- XRP poised for major breakout as resistance levels are tested.
- Analyst predicts XRP’s surge to $7, potentially reaching $15.
- Long-term consolidation sets stage for XRP’s next significant rally.
Crypto market analyst Mikybull (@MikybullCrypto) has recently suggested that XRP could be entering its final phase of expansion in the current market cycle. The prediction, backed by a detailed chart, highlights a long-term pattern of price consolidation followed by sharp upward moves, suggesting the possibility of a significant rally in the near future.
The chart shared by Mikybull covers XRP’s price action from its early trading years to the year 2025. Using a three-month time frame, the chart outlines a repeating structure of cyclical accumulation followed by explosive price increases.
Mikybull points out that each cycle begins with a prolonged period of price compression, where the asset trades below a horizontal resistance level and above a rising trendline. Once the asset breaks above this resistance, it initiates a strong upward movement, creating a pattern resembling an ascending triangle.
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The first cycle, visible between 2014 and 2017, featured a series of ascending lows that culminated in a breakout toward the end of 2017. A similar setup can be seen starting in 2020, where XRP once again formed an ascending triangle and started building upward pressure along a diagonal support line.
The current price action suggests XRP has broken above a key horizontal resistance, signaling a potential continuation of this pattern.
Repeating Pattern Signals Future Growth
Mikybull’s analysis suggests that XRP is mirroring its historical breakout pattern, as the current price action approaches a familiar resistance zone. In both previous cycles, XRP broke through this zone after building momentum, and the analyst believes a similar move is imminent.
The indicators on Mikybull’s chart align closely with the conditions observed before past breakouts, reinforcing the likelihood of another significant rally if XRP maintains its upward momentum and continues to hold above support levels.
The price targets indicated by Mikybull suggest that XRP could see a rapid surge if it manages to break through the established resistance. The “red band target” marked on the chart is set near the $7 range, indicating the first level of potential price expansion.
Should this level be surpassed, XRP could potentially reach between $11 and $15, aligning with Fibonacci projection levels and previous areas of exponential growth.
These targets present a massive upside potential for XRP, especially considering its current trading price of around $2.64. If history is any guide, XRP could be on the brink of a new phase of explosive price movement, further solidifying its place in the crypto market’s spotlight.
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