Analyst Predicts XRP Price for July 24, Says We’re About to Get ‘XRP Summer’

Analyst WatersAbove has released a new ambitious forecast for XRP, predicting a surge into the double-digit range as early as next month.

While XRP continues to struggle around $2, dangerously close to breaching below the $2 level, market watchers like WatersAbove are convinced that an explosive movement is imminent to reverse years of underperformance.

In a recent tweet, WatersAbove boldly asserted that XRP could reach $15 by July 24, 2025. Referring to the next stage of XRP’s market cycle as “XRP Summer,” the analyst suggests the asset is now entering a breakout phase similar to the one that led to its historic 2017 rally.

A Familiar Pattern, a New Timeline

Using a multi-year fractal overlay, WatersAbove shows that XRP recently completed a 485-day consolidation pattern. Interestingly, the same structure preceded XRP’s rise from under $0.006 to over $3 in 2017/2018.

Notably, the initial breakout from the 485-day range already saw XRP soar by about 600% before the ongoing cooldown phase began. According to the chart, the current breakout is just beginning. It projects a continuation that could send XRP into a new trading range.

For context, a similar pattern played out in 2017 when XRP broke out in Q2, canceling two zeros within three months before a cooldown reversed some of the gains. A resumption occurred in Q4 of that year, culminating in XRP reaching a peak above $3.

WatersAbove believes a similar scenario will unfold in 2025, with the projected top reaching above $15 by mid-year.

This marks a revision from his earlier June projection, which called for a move to $10 by late July or early August 2024. The updated forecast now sets a shorter horizon for the rally to unfold. Notably, his chart suggests XRP could even reach a peak of $26.33 before the next round of retracement occurs.

Market Still Cooling Off, But Bullish Expectations Remain

Despite the bullish outlook, XRP is trading at $2.16 at the time of writing. It is down 3.21% today and 6% over the past week. Price action has remained subdued, but sentiment within the community remains extremely bullish.

In a separate update, well-known analyst Michael XBT also expressed strong belief that the XRP consolidation phase is ending. He recalled how he accurately predicted XRP would break out of a seven-year bull pennant pattern in July 2024, reinforcing his new sentiment that a second leg up is on the horizon.

However, he refrained from offering a price target or timeline for when this might occur.

Community Reacts with Hope, Doubt, and Banter

On the other hand, WatersAbove’s decision to issue a bold $15 forecast with a compressed timeline, just five weeks away, faced resistance among other market watchers.

Some are optimistic, while others are openly skeptical. X user Mr. Kaspa challenged the prediction with a $10,000 bet that XRP won’t even hit $4 by the proposed date. Another user, King Valex, posted his own chart and argued the projection was off-base, claiming the pattern does not support a $15 target.

Others took a lighter tone. Régis Maël joked that he’d owe WatersAbove a coffee, tea, wine, or beer if the prediction proves accurate. Meanwhile, Ja King questioned the sudden confidence, wondering if the analyst was trolling for engagement.