Analyst Matt Hughes reaffirms his bullish stance, saying XRP remains set for a major breakout once it firmly conquers its “final boss” resistance.
In a tweet today, Hughes shared a fresh update regarding his earlier XRP moon call. He reminded the community that XRP is still going to the moon, but “after it’s done testing all your patience.”
This suggests XRP’s short-term performance could frustrate investors to the point of giving up. The commentary comes amid XRP’s latest volatility.
For context, XRP is trading at $3.03, down 2.65% today but still holding a 3.19% gain over the past week. The coin briefly touched $3.18 over the weekend before sliding back during today’s dip. Despite this short-term weakness, market sentiment remains broadly bullish, supported by long-term technical indicators.
XRP is “Back Above the Final Boss Angle”
In his post, Hughes noted that XRP is “back above the final boss angle,” a key resistance line within the Gann Fan framework that he has highlighted in earlier analyses.
Hughes previously pointed out that XRP’s multi-year chart shows a consistent pattern: historic resistance levels have flipped into support before each major rally. Also, peaks from 2018 and 2021, once capped by diagonal resistance, have already turned into support zones, strengthening the bullish structure.
To Hughes, the $3 zone represents the crucial “final boss” resistance. XRP briefly broke above $3.60 a few weeks ago. The coin has repeatedly dipped below $3 before attempting to reclaim this psychological level.
Essentially, Hughes believes the real test for XRP is converting the $3 area into solid support, forming a base for a parabolic breakout similar to past market cycles.
For XRP holders, the current phase of dipping after brief pumps may continue to test their patience. But the technical picture continues to favor a major rally once the “final boss” resistance finally falls.
Interestingly, Hughes is calling for XRP’s price to soar to $26 by the end of this cycle, delivering over 750% gains.
Broader Bullish Outlook
Other analysts echo Hughes’ long-term optimism. Raoul Pal, CEO of Real Vision, has highlighted that capital is rotating out of Bitcoin into other major crypto assets. He believes XRP is now set for a higher growth phase. However, Pal did not specify how high the coin could go.
Meanwhile, in a separate analysis, market watcher Ahmad Kazemii presented two bullish scenarios for XRP. In the base case, which he favors, a bullish wave could send XRP up to $9, roughly a 3X gain from here. Meanwhile, the alternative case calls for a stronger rally that might extend XRP’s rise to about $11.
In other words, both scenarios suggest significant upside. Other analysts also predict that XRP will reach $10, citing institutional demand and the upcoming DeFi platforms and ETFs.
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.
