XRP community commentator Tony Edward of the Thinking Crypto Podcast recently shared a chart highlighting Fibonacci extension levels as potential upside targets for the coin.
The projection comes amid growing technical strength and renewed investor optimism in XRP following recent price action.
Specifically, Edward’s chart confirms that XRP has officially broken out of a multi-month consolidation pattern. According to the latest Fibonacci analysis, its price could soar to challenge the double-digit territory this season.
XRP Breaks Out of Bullish Pennant
The weekly XRP chart shows a clean breakout from a bullish pennant formation. This pattern had been forming since early 2025, following an initial move into the $3 range, the first time XRP reached that level since 2018.
While XRP dipped below $2 several times, it consistently maintained support in the $2 range. After several weeks of consolidation, bulls have taken control, driving the price above $3.53 this month.
At press time, a cooldown from the recent pump is ongoing. However, analysts believe the next leg could take XRP to new all-time highs.
Fibonacci Targets
Edward’s Fibonacci extension levels indicate potential price points beyond $4. Specifically, the chart shows that the first immediate target for XRP is the 1.618 level at $4.4881.
Should the bulls overcome this level, XRP may target the 2.618 level at $6.2642, followed by the 3.618 level at $8.0403. Meanwhile, the most ambitious projection on the chart is the 4.236 level at $9.1379.
Each of these milestones could act as resistance zones, with prices correcting before resuming their upward movement.
XRP Sentiment Shifts as Price Surges
These bullish projections come at a time when market sentiment around XRP is improving. Once heavily criticized, XRP is now gaining renewed traction following the conclusion of Ripple’s legal battle with the SEC, the potential launch of spot XRP ETFs, institutional adoption of XRP treasuries (similar to the MicroStrategy playbook), and ongoing whale accumulation.
These developments have contributed to XRP’s 30-day performance gain of 53%, despite intermittent corrections.
Can XRP Hit $9?
Notably, from the current level of $3.08, reaching the top Fibonacci target of $9 would require approximately a 3x price surge. While price targets are never guaranteed, the widespread optimism suggests that XRP could rally much further, especially if the Bitcoin market remains bullish.
For example, one NFT project founder argued that XRP could reach $10 by next year if Bitcoin’s uptrend continues to $250K. Meanwhile, Altcoin Daily founder Aaron Arnold tweeted $11 as a realistic target for XRP this cycle.
Even Bitcoin analyst Dennis Liu has revised his earlier $4–$5 XRP target to $10, citing increasingly bullish factors surrounding XRP.
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.
