XRP News Today: XRP Surges 23% Weekly as Analysts Target $23.64, $3.65 Breakout Key Milestone

Generated by AI AgentCoin World
Wednesday, Jul 23, 2025 8:50 am ET1min read
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Aime RobotAime Summary

- XRP technical analysis shows bullish patterns with Fibonacci and Elliott Wave targets up to $23.64 per token.

- Key resistance at $3.65 must be broken to confirm a potential $946B market cap milestone.

- Analysts like Ali Martinez and CasiTrades project $15-$4.65 price targets if support above $3.20 holds.

- RSI neutrality suggests continued upside potential, but breakdowns below $3.13 could stall momentum.

XRP’s technical analysis is increasingly pointing to a potential breakout, with multiple analysts highlighting aligned bullish structures and ambitious price targets. Fibonacci extension levels and Elliott Wave projections suggest the cryptocurrency could see a substantial increase in market capitalization, with key resistance levels and support zones under close scrutiny.

Technical analysts have identified a confluence of patterns reinforcing the possibility of a significant upward move. EGRAG CRYPTO’s analysis emphasizes that XRP’s price action aligns with the early stages of a five-wave Elliott Wave structure. The projection outlines Fibonacci targets at $308 billion (1.272 level), $488 billion (1.414 level), and $946 billion (1.618 level) for XRP’s market cap, corresponding to token prices of $5.37, $6.26, and $23.64, respectively. These milestones depend on

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maintaining support above $3.13 and $2.60 while breaking above $3.65 to confirm the breakout [1].

The cryptocurrency’s current price trajectory has also drawn attention for its consistent strength above $3.50, with a weekly gain exceeding 23 percent. A bullish pennant pattern, forming over recent months, further underscores the potential for a sharp upward move. A decisive close above $3.65 is seen as critical to validate the breakout, enabling XRP to challenge all-time highs and test the upper bounds of a broader ascending channel [1].

Independent analysts have corroborated these signals. Ali Martinez, a crypto analyst, noted a weekly bullish flag pattern breakout supported by strength above $2.70, projecting a long-term target of $15 for XRP. This forecast hinges on the token sustaining its support levels to maintain the bullish momentum [2]. Meanwhile, CasiTrades highlighted XRP’s recent consolidation between $3.40 and $3.60, observing that former resistance levels have now become supportive, enhancing the likelihood of further gains. A break above $3.66 could trigger an immediate rally toward $4.65, while short-term support is expected around $3.25-$3.20 [3].

The Relative Strength Index (RSI) remains within a neutral range, indicating the asset is not yet overbought, which could allow for additional upward momentum. However, analysts caution that a pullback below key support levels could temporarily stall the rally, emphasizing the importance of maintaining the current bullish structure.

The combined analyses suggest a high probability of XRP entering a new phase of price appreciation, driven by technical alignment and institutional-level targets. If the projected Fibonacci extensions and Elliott Wave dynamics unfold as expected, XRP could achieve market capitalization milestones previously unattained, reshaping its role in the broader crypto landscape.

Sources:

[1] [EGRAG CRYPTO Analysis](https://coinmarketcap.com/community/articles/6880d6ed14fe18315b4fb26d/)

[2] [Ali Martinez’s Flag Pattern Breakout](https://coinmarketcap.com/community/articles/6880d6ed14fe18315b4fb26d/)

[3] [CasiTrades’ Consolidation and RSI Analysis](https://coinmarketcap.com/community/articles/6880d6ed14fe18315b4fb26d/)