XRP Projected to Reach $73 in Bullish Market Analysis

Sistine Research's recent analysis places XRP as the top-performing cryptocurrency since the US elections on November 5, 2024. Analyst Forrest highlighted its potential price trajectory, suggesting it could reach $73 based on historical patterns and current chart structures.

XRP Price Projections

Key points from the analysis include:

XRP has outperformed all major cryptocurrencies post-election, with HBAR and XLM lagging behind as secondary plays.
The "seven-year flag and breakout" pattern is identified on XRP's monthly chart, indicating a strong bullish signal.
A critical resistance level is established at $3.00–3.30, where breaking this range could trigger significant upward momentum.
Profit-taking zones are outlined as follows:
- $7–10 — initial resistance for early investors
- $17–37 — intermediate targets based on Fibonacci extensions
- $73 — long-term target derived from the height of the 2017 breakout
Current trading price is approximately $2.32, with the analyst acknowledging the ambitious nature of the $73 target.
A breakdown below $1.80–1.90 could delay upward movement, but current range-bound action is seen as constructive.
Forrest advocates for holding spot XRP while cautioning against leveraged positions due to potential volatility.

The firm maintains a pro-risk stance for summer trading, supported by historical bullish trends and technical setups. Future performance may be influenced by liquidity conditions, regulatory developments, and institutional investment diversifying beyond Bitcoin and Ethereum.