Analyst Says XRP Moonshot Is Not a Matter of If, But When

While market sentiment has weakened, bullish analysts believe XRP still has its moon days ahead.

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Specifically, these analysts are drawing confidence from XRP’s long-term chart structure, with technical readings pointing to a decisive shift in trend. According to market analyst Matt Hughes, also known as The Great Mattsby, XRP’s trajectory suggests that the next stage of breakout is closer than ever.

Hughes used a Gann Fan on the XRP weekly chart to illustrate how previous resistance levels have consistently flipped into support zones before further rallies. Historic peaks in 2018 and 2021, capped by diagonal resistance lines, have since been broken, with those barriers flipped into support.

Illustratively, XRP has been trading above the $1.96 peak of 2021 for several weeks without dropping below. Before this, the $0.50 to $1.00 range used to be a cap on XRP’s movements. But those days are now over.

Likewise, the $3.00 psychological level has since acted as a support zone that XRP has consistently maintained through the dips in August. While XRP occasionally dips below this level, it often reclaims the psychological barrier quickly.

To Hughes, this is a sign of significant strength, forming a stronger foundation for the next leg up.

XRP Testing the “Final Boss” Level

Currently, XRP trades at around $2.86, having briefly pushed above $3.66 a few weeks ago before facing rejection.

According to Hughes, the $3.00 zone represents the “final boss” resistance within the Gann Fan framework. If XRP can flip this area into firm support, Hughes suggests it would set the stage for a parabolic move, similar to past breakout runs.

The conviction behind this analysis is that XRP’s structural breakout is less a question of possibility and more a matter of timing. Hughes emphasized that XRP moon is coming—and it’s not about ‘if,’ but ‘when.’

For the XRP community, this outlook confirms long-standing bullish expectations. In a separate disclosure, Raoul Pal, CEO of Global Macro Investor, also expressed a bullish view on XRP.

XRP Now “Full Porting” to Higher Levels

He believes XRP is entering a new growth phase as capital rotates out of Bitcoin. Pal described the crypto market as a “waiting room,” with assets like Ethereum already breaking out, Solana next in line, and XRP now “full porting” to higher levels.

Pal points to historical price cycles, long consolidations followed by explosive moves, as a signal that XRP may be nearing another breakout. He highlighted a weekly chart showing XRP’s pattern of triangle formations since 2014, each preceding major rallies.

Currently trading just under $3, XRP is forming a bullish pennant. A breakout above it could confirm the next leg up to all-time highs, potentially in the $10 range, as many analysts have speculated. Meanwhile, failure to hold support could lead to a retest of the $2 range.