Independent investment research firm Sistine Research believes XRP is preparing for a powerful price breakout.
This bullish call comes as XRP has dipped by 9% since last week, losing the psychological $3 level. It now trades at $2.75 after facing rejection at the $2.995 level yesterday.
Despite the short-term setback, a growing number of market watchers and researchers believe green days are around the corner.
In a tweet, Sistine Research noted that XRP has entered its third major compression phase since the U.S. election last November. For context, this pattern occurs when price action narrows into a steadily tighter range, reflecting a build-up of market pressure.
Liquidity Gaps Could Amplify the Breakout
As the price range tightens, the number of buy and sell orders becomes concentrated within a narrow band. This creates large gaps where there aren’t many orders just outside this range.
Accordingly, when XRP breaks out of this narrow range, these gaps can allow the price to move up rapidly because there aren’t many orders to slow it down.
Past Patterns Support This Idea
In the past, XRP has experienced similar compression phases followed by massive price increases. Three particular moments in XRP’s history stand out:
- The early 2017 price breakout from $0.0054 in February to $0.43 in May, netting nearly a 100x surge in 12 weeks.
- Following another compression after that surge, XRP expanded again by November that year, rising from around $0.18 to $3.84. This marked an over 21x price breakout in less than 12 weeks.
- More recently, a compression and expansion occurred from November 2024, with XRP rising from $0.50 to a peak above $3.40 by January 2025, netting a 7x surge. A continuation followed by July, when XRP reached $3.60.
Currently, the compression pattern is forming again, and a breakout is due. Sistine Research says this is the tightest and most explosive pattern yet. In other words, if the trend holds, XRP could see a powerful price move within the next few months.
How High Can XRP Go?
While Sistine Research offered no specific target for how high XRP could go, other analysts have been vocal about their price predictions.
For instance, analyst Matt Hughes sees a potential 773% rally, citing Fibonacci extension targets at $8.30, $13.39, and $26.63. A move to the highest target would turn 40,000 XRP into over $1 million. Fellow analyst EGRAG supports a similar $27 outlook.
Hughes, comparing XRP to Solana’s recent breakout, commented, “XRP wants to play too,” suggesting the coin may follow other major crypto assets in a big move.
In a separate analysis, EGRAG forecasts XRP to surge by 1,000% to $33, particularly if the altcoin market leader, Ethereum, soars to $33,000 based on historical pattern overshoots.
Moreover, he bases XRP’s $33 target on past Fibonacci extensions and a major triangle breakout, both supporting a bullish outlook near $31–$33. If realized, XRP’s market cap would reach around $2 trillion.
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