A veteran trader has presented a three-week XRP outlook, analyzing historical price trends and Fibonacci levels to predict continued upward movement.
XRP has experienced a steady rise in price recently, reaching $2.32 from just below $2.10 on June 6. This marks a notable increase, with a 2.09% gain in the last 24 hours and a 3.94% rise over the past week.
As the crypto continues its upward trend, an analyst, Pepa, offers a detailed three-week outlook for XRP. He draws attention to historical price movements and Fibonacci levels that could potentially guide the asset’s future path.
Pepa’s 3-Week Price Analysis for XRP
Pepa, a crypto trader since 2013, has presented an intriguing three-week price analysis for XRP. He highlights a significant pattern that has emerged over time, resembling historical price movements dating back to 2014.
According to Pepa’s chart, XRP initially formed a descending trendline when its price peaked at $0.20 and then dropped to $0.004. This marked the 0 Fibonacci level, after which the price broke through the trendline and surged to $0.39 by May 2017. This surge, reaching the 7 Fibonacci level, was followed by further consolidation before XRP eventually soared to $3.4 by January 2018.
Pepa suggests that this same pattern has repeated in more recent years. Specifically, from a peak of $3.4 in 2018, another descending trendline formed, which capped XRP’s price action. The price then broke out in November 2024, surging to $3.4 by January 2025.
Now, XRP has slipped into another consolidation phase. Pepa expects the consolidation to end soon, projecting a continuation of the upward trend. He believes this continuation of the uptrend could eventually push XRP to the 7 Fibonacci level, around $23.94.
To reach this target, XRP would need to rise by approximately 931.9% from its current price of $2.32.
EGRAG Crypto’s Bullish Market Cap Forecast
Meanwhile, EGRAG Crypto, another market technician, is focusing on XRP’s market cap chart, where he has identified a W pattern formation. This pattern, resembling a cup and handle structure, suggests that a breakout to the upside is imminent.
EGRAG presents a more conservative analysis of XRP’s potential, forecasting a market cap target of $270 billion based on the W pattern’s measured move. This would correspond to an XRP price of around $4.5. However, in a more optimistic scenario, EGRAG also considers a logarithmic move that could push the market cap to $1.5 trillion, which would lead to an XRP price of $25.
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.
