XRP Price to Explode 520%? Analysts Warn of Historic Breakout

The price of XRP Will Ripple Explode 520%? Ripple’s native cryptocurrency, XRP, has been attracting attention among analysts and enthusiasts with incredible projections for its significant development since November 2024. Amid the token’s epic growth, analysts are warning of a historic breakout in its price, with potential increases of over 400% or even over 500%.

Renowned cryptocurrency analyst Ali Martinez has suggested that XRP may be forming a bullish technical pattern and this move could lead the cryptocurrency to an exponential breakout. “XRP is still consolidating within the pennant of a massive bullish pennant pattern. Until the $2,73 resistance is broken, a pullback to $2,05 remains possible before a potential breakout to $11!” stated .

Using Fibonacci extensions on the chart shared in the analysis, Martinez suggested in his prediction that the token could see a drop to its support at $2,05 before beginning an epic 436% bull run towards its bullish target.

In the same vein, other analysts are predicting an even more bullish bull run for XRP towards an impressive $15. Should it reach the target, this would equate to an increase of around 520% ​​from its current price.

Based on Fibonacci levels and Elliott Wave Theory, cryptocurrency expert Egrag Crypto has predicted that the price of XRP could reach a historic high of $15. In a recent analysis, the analyst emphasized that a decisive breakout is imminent soon.

“By January 16, 2025 at the latest, we are poised for a decisive breakout. This move will set the tone for the first quarter of 2025,” highlighted . “If we break to the upside, expect Q1 to be a firework with bullish momentum leading the charge.”

XRP Heading to $15? Technical Analysis Points to Potential Price Explosion This Cycle

XRP Heading to $15 ? Ripple’s XRP token has been attracting attention among analysts and enthusiasts with ambitious projections. A technical analysis shared by cryptocurrency analyst known as “Bobby A” on the X platform highlighted that XRP could see a significant price increase to $15 during the current cycle.

This prediction is based on an analysis of the token’s previous market cycles, applying extrapolations that are based on percentages and chart pattern analysis to predict potential prices for XRP. The analyst compares XRP’s performance during the 2017 market cycle to its current trajectory. “XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle.”