XRP Poised for a Parabolic Surge as Analysts Predict Major Upside

• XRP’s bullish setup suggests a parabolic surge, with analysts eyeing $13 in the near term and $32 to $110 in future cycles.
• Technical patterns indicate XRP’s largest bullish formation, hinting at sustained momentum and potential breakouts ahead.
• Holding key support above $2.50 strengthens XRP’s upside potential, with a move past $3 opening the door for higher targets.

XRP is gaining momentum with analysts outlining potential price targets, with some forecasting double digit and even triple digit valuations in future cycles. According to Egrag Crypto, XRP is progressing within a bullish formation that could see prices go as high as $13 in the near term. Further upside projections suggest XRP could reach between $32 and $110.

Technical Pattern Suggests Potential Breakout

Egrag Crypto notes a bullish setup that indicates further price expansion. A developed pattern shows a measured move forming within an arc, confirming the expected price movement. 

The breakout from this pattern aligns with historical movements, supporting the likelihood of XRP reaching new price levels. According to Egrag Crypto, historical data supports the idea that XRP may enter a multi phase rally, with the first price high at $13 before advancing into the $32 to $110 range.

Analyst Javon Marks also identifies a strong technical formation supporting continued upside. He notes that XRP has established its largest bullish pattern since its recent breakout. This setup suggests a sustained price move could be nearing, increasing the probability of XRP extending its gains.

XRP Holds Key Support Levels

XRP has maintained strength above important support, with price stabilizing near $2.74. The market had a parabolic rally following a breakout from a descending wedge, pushing the asset above $2.50. 

The price is now consolidating, forming a potential continuation pattern that could fuel another upward move. If XRP remains above the ascending trendline, further increases beyond $3 are increasingly likely, with possible targets between $3.50 and $4.

A divergence in the RSI suggests a decline in selling pressure, supporting the case for additional gains. The RSI has shown a higher low while price movement formed a lower low, which historically leads to price recoveries. 

Levels to Monitor for XRP’s Next Move

The ascending trendline is a vital support level, with $2.50 being the first major support in case of a pullback. A drop below this level could lead to a retest of $2.20, with additional downside risk if bearish pressure intensifies.

However, if XRP maintains its current upside, a move past $3 could lead to a rally toward higher resistance levels. Analysts suggest that breaking above previous highs would validate the continuation pattern, allowing XRP to build momentum toward new price targets.