A prominent market analyst has projected a sharp rally that could send XRP to as high as $9 within weeks.
XRP has continued to battle cautious selling sentiment, trading at $1.41, a range it has held since last week. The coin initially dipped to $1.11 this month but has since established support around $1.40. Now, discussions are emerging about where the next breakout could take the XRP price.
Key Points
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Analyst CryptoBull says XRP could hit $4 soon, citing a 2017-style breakout fractal.
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He also projects a possible surge to $9, implying gains of up to 7x from current levels.
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Other analysts argue XRP’s 60% drop from $3.66 may be a final shakeout before $10.
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Skeptics warn the bottom may not be in, with some eyeing a potential dip toward $0.50.
Timeline for Major XRP Breakout
Widely followed XRP analyst CryptoBull shared a bold outlook in a post on X, stating that March could be “extremely bullish” for XRP. According to his analysis, the current 3-day chart structure closely mirrors XRP’s 2017 breakout pattern, a fractal that preceded one of the asset’s most explosive rallies on record.
In a chart shared alongside his commentary, CryptoBull overlaid XRP’s current 3-day structure with its 2017 price action. The comparison highlights a prolonged consolidation phase followed by a sharp vertical breakout, which drove XRP to an all-time high.
The analyst believes the similarity is “striking,” suggesting that XRP may be on the verge of a comparable breakout. Based on this fractal projection, XRP could reach $4 by March 2. This price would mark a new all-time high for the coin and deliver nearly a 3x gain for today’s holders.
$550B Cap in March?
Meanwhile, CryptoBull also suggested XRP could extend the rally toward $9 by March 11. If realized, such a move would mark a significant expansion from current levels, pushing its market cap from $86 billion to $550 billion.
Notably, his March timeline suggests XRP could deliver 2x to 7x gains over the next three weeks. However, given the current state of the market, some commentators consider the outlook overly ambitious.
“Buying Now Is a Major Opportunity”
Notably, many other analysts also share CryptoBull’s XRP outlook, considering how low the current price is compared to its peak.
In a recent analysis, CryptoPatel pointed out that XRP is about 60% below its $3.66 peak. He argued that the pullback represents a final shakeout before a move toward $10.
He cited that XRP confirmed a macro reversal after breaking a four-year descending wedge, rallying over 600% from $0.50 to $3, and now consolidating in a $1.00–$1.50 re-accumulation zone. He believes a resumption of the upside is due, considering the massive drawdown from the peak, and sees $10 as possible.
However, some analysts believe the bottom is not in yet. A few are calling for lows around $0.50, arguing that a strong reversal from that point is possible.
Ultimately, while speculative, the $9 to $10 targets from pro-XRP commentators reflect optimism among analysts who expect strong performance if the broader crypto market improves.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.