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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
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Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target

Scott Matherson
Scott Matherson
4 months ago
3 mins read
XRP

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According to expert analysts, the XRP price is showing renewed bullish momentum, with projections suggesting a potential rally to the 1.618 Fib at $21 this bull cycle. While this projection may seem ambitious, the analyst’s bullish outlook doesn’t stop there. Once XRP hits $21, it is expected to continue its upward trajectory toward its next target of $152. 

XRP Price Eyes Powerful Breakout To New Targets

A recent technical analysis of XRP’s long-term price chart is igniting significant buzz in the crypto community, as the altcoin appears to be forming a familiar pattern that previously led to exponential gains. The chart, published by a well-known crypto expert, Javon Marks, suggests that XRP could be on the brink of a powerful price breakout, with expectations pointing toward the $21 price level and beyond. 

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XRP

XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target

4 months ago

Marks’ analysis identifies two major symmetrical triangle formations in XRP’s price history—one that preceded its explosive rally in 2017 and another that 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.

XRP
Source: Javon Marks on X

According to the chart, 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, Marks predicts that the next significant level of interest lies at the 1.618 Fibonacci Extension level, which aligns with the $21 price target. Notably, 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. 

Analyst’s XRP Forecast Met With Skepticism 

On one hand, Marks’ bullish XRP price forecast was met with excitement, and on the other, the majority of crypto community members expressed doubts about the overly ambitious targets. The projection of a move to $21 and possibly even higher to $152 has been met with caution and skepticism among community members.

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XRP

Bullish Candle Formation Suggests The XRP Price Could Touch $22

4 months ago

While historical patterns can provide a roadmap to a potential price rally, critics responding to Marks’ analysis argue that reaching the triple-digit territory is virtually impossible for XRP currently. One member suggested that a more realistic target for the altcoin was between $13 and $20. Others questioned 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.

XRP
XRP trading at $2.25 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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Ad discliamer

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