2025-6-19 18:25 |
XRP has been trading within a tight range, but multiple analysts now believe that may soon change. With its price pattern resembling historic formations that preceded a massive rally in 2017, chart watchers are making bold predictions.
Some suggest XRP could climb as much as 1,300% from current levels.
While the market remains indecisive, technical analysts are increasingly highlighting long-term consolidation, trendline breakouts, and repeating fractals as signs of an impending move.
Others, however, caution that a bearish reversal pattern may be forming instead, suggesting price could fall toward the $1.30 level.
XRP triangle pattern aligns with 75% price targetXRP has spent months consolidating in what analysts describe as a symmetrical triangle pattern.
According to a post on Tuesday by Mikybull Crypto, this formation mirrors a similar three-week chart structure that formed in 2017, just before XRP surged over 1,300% to $3.40.
Triangles of this kind are considered neutral but often precede major directional moves.
Analyst XRPunkie has also observed the triangle setup and believes it is on the verge of resolving in favour of bulls. If price breaks out from the triangle’s apex, the potential target sits around $3.70.
That would represent a near 75% gain from XRP’s current price of $2.12.
Source: CoinMarketCap
While symmetrical triangles can resolve in either direction, the bullish momentum shown on longer timeframes appears to be tipping sentiment towards the upside.
Six-year consolidation suggests long-term upside to $10A more long-term analysis from crypto chartist GalaxyBTC points to a multi-year setup that may echo XRP’s breakout from 2017.
The latest chart, shared on 20 May, shows XRP breaking above a descending trendline that’s been in place for years.
This echoes a pattern seen between 2014 and 2017, when the altcoin eventually surged toward its all-time high.
That earlier consolidation phase lasted around 1,267 days. In contrast, the current consolidation has stretched beyond 2,470 days—or nearly seven years—potentially creating even greater energy for a large breakout.
If XRP follows the same trajectory as before, GalaxyBTC believes the price could climb between $8 and $10.
More aggressive projections point even higher. Some analysts, using Fibonacci extensions and factoring in possible ETF inflows, have cited levels between $25 and $27 as longer-term targets.
Analysts divided as bearish pattern signals $1.30 supportNot all forecasts are bullish. A separate analysis suggests XRP’s multimonth chart may be forming an inverse cup-and-handle pattern. This setup is typically viewed as a bearish reversal, often appearing near market tops.
In this case, the pattern shows XRP peaking around $2.90 in March before rolling over. If confirmed, the breakdown from this pattern could push the price down to $1.33.
That level aligns with the 0.382 Fibonacci retracement zone, which previously acted as resistance during XRP’s 2021 correction.
This bearish view adds to market uncertainty, with both bullish and bearish structures playing out simultaneously on different timeframes.
XRP remains locked in a range for nowDespite the conflicting forecasts, XRP remains within a consolidation range, with bulls and bears unable to gain decisive control.
The symmetrical triangle, long-term descending trendline, and potential inverse cup-and-handle all continue to develop.
Analysts are closely monitoring for a breakout or breakdown that could validate either the bullish or bearish thesis. XRP’s next big move may depend on which of these structures plays out first.
In the meantime, the market continues to react to chart patterns and technical signals, as traders weigh whether this is a repeat of 2017, or something entirely different.
The post XRP breakout could mirror 2017: analysts see up to 1,300% upside appeared first on Invezz
origin »Ripple (XRP) на Currencies.ru
|
