XRP is once again the focus of bullish predictions as multiple analysts anticipate a price surge ranging from $7 to $15. This comes as the broader cryptocurrency market gains renewed momentum, driven by Bitcoin’s recovery above the $100,000 mark.
XRP in Parabolic Phase
Market analyst Mags, known for his scalping expertise, suggests that XRP is currently in the parabolic phase of its price cycle. According to Mags, XRP’s recent consolidation at the $2 level mirrors its 2017 pattern when the asset rallied from $0.0055 to $0.3988 before undergoing a six-month consolidation. Following that consolidation, XRP exploded to $3.4 in what he termed a blow-off top pattern. Now, Mags sees XRP repeating this cycle, potentially hitting $7.3 in the near term, representing a 202% gain from the current price of $2.41.
$XRP is going to $7
— Mags (@thescalpingpro) May 10, 2025
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
Symmetrical Triangle Breakout Could Propel XRP to $15
Meanwhile, Ali Martinez offers a more ambitious target, projecting a rise to $15. Martinez’s analysis is based on a multi-year symmetrical triangle breakout that formed between January 2018 and November 2024. The breakout above the $2 mark in November 2024 has been followed by consolidation, with Martinez suggesting that the next leg up could send XRP soaring 522% to $15.
RSI Explosion Points to Potential Rally
Additionally, the analyst behind Crypto Crew University has highlighted a potential RSI explosion similar to those observed in 2017 and 2021. According to his analysis, XRP’s monthly RSI recently crossed above 65, a signal that preceded massive upsurges in previous cycles. If this pattern repeats, XRP could be on the brink of a significant rally.
With market sentiment turning increasingly bullish and technical patterns aligning, the stage may be set for XRP to target new price peaks. However, the crypto asset remains in a consolidation phase, and a definitive breakout above key resistance levels will be crucial in validating these bullish projections.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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