XRP Primed for Takeoff as Top Analyst Dismisses Downside Risks

Market watchers are circling as a prominent crypto strategist throws gasoline on XRP’s smoldering rally. ’The charts don’t lie—this is a coiled spring,’ they claim, pointing to a textbook bullish breakout pattern.

Meanwhile, Wall Street quants are too busy overengineering their 27th doomed volatility model to notice the obvious play. Sometimes a rising token is just... a rising token.

CryptoWZRD’s XRP weekly chart projecting $5.9 Interestingly, a $5.90 price point would place XRP’s market cap above $345 billion, higher than Ethereum’s current valuation of $317 billion. While this hints at the possibility of XRP flipping Ethereum, the path may be difficult, as ETH bulls have returned. The coin has surged 43% in the last seven days, double XRP’s gain. Other Projections for XRP Peak Amid Breakout Meanwhile, other market commentators are weighing in on XRP’s breakout, including Good Morning crypto podcast host Abdullah Nassif, known as Abs. In a tweet, Abs claimed that XRP’s breakout is gaining momentum and invited community members to share their price targets. The chart accompanying his tweet showed potential peaks of $8 and $27 for XRP, based on historical Fibonacci levels. These levels aligned with the 1.272 and 1.618 Fibonacci extensions, which defined XRP’s price movement during the 2017–2018 rally.

XRP price chart by Abs Also, some analysts are predicting XRP’s potential in this cycle by drawing inspiration from its historical market dominance during previous peaks. For instance, trader DK64Trades stated that XRP could easily surpass $10 this year. He compared XRP’s current market dominance (~5%) to its 2018 peak (~31%) when the price reached $3.84. He believes a return to similar dominance levels could drive the price significantly higher. On the other hand, analyst Capt Toblerone projects a $1.25 trillion market cap for XRP in a full-fledged crypto bull market with a global crypto valuation of $35 trillion. Based on this valuation, XRP’s price could reach $22 per token.