A well-known community analyst has suggested that XRP is looking to begin the “flight of the phoenix” to higher price levels.
Notably, XRP has been fighting to hold its ground in September. After reaching $3.66 in July 2025, it slipped to $2.70 on Sept. 1. Buyers then stepped in and pushed it back up to $3.00.
Interestingly, amid this position, analyst Dark Defender suggested that XRP was retesting a cup breakout and could soar to $36. To prove this, he shared a chart covering more than ten years of XRP’s history.
XRP Forms Two Cup Patterns
Specifically, the market watcher highlighted two major cup patterns that dictated XRP’s long-term cycles. Notably, the first cycle ran from 2013 to 2017, forming a four-year consolidation. XRP finally broke through the neckline in mid-2017 when it surpassed the $0.024 resistance.
From here, it entered into the explosive rally that defined the 2017/2018 bull run. XRP eventually soared to a peak of $3.31 in January 2018 before witnessing a sharp collapse that led to the formation of the second cup.
Notably, this second cup formed over eight years, starting from 2018 and running into 2025. The neckline sat at around $2, almost the same level that capped the 2017 rally. This created a massive resistance line.
From 2018 through 2020, XRP formed the bottom of this larger structure. It then climbed steadily between 2021 and 2024, supported by a rising trendline that built the right side of the cup.
XRP Now Retesting Its Breakout
This setup came to a head in 2025, following the November 2024 rally. Notably, Dark Defender pointed out that XRP broke through the neckline earlier this year and then spent nine months retesting the breakout level around $2.
Importantly, he marked this retest window with a green circle on the chart, showing how the pullback to $2.70 in September fits into the bigger picture. Now, XRP just needs to maintain the support at the neckline to secure an upward push toward greater levels when bulls take charge.
Specifically, when this happens, Dark Defender expects XRP to aim for Fibonacci extension levels at $5.86, $18.23, and even $36.77. He described this breakout as the “flight of the phoenix,” indicating what he sees as the start of a massive upward move.
Other Analysts Remain Bullish
Interestingly, other analysts are also equally bullish. For one, Stedas, a well-followed community voice, sees a bull flag forming on the weekly chart. He believes a clean break above $3.60 could lead to a sharp rally, with potential targets at $6, $13, and $23 before the year ends.
$XRP weekly bull flag forming.
Next explosive leg is loading… 🚀🎯 Potential targets by the EOY once it breaks the $3.6 resistance: $6, $13, $23.
Are you ready? pic.twitter.com/7voqHDr2E7
— XRP_Cro 🔥 AI / Gaming / DePIN (@stedas) September 13, 2025
Meanwhile, CryptoInsightUK added that most top altcoins look ready for a strong run in the next leg of the market. He expects XRP to move quickly toward $4.20, highlighting the way it often rallies in sudden bursts after breaking resistance.
Tyler Hill, President of Fluence Global, shared projections from other analysts suggesting XRP could reach $8.50 by November. The analyst backed this call with Fibonacci levels at $4.45, $6.16, and $8.52, and also noted that the RSI remains bullish without showing signs of overheating.
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.
