Ripple’s XRP forecast points a path to over  in this bull run

Ripple’s XRP forecast points a path to over $5 in this bull run

XRP follows the 2017 pattern with targets above $5. Analysts are looking at $5+ despite some warning signs across the board.

Ripple’s

Despite a recent decline from local highs, some long-term scenarios remain unchanged.

Cycle-based models project more upside

Crypto analyst EGRAG CRYPTO shared a graph using what he called the ‘10% theory’. The model is based on the Gaussian channel over a two-week time frame.

In 2017, XRP gained approximately 3,700%. So far this cycle the movement has reached about 370%. If a final push yields a similar percentage gain, his target is between $5.50 and $6.00.

EGRAG also pushed back on the idea that XRP is showing weaker returns. He pointed to the 2021 cycle, in which XRP moved 1,700% from bottom to top. He said repeating those gains would take XRP above the $5 level again.

Graph Pattern Traces 2017 Structure

Chart analyst ChartNerdTA posted a long-term pattern that shows XRP moving within a major ascending triangle. The structure resembles that before the 2017 breakout. That move started after the price broke above the triangle resistance.

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In this current setup, ChartNerdTA uses Fibonacci extensions to display possible targets. The 1,618 extension reaches $10, while the 2.0 level is $27.92. These levels correspond to the breakout structure of the last cycle. At the time of writing, XRP is trading at $2.57, still below the resistance zone.

On-chain trading data and signals

Market watcher EtherNasyonaL noted that XRP continues to hold structure even after failing to stay above $2.67. The price fell, while the daily volume reached $5.5 billion. Over the past week, XRP has risen 7% despite a 3% decline in the past 24 hours.

Open interest on futures is almost $4.35 billion. However, on-chain data shows wallets holding between 1 million and 10 million XRP sold more than 140 million tokens during the price move. This activity indicates profit taking while the market remains active.

CryptoPotato too reported that the TD Sequential indicator showed a sell signal on the daily chart. This signal has made short-term expectations more cautious, even as long-term projections remain in place.

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