- XRP shows a 57% probability of an upward breakout while retaining a strong long-term bullish structure, according to the analyst.
- The analyst compares XRP’s present cycle to 2021, highlighting a 540% rally gap that could lift prices toward $5.20.
- He expects XRP to reach between $9 and $27 in this bull cycle, mirroring other major crypto rallies like Bitcoin and Solana.
A leading cryptocurrency analyst has maintained a bullish stance on XRP, emphasizing the token’s long-term strength despite its recent downturn. The analyst shared that XRP currently shows a 57% likelihood of moving upward against a 43% chance of continued decline. He believes the digital asset remains positioned for significant growth once the current correction phase stabilizes.
The analyst explained that a 43% pullback from the current price could bring XRP down to around 50%. However, a 53% rally could lift it toward $9.5. He noted that XRP’s chart formation suggests a Descending Broadening Wedge breakout, which often precedes a strong recovery. Hence, he remains confident that the cryptocurrency’s long-term structure continues to favor an upward rally.
Historical Comparison to Previous Bull Cycles
Drawing parallels with XRP’s 2021 performance, the analyst recalled that the cryptocurrency surged by over 1,700% during that cycle. In comparison, XRP’s present cycle has so far achieved about 1,160% growth, leaving what he describes as a 540% rally gap to fulfill its full potential. He projected that if XRP simply mirrors its 2021 performance, its value could reach approximately $5.20 even without additional bullish catalysts.
The analyst emphasized that XRP’s price action should be viewed within the wider context of the ongoing bull market. He noted that other leading cryptocurrencies, such as Solana and Bitcoin, achieved significant gains when market conditions aligned. Solana advanced from $8 to $300, while Bitcoin surged from $15,000 to $126,000, confirming the potential for substantial returns during favorable cycles.
Future Price Expectations
Based on his projections, the analyst expects XRP to regain momentum and climb toward the $20 range in the current bull cycle. He remains convinced that the cryptocurrency’s long-term structure supports sustained growth and that the ongoing consolidation phase may serve as the foundation for a new upward leg.
