NAIROBI (CoinChapter.com)—XRP is hovering at a crucial resistance level that has historically determined its fate. The asset recently tested the $3.15–$3.50 range, a level that has either triggered major rallies or pushed it back into consolidation. The question now is whether this time will be different.
On Jan. 16, it reached a multi-year high of $3.39 before failing to sustain momentum. Then, on Feb. 3, XRP plunged 43% to $1.94 following a sharp selloff triggered by former U.S. President Donald Trump’s tariff threats, which sent shockwaves through global markets.
Despite the turbulence, XRP has rebounded and is once again testing its multi-year resistance. The setup has traders eyeing a major breakout, with analysts predicting a possible 1,500% surge.
Seven-Year Pattern Could Signal a Massive Rally
Beyond short-term volatility, analysts argue that XRP is completing a massive rounding bottom formation that has been developing since 2018. If XRP surpasses its all-time high of $3.89, it would confirm the completion of this pattern, potentially catapulting it into price discovery mode.
Source: XA breakout would mean XRP faces no historical resistance, opening the door for exponential gains. EGRAG Crypto, a well-known market analyst, has dismissed concerns about a crash, instead highlighting the asset’s ongoing bullish structure. According to him, XRP is simply retesting the edge of an ascending triangle—an essential step before an explosive move.
XRP breakout pattern hints at major move. Source: Javon Marks/XAnother analyst, Javon Marks, draws parallels between XRP’s current setup and its 2017 rally. Marks predicts a possible surge to $99, a 3,900% increase, if the pattern repeats itself. Meanwhile, Dark Defender, another technical analyst, has identified a primary cycle wave that could push XRP toward $18.22 if the bullish trend continues.
XRP’s Path to $27—What Needs to Happen?
While technical analysis suggests a bullish trajectory, external catalysts could provide the final push. One of the biggest potential drivers is the approval of an XRP exchange-traded fund (ETF). If the U.S. Securities and Exchange Commission (SEC) greenlights an XRP ETF, institutional demand could skyrocket, leading to a surge in buying pressure.
If XRP becomes a financial system reserve asset or gains major institutional use cases, demand could drive prices into uncharted territory. Market participants are also closely watching the ongoing SEC lawsuit appeal. If the appeal is dismissed, it would provide legal clarity that could spark renewed investor confidence.
Matrixport, a Singapore-based blockchain firm, has noted that XRP’s Relative Strength Index (RSI) is hovering near 40%, a level that has historically preceded rallies. The firm also pointed out that regulatory developments could further fuel XRP’s upside, especially if the SEC revisits its case under a new administration.
Despite the bullish outlook, XRP is still battling its biggest resistance at $3.50. A breakout could validate analysts’ optimistic targets, but failure to breach this level could lead to another rejection. EGRAG Crypto has warned traders not to panic if XRP experiences short-term dips, calling the current price action a “fake-out” before the real breakout.
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