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XRP Phase 4 Targets $21.5, Potential 1,040% Price Increase
XRP Technical Analysis: Potential for Double-Digit Growth
- Technical analysis on a 3-week candlestick timeframe suggests XRP could reach double-digit values based on its long-term structure.
- XRP is currently in Phase 4, with a technical target to break previous all-time highs and possibly reach $21.5.
Price Action Phases
- XRP has experienced four phases over the last decade. The first sequence ran from 2013 to 2017, leading to significant price peaks.
- The second set of phases began with a peak in 2018 and a pullback until 2020, followed by a prolonged consolidation (Phase 3) extending from 2019 to mid-2024.
- Phase 4 started in 2025 after breaking out of the compression range, mirroring a similar transition in 2017.
Current Market Dynamics
- In mid-2025, XRP reached new all-time highs at $3.65 but has since corrected downward by approximately 48%.
- Despite the correction, projections indicate XRP remains in Phase 4, suggesting potential for further growth beyond current levels.
- A Fibonacci extension indicates a possible future price near $21.5, representing a 1,040% increase from the current trading price of $1.89.
