NewsBTC
13 May 2025
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XRP Price Expected to Reach $7 as Analysts Predict Growth

XRP has gained momentum following Bitcoin's rise above $100,000, with prices climbing into the upper $2 range. Traders are speculating on higher targets due to classic chart setups, though historical trends indicate potential for sharp pullbacks.

XRP Joins Bitcoin Surge

  • Bitcoin's rally initiated when it surpassed $100,000.
  • XRP rose from approximately $0.50 in late 2024 to about $3.30 by January 2025, a gain of over 500%.
  • Since February 2025, XRP has stabilized around $2.40.
  • Traders suggest this stability may precede another upward move.
  • Concerns exist regarding false breakouts during narrow price ranges.

Potential for Parabolic Growth

  • Analyst Mags compares current sideways action to the 2017 cycle, where XRP experienced significant gains after a period of calm.
  • Mags predicts XRP could reach $7.30, representing a 200% increase from current levels.
  • The projected price movement includes four stages: bounce, accumulation, parabolic climb, and blow-off top.

Triangle Breakout Indicates Further Growth

  • Analyst Ali Martinez identifies a multi-year symmetrical triangle pattern that XRP broke out of, signaling a potential target of $15.
  • This represents a possible 520% increase from the current level of $2.40.
  • The recent price pullback may be viewed as a consolidation phase post-breakout.

Historical Performance of XRP

  • XRP peaked at $3.92 on January 4, 2018, after previously dropping to $0.0028 in July 2014.
  • After its all-time high, XRP fell to a low of $0.113268 before rebounding to a high of $3.38.
  • Current market sentiment for XRP appears positive, with the Fear & Greed Index at 70, indicating "Greed."

Featured image from Unsplash, chart from TradingView