NewsBTC
22 April 2025
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XRP Analyst Predicts Price Could Reach $14 Amid Market Uncertainty

Despite market uncertainty, a cryptocurrency analyst known as "Papa" predicts XRP could reach $14. This comes as XRP struggles around $2 after a recent decline.

XRP Market Overview

  • XRP peaked at $2.24 on April 13, then fell to $2.04 by April 18.
  • This marks the first four-day price drop since late March.
  • The Fear & Greed Index is currently at 39, indicating "Fear" in the market.

Papa believes XRP is on an upward trajectory, supported by historical chart patterns reminiscent of its 2017-2018 bull run.

Chart Patterns and Historical Context

  • Papa identifies a symmetrical triangle pattern similar to that seen in the 2017-2018 bull market.
  • XRP rose 7,800% from $0.0055 in March 2017 to $0.3988 in May 2017.
  • It later reached an all-time high of $3.31 in January 2018.

Currently, XRP has risen 570% from $0.50 in November 2024 to $3.39 in January 2025, followed by a 38% drop.

Technical Analysis and Future Projections

  • Papa's price targets are based on Fibonacci extension levels, which forecast potential price movements.
  • During the previous bull run, XRP successfully hit multiple Fibonacci targets.
  • A breakout above the $3 resistance ceiling is necessary for the predicted climb to $14.

Papa anticipates a potential 575% increase if these conditions are met. The outcome will depend on XRP's ability to surpass the current resistance levels in the coming weeks.

Featured image from CoinFlip, chart from TradingView