to $1.88 as the next short-term target, but not before a crucial condition is met: “We must observe XRP close above $0.6649 first, a prerequisite for a crucial Fibonacci Level of $1.88.”

    Fibonacci levels are often used in trading to identify potential levels of support and resistance, and the $1.88 mark is highlighted as a significant Fibonacci level equivalent in strength to the $0.66 threshold. On the way up, Dark Defender sets $1.05 and $1.33 as further targets, although these are considered less challenging than the $0.66 level.

    Long-Term Price Targets

    The realignment of focus will shift to $5.8563 once the $1.8815 level is breached. “Whenever I see $1.8815 is broken, then we can set $5.8563” as the next target, the analyst explains, setting an ambitious but calculated path for XRP’s potential growth.

    XRP price analysis | Source: X @DefendDark

    The chart shared by Dark Defender showcases the XRP price targets, illustrating a well-defined Elliott Wave pattern, a technical analysis tool that predicts future price movements by identifying crowd psychology that manifests in waves. This method hinges on the notion that market prices unfold in specific patterns, which Dark Defender has applied to the XRP price chart.

    The chart indicates that XRP is currently in an Elliott Wave pattern, a structure that consists of impulse and corrective waves. The impulse waves, labeled as 1, 3, and 5, move in the direction of the trend, while the corrective waves, labeled 2 and 4, move against it. Dark Defender’s analysis suggests that XRP completed its wave 1 and wave 2, with wave 1 characterized by a sharp increase in price and wave 2 marking a retracement.

    Wave 3, which is often the longest and most dynamic, has targets set by the analyst using Fibonacci extension levels. This is where we see the recent break above $0.66, marking the potential start of wave 3. The 1.618 Fibonacci extension level provides the next target for this wave at $1.88. However, Dark Defender’s ultimate target for wave 3 is above the 2.618 Fibonacci extension level at $5.88.

    As for wave 4, Dark Defender expects a slight corrective wave, which will likely see the price retrace from the highs of wave 3, but not below $3.5. Finally, wave 5 is anticipated to push the price up again, completing the Elliott Wave cycle. If the prediction of the analyst holds true, the XRP price sets a bold long-term target of $18.22 for the completion of wave 5, which would represent a substantial increase of more than 2,500% from the current levels.

    At press time, XRP trade at $0.6933.

    XRP price
    XRP price, 1-day chart | Source: XRPUSD on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com

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    Jake Simmons

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