XRP News Today: XRP Soars 550% on Bullish Forecasts and Fibonacci Breakout

XRP has surged over 550% since November 2024, reaching a recent price of around $3.15 [1]. Technical analyst Gert van Lagen has drawn attention for projecting a potential move toward $34 by mid-2026, based on a 2.00 Fibonacci extension of a seven-year double-bottom pattern [1]. This projection aligns with historical trends observed in 2014–2017, when XRP experienced a parabolic rally of over 100,000% [1]. Van Lagen's analysis also points to a retest of the neckline at $1.80 acting as a bullish confirmation, reinforcing the strength of the breakout.

Other analysts and high-profile investors have added to the bullish sentiment. Patrick Riley, a veteran in the crypto space, has argued that XRP is a must-watch asset, suggesting that those who ignore it are not serious about cryptocurrency [1]. His view is supported by historical price patterns and the potential for a nearly tenfold gain in the current bull cycle. Edoardo Farina and Versan Aljarrah have also reinforced the bullish narrative, drawing parallels between XRP and early shares of Berkshire Hathaway, emphasizing its role in a new financial infrastructure [1].

Despite these bullish forecasts, the market remains divided. Critics, including user "LinkWarLord," have pointed to alternatives like Chainlink as better representations of XRP’s aspirational potential [1]. Long-term holders, such as "GibsonGirl," who invested in XRP over a decade ago, have expressed disappointment and have since exited the asset [1]. The debate highlights the uncertainty surrounding XRP's future, with some viewing it as a foundational player and others as an overvalued relic.

Recent performance data supports a strong near-term trend: XRP has gained 42% over the past eight weeks and 460% in the last year [1]. Some short-term technical indicators suggest the asset is approaching key resistance levels, with analysts anticipating significant growth potential [3]. However, concerns remain about XRP’s valuation relative to on-chain activity. The XRP Ledger (XRPL) has a market cap of $190 billion, while its total value locked (TVL) stands at only $85 million, creating a ratio of over 2,200 [1]. This stark disparity raises questions about the sustainability of the current price rally.

Furthermore, over 95% of XRP’s supply is currently in profit, a threshold historically linked to sharp price corrections [1]. Such a high concentration of profits among holders increases the likelihood of profit-taking, which could exert downward pressure on the price and challenge the feasibility of reaching $30 or higher in the near term.

While some analysts envision even more ambitious targets—such as $100 or $10,000—these forecasts are speculative and not grounded in current market dynamics [1]. Most bullish scenarios depend on long-term market cycles and fundamental improvements in XRP’s utility and adoption. Given the market’s volatility and the mixed opinions among investors, those considering XRP should proceed with caution and conduct thorough research before making any investment decisions.

Source: [1] If You're Not Bullish on XRP, You're Not a Serious Person (https://thecryptobasic.com/2025/08/12/if-youre-not-bullish-on-xrp-youre-not-a-serious-person-veteran-investor/)

[3] XRP Hits Resistance at $3—Analysts Eye 17000% Growth (https://www.mitrade.com/au/insights/news/live-news/article-3-1026857-20250810)