Analyst Who Called XRP Rally From $0.5, Foresees A Rocket Rally to $15

Market analysts increasingly point to significant upside potential for XRP, projecting price targets between $7 and $15 based on technical indicators and historical patterns. The predictions follow renewed momentum in the broader cryptocurrency market, driven by Bitcoin’s recent surge above $100,000. XRP has participated in this recovery, trading around $2.40 as of the latest data and attempting to consolidate within the higher end of the $2 range . Several analysts believe this consolidation could precede a major breakout, with historical precedents and chart patterns indicating further gains. Technical Patterns Supporting the $7 Target One of the more prominent voices supporting a bullish outlook for XRP is market analyst Mags. He previously forecasted XRP’s rally from below $0.50, a prediction that materialized as the asset gained nearly 600% between November 2024 and January 2025. That surge took XRP to a peak of $3.4 before a correction drove it into a consolidation phase near $2, where it has remained since February. $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 argues that XRP’s current pattern is similar to its price structure from 2017 to 2018. According to his analysis, the asset typically undergoes four phases during a market cycle: a first bounce, accumulation, a parabolic run, and a blow-off top. The analyst believes XRP is now transitioning into the final phase. Referring to historical price action from 2017, Mags noted that XRP had a parabolic phase from March to May, then consolidated for 6 months before the blow-off top.” Applying this framework to the present market, he projects a potential rise to $7.3 from the current range, representing a 202% increase. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Breakout from Multi-Year Pattern Signals $15 Possibility While Mags sees $7.3 as a realistic target, other analysts foresee an even larger rally. Crypto analyst Ali Martinez has identified a breakout from a symmetrical triangle pattern formed over nearly seven years, from January 2018 through November 2024. This breakout after the 2024 U.S. elections propelled XRP above the $2 mark. Martinez maintains that the triangle breakout remains influential and expects XRP to extend its gains significantly. He noted XRP could rise to $15, representing a 522% increase from current levels. This projection is rooted in the typical behavior of assets following a breakout from such long-term formations. RSI Trends Reinforce the Bullish Outlook Additional confirmation of XRP’s potential upward trajectory comes from the analyst behind the Crypto Crew University platform. In a recent analysis, he emphasized that the asset replicates an RSI (Relative Strength Index) behavior seen during previous market cycles. He stated that XRP may be entering another RSI surge similar to those observed in 2017 and 2021, which preceded significant rallies. “In both 2017 & 2021, a second #RSI explosion above 65 triggered massive moves,” he said. He further pointed out that the current Stock RSI cross-up could be an early indicator that the next RSI-driven move is underway. XRP’s consolidation around the $2 mark attracts increased attention as analysts highlight historical similarities, long-term chart breakouts, and key momentum signals. While some analysts, like Mags, anticipate a move toward $7.3 based on past cycle patterns, others, such as Martinez, see room for a climb to $15 if technical structures play out. With multiple indicators aligning, the asset appears poised for a potential continuation of its bullish trend in the coming months. Follow us on X , Facebook , Telegram , and Google News The post Analyst Who Called XRP Rally From $0.5, Foresees A Rocket Rally to $15 appeared first on Times Tabloid .

Source: TimesTabloid