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HomeCrypto NewsMarketTop Research Firm Predicts XRP Run to $50, Here's Why

Top Research Firm Predicts XRP Run to $50, Here’s Why

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XRP has continued to maintain support within an important multi-year channel months after Sistine Research predicted a massive rally.

For context, Sistine Research first shared its long-term analysis in April, using a weekly chart to compare XRP’s current setup with its 2017 pattern. According to the analysis, XRP could rally to a peak of $50 if the right conditions align.

XRP Breaches Symmetrical Triangle 

Data from the chart shows that after XRP dropped from the $0.06144 high in December 2013, it moved inside a tight symmetrical triangle that lasted 1,169 days between 2014 and 2017. 

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However, once the price broke out of this triangle in March 2017, it surged in a rally that stretched for another 322 days and delivered the 2017–2018 peak of $3.31 by January 2018. 

After this peak, XRP immediately slipped into a massive consolidation, forming another symmetrical triangle. This pattern lasted for an extended period, specifically 2,500 days, according to Sistine Research. XRP broke out in November 2024 amid the broader market uptrend at the time.

The Parallel Channel

However, the chart from Sistine Research identifies another parallel channel that took shape from April 2021. Notably, the upper red trendline of this channel emerged from the $3.31 peak in January 2018, representing the resistance of the channel. Meanwhile, the lower red trendline emerged from the $1.96 peak in April 2021, representing the support of the channel.

After XRP broke out of the symmetrical triangle, it entered this parallel channel, with support around $2 (the April 2021 peak) and resistance around $3.4 (the January 2018 peak). The Sistine Research chart indicates that it would need to breach the upper trendline to continue its uptrend.

XRP 1W Chart Sistine Research
XRP 1W Chart | Sistine Research

Importantly, this huge base mirrored the 2017 setup, only on a much larger scale. Measuring the triangle, the research firm set a conservative target between $33 and $50. It added that if the same structure is read as a cup and handle, the projection expands to $77–$100. 

To frame the timeline, Sistine marked 675 days beyond the breakout zone for these targets to materialize. Specifically, this points to 2026 or early 2027 as the period when the targets could play out.

XRP Maintains Support at the Parallel Channel

Interestingly, XRP price action since April has remained within the channel. In mid-May, XRP climbed to $2.65 but failed to reach the upper red trendline. From here, it dipped to $1.96 in June, touching the lower red trendline and confirming support. 

XRP Maintains Channel Support
XRP Maintains Channel Support

However, bulls quickly stepped in, driving the price to a new peak of $3.66 by mid-July for a direct retest of the upper red trendline. Nonetheless, XRP faced a massive rejection. Despite this, XRP has not dropped to retest the lower trendline support. Instead, it continues to consolidate above $3, preparing for another attempt at the ceiling.

Analysts Remain Bullish

Notably, other analysts remain bullish that another leg up could push prices above the channel. For one, Dark Defender recently pointed out that XRP has begun to break through initial weekly resistance. 

He presented near-term targets at $4.39 and $5.85 based on Fibonacci levels and highlighted support at $3.01 and $2.85, almost exactly where the lower red trendline from the Sistine Research channel sits. 

Meanwhile, Baron Dominus highlighted a cup-and-handle formation on the daily chart. The cup formed when XRP dropped from the January peak to $1.61 in April and then recovered to $3.66 in July. XRP is now forming the handle, with potential to reach $15 before year-end if momentum holds.

XRP Cup and Handle Structure Baron Dominus
XRP Cup and Handle Structure | Baron Dominus

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.

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

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