XRP News Today: XRP Price Targets $21 as Bullish Momentum Builds

XRP, a prominent cryptocurrency, is currently experiencing a renewed bullish momentum, according to expert analysts. The price of XRP is projected to rally to the 1.618 Fibonacci level, which is approximately $21, during this bull cycle. This projection is based on a technical analysis of XRP’s long-term price chart, which suggests that the altcoin is forming a pattern similar to one that previously led to significant gains.

Javon Marks, a well-known crypto expert, has identified two major symmetrical triangle formations in XRP’s price history. The first formation preceded an explosive rally in 2017, while the second concluded with a fresh breakout in 2024. In the earlier cycle, XRP surged thousands of percent after breaking out of its consolidation pattern, topping near the 2.272 Fibonacci level. This historical price movement is now being used to forecast what could come next for the altcoin.

According to Marks’ analysis, XRP recently rose to the 1.0 Fibonacci level near $3.31 but retraced back toward $2. If the current cycle mirrors the previous one, the next significant level of interest lies at the 1.618 Fibonacci Extension level, which aligns with the $21 price target. A surge to this double-digit territory would represent an over 800% increase from current levels around $2.23.

However, Marks’ optimistic projection does not stop there. Should XRP replicate the full extension it made in the past, the price is forecasted to reach the 2.272 Fibonacci level once again, this time sitting around a jaw-dropping $152. While this forecast may seem over the top, the analyst has shown strong confidence in XRP’s future price outlook, utilizing past price action as a blueprint and technical indicator to determine the altcoin’s upside potential.

Marks’ bullish XRP price forecast has been met with a mix of excitement and skepticism within the crypto community. While some members are optimistic about the potential for XRP to reach the triple-digit territory, others are more cautious. Critics argue that reaching such high targets is virtually impossible for XRP currently, with some suggesting a more realistic target for the altcoin is between $13 and $20. Others question the feasibility of hitting these bullish targets within the proposed timeline, debating whether it could happen by the end of 2025 or even Q1 2026.