A notable market analyst believes XRP could slump below the $1 price mark before recording a recovery pump to a two-digit ultimate target.
XRP is currently battling bearish pressure. The token has experienced a 9% loss over the past 24 hours but remains above $2. With the year drawing to a close, XRP is on track to close its first-ever yearly candle above $2, a major milestone in its history.
However, market experts predict a volatile path ahead, with sharp corrections potentially setting up the necessary conditions for a massive rally.
A well-known analyst, “Guy on the Earth,” recently presented a similar stance. He compared the current market conditions to previous bull cycles, particularly the 2013 and 2017 runs.
Historically, XRP’s bull markets have seen extensive consolidation periods before explosive rallies. The 2013 cycle featured a four-year consolidation followed by a massive price surge, while the 2017 cycle extended gains by 1,100% within months.
The analyst suggests that as the crypto market matures, volatility will decrease, leading to smaller percentage gains. According to him, a repeat of the 2017 extension could theoretically push XRP to $177, but such a target is unlikely during this cycle.
Instead, he set a more realistic maximum target for this bull run of $27. Interestingly, another prominent market watcher, EGRAG Crypto, has consistently predicted $27 as his target for XRP, citing different pathways. Meanwhile, “Guy on the Earth” believes the target is achievable by January 2026.
XRP Short-Term Targets
In the short term, the analyst predicts further downside for XRP. He expects the token to test support levels between $1.70 and $1.80 in the coming days. This correction aligns with a potential Bitcoin drop to around $80,000, which could pull XRP lower. For context, BTC currently trades for $92,550.
If the $1.70 and $1.80 support levels fail, XRP could fall to $1.33 or even $0.87, aligning with Fibonacci levels from historical patterns. Notably, these levels represent prime opportunities to enter long positions. The analyst views $1.70 as a solid entry point, with $1.33 being an even stronger buying zone.
For context, such price action would be consistent with XRP’s historical behavior of triangle consolidations preceding major upward movements. However, the analyst thinks this consolidation phase could be longer and deeper than many expect, creating anxiety.
Long-Term Price Targets
Despite the near-term bearish outlook, the analyst maintains a bullish perspective for XRP’s long-term trajectory. He identifies $13 as a minimum target for the current cycle, with a blow-off top potentially pushing the price to $27 by January 2026.
For profit-taking, the analyst suggests investors should leverage a tiered strategy. He advises selling 10% of holdings when XRP reaches $5.30, 20% at $8.50, and another 20% at $13. Investors can then reserve the remaining 50% of holdings for a potential peak at $27.
Notably, XRP currently changes hands at $2.02, down 3.53% over the past 24 hours as the bulls struggle to maintain a $2 price before the close of the year. From here, XRP would need to spike by 543% to claim the minimum target of $13 and by 1,236% to reach $27.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
