XRP News Today: XRP Targets 1,600% Gain as Analysts Eye Breakout

Crypto analyst Steph Is Crypto has released a chart highlighting potential XRP price targets based on Fibonacci extension levels, as the digital asset continues to trade within a tight range. The analyst's post on X provides conservative, realistic, and optimistic projections using market structure and historical price behavior to estimate XRP’s next major move.

The 4-day chart indicates that XRP is currently consolidating within a descending triangle following a sharp move upward in early 2025. Despite being in a corrective phase, this structure suggests a potential breakout. The current price of XRP is approximately $2.20. The conservative target at $5.34 represents an increase of over 140% and would set a new all-time high, just below the $5.85 target set by another well-respected crypto analyst. The realistic target of $11.22 would be more than 400% above the current price, while the intermediate level, $23.60, reflects a rise of over 970%. The most optimistic target, $37.35, suggests a move exceeding 1,600%.

These targets are anchored in key Fibonacci extension levels, which are commonly used in technical analysis to project potential price moves. The $5.34 level aligns with the 0.618 extension, $11.22 corresponds to the 1.0 level, $23.60 reflects the 1.382 extension, and the $37.35 target is based on the 1.618 extension, typically viewed as the upper boundary in strong bullish cycles. Other experts have set double-digit targets for XRP as the digital asset has shown multiple bullish technical signals, and the community is anticipating a massive breakout in the immediate future.

Notably, the lower boundary of the triangle formation sits at $1.6050, which represents the 0.0 Fibonacci retracement level. This could serve as a support threshold should the market fail to break out upward. This was a bearish target when XRP recently formed a double bottom, but the asset avoided that breakdown. The current formation shows XRP gradually compressing within the triangle, suggesting that a significant move, either upward or downward, may be closer. If its price were to lose this support decisively, it could indicate a breakdown to even lower levels rather than the anticipated bullish continuation.

The post does not include a timeline for when such a breakout might occur, but after six months of consolidation, market participants are eager for a decisive move. The views expressed in this article may include the author’s personal opinions and do not represent any official opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk.