XRP Price Forecasted to Reach $21 This Bull Cycle
Analysts indicate that XRP is experiencing renewed bullish momentum, with projections suggesting a potential rally to the 1.618 Fibonacci level at $21 this cycle. Following this, further growth towards $152 is anticipated.
XRP Price Targets and Technical Analysis
A technical analysis highlights two symmetrical triangle formations in XRP's price history that preceded significant rallies. Key points include:
- XRP recently reached the 1.0 Fibonacci level near $3.31 before retracing to around $2.
- The next target based on historical patterns is the 1.618 Fibonacci Extension at $21, representing over an 800% increase from current levels.
- If past patterns repeat, XRP could eventually reach the 2.272 Fibonacci level at approximately $152.
Despite the bullish forecast, skepticism exists within the crypto community regarding the ambitious targets. Key concerns include:
- Critics question the feasibility of reaching triple-digit prices.
- More conservative estimates suggest realistic targets between $13 and $20.
- Debates continue over whether these targets can be achieved by late 2025 or early 2026.
