A new phase of the bull run is unfolding in the altcoin space, and hopes are high for XRP to do wonders.
XRP is currently trading above the $3.15 mark, and multiple analysts now believe a major breakout beyond this $3 range is imminent.
Notably, the ongoing altcoin rally is being led by Ethereum. Earlier today, Ethereum approached a $500 billion market cap, with its price reaching $3,940, one of its highest levels this year. BNB, on the other hand, set a new all-time high above $850.
Meanwhile, XRP has yet to set a new price milestone. However, all eyes are now on XRP for a surprise move, as seen with other leading altcoins.
XRP $4–$5 Range “Any Day Now”
According to analyst Zach Rector, XRP is primed to break into the $4 to $5 range “any day now.” He expects the momentum to persist, forecasting further upside potential that could reach as high as $15 by early September.
Notably, Rector shared a daily chart showing XRP in a tight consolidation just above $3.00 to $3.25 range. The chart highlights a breakout structure, with short-term price targets set between $4.00 and $5.00, up to a 56% increase from today’s price. Notably, this range would mark a new all-time high for XRP.
Timeline for XRP to Reach $7–$15
Meanwhile, Rector’s mid-to-long-term projection places XRP in the $7.01 to $15.14 range. The lower end implies a 119% gain, while the upper bound suggests a massive 373% upside for holders. Rector pointed to a window between August 23 and September 7, during which he expects XRP to break into the upper price bands.
This analysis comes as XRP forms a bullish base above key support zones, indicating momentum is building for a vertical move.
Fibonacci Targets Add Fuel to the Rally
Supporting the bullish outlook, Tony Edward, host of the Thinking Crypto Podcast, shared Fibonacci-based projections suggesting XRP’s potential path beyond $9.
According to his weekly chart, XRP could reach $4.5, $6.3, $8.0, and $9.1—all aligned with Fibonacci extension levels. These targets align with Rector’s $4–$15 projection, confirming the growing consensus among analysts that XRP is entering a strong breakout phase.
Measured Move at $20+
In a separate analysis, market watcher EGRAG projected an average price of $20 for XRP this cycle, based on historical patterns.
According to this analysis, XRP surged 2,600% in 2017, implying a potential $33 target in the most optimistic scenario this season. It also surged 500% in 2021, suggesting a target of $7.70.
Averaging these, EGRAG arrives at a $20 price target, which he deemed realistic. Meanwhile, he notes that the full “measured move” could push prices even higher.
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.
