Market analyst Bobby A recently presented four ambitious profit-taking targets for XRP, citing four important indicators currently aligning for a bullish breakout.

The latest analysis comes on the back of the recent XRP price recovery, as the altcoin pushes above the $0.90 price territory. Notably, the report centers on expanding Bollinger Bands, critical momentum oscillators and key Fibonacci levels.

XRP Bollinger Bands and Momentum Oscillators

The Bollinger Bands, which measure volatility, show a new phase of expansion after over a year of contraction. Historically, XRP has followed similar contractions and expansions with massive price surges. 

The last two instances of this pattern, in 2017 and 2020, led to some of XRP’s most notable bull runs. For context, the altcoin rallied by nearly 60,000% to hit $3.31 in 2018 and by over 700% to claim $1.96 in 2021 following previous expansions.

Interestingly, Bobby A also presented three momentum oscillators whose alignment has historically preceded XRP’s largest price moves. The Relative Strength Index (RSI) is one such indicator, showing a pattern that closely resembles its behavior during past breakouts. 

Particularly, each time the RSI retested its signal line below the 50 level and then spiked upward, XRP entered a strong bullish phase. This setup occurred before the 2017/2018 breakout and also before XRP surged in 2021.

In addition, the Stochastic RSI is showing bullish signs. Historically, when the Stochastic RSI dipped below the 0 mark, retested the signal line, and then crossed above it, XRP experienced a major rally.

Meanwhile, the MACD (Moving Average Convergence Divergence) indicator strengthens the case for a bullish breakout. During previous surges, the MACD line crossing above its signal line and the appearance of bullish histogram bars marked the start of strong upward trends. 

All three momentum oscillators featured these patterns at the same time in the 2017/2018 market cycle, right before XRP spiked to $3.31. Further, these signals also came up in the 2020/2021 cycle, preceding XRP’s rapid surge to $1.96.

XRP Profit-Taking Targets on Fibonacci Levels

Now, all indicators are showing the exact same signs. The alignment of these indicators is particularly noteworthy because such a confluence has only occurred twice before in XRP’s history, both times leading to monumental price increases. 

Meanwhile, XRP currently trades around $0.97, up 91% this month as it stages its own uptick. XRP has immediate support at the Fibonacci 0.236 level, roughly $0.8722. 

Should the rally persist, and the price reclaim the $1 threshold, it would open the door to the next resistance levels at $1.34 and $1.72, corresponding to the Fibonacci 0.382 and 0.5 levels, respectively. These are important zones for bulls to conquer before XRP can aim for higher price targets.  

Bobby A predicts further upside with Fibonacci levels on the 1-month chart, which outline ambitious but attainable profit targets. He identifies the first major target at $5.3, corresponding to the 1.618 Fibonacci extension. 

From there, subsequent targets include $8.52, $11.73, and $13.72, all lying within a defined “take-profit zone” on the chart. These targets suggest XRP could see exponential gains in a manner similar to previous market cycles.  

Amid the upsurge, XRP is also witnessing rising volumes, a key component of sustained rallies. For more details, explore the cryptocurrency news Ripple XRP. Volume increases often signal growing interest and momentum, and this trend is now visible on XRP’s chart.

XRP whales are amassing the cryptocurrency in scads as bullish momentum pushes the coin to three-year highs.

XRP has been in fine form in the past seven days. The XRPL native token has exploded 70% in the past week amidst swelling bullish momentum around its ecosystem amid speculations around SEC Chair Gary Gensler’s potential resignation.

The asset’s considerable upsurge has seen it hit a three-year high, reaching prices not seen since December 2021. XRP also reclaimed the $50 billion market cap, putting it on course to overtake meme coin Dogecoin in the rankings.

Meanwhile, XRP’s uptick is not the only bullish activity in its ecosystem. On-chain data shows that buying activities have also ramped up as whales look to stack XRP amidst price reawakening.

XRP Whales Buy 320M XRP in 72 Hours

In a Friday tweet, market expert Ali Martinez shares a Santiment data showing that XRP whales are massively amassing the token in large amounts. The data shows that these XRP whales have bought 320 million XRP in the past 72 hours, facilitating the bullish momentum.

Notably, this substantial stash was acquired by wallets holding between 1 million and 100 million XRP, with their cumulative bags nearing 11 billion XRP. Also, the 320 million XRP is worth $303 million at the current price.

Furthermore, Martinez’s post confirmed an earlier report indicating whale activities have reached epic levels. The Crypto Basic reported that XRP whales holding at least 1 million XRP have reached a six-year high, with their stash surpassing 45.61 billion XRP.

Meanwhile, the accumulation uptick signals a growing traction towards XRP amidst a bullish price outburst. It also indicates XRP whales are expecting more upsides for the leading cryptocurrency amidst speculations of regulatory clarity following Ripple CEO Brad Garlinghouse’s meeting with Donald Trump.

XRP Nears $1

The bullish upswing in the XRP price has pushed the asset near $1, a value it last traded in over three years. At the current price of $0.9684, XRP is just 3.3% away from breaching the 1-dollar valuation.

An analyst has insisted that it would break $1 in 24 hours, expecting whale inflows to catalyze the push. Other analysts also anticipate the same outcome, speculating FOMO would push the asset higher than $1.

Meanwhile, market commentator Egrag expects the XRP bullish momentum to continue, arguing that it would be price manipulation if XRP surges less than 40x this bull cycle.

With XRP briefly emerging among the top gainers last night, the asset is garnering praise even from prominent critics who had previously written it off.

In a post on X today, widely followed analyst Rafaela Rigo noted that the previously sluggish crypto asset XRP is now poised to become a bullish runner.

This praise came after XRP hit a 17-month high of $0.8452 yesterday, following an intraday price surge of 23%. Considering that XRP traded as low as $0.4937 on November 3, the altcoin’s price has surged by 71.12% since then.

Historically, XRP had been one of the worst-performing assets among the top ten cryptocurrencies. However, it now boasts the best seven-day price performance, trailing only Dogecoin among the top ten.

“The snail is ready to become a runner,” said analyst Rigo, commenting on XRP’s recent price action.

Optimism for XRP’s Performance

Accompanying her post was a chart showing her expectations for XRP to gain an additional 75%, potentially pushing its price above the $1 mark to $1.345. Notably, XRP last traded at these levels in 2021.

Bitcoin Maxi Invests $2M in XRP

Similarly, “MMCrypto,” a prominent pro-Bitcoin crypto pundit known for his critical stance on XRP, has also flipped bullish on the asset. When XRP first broke into the $0.70 range on Tuesday, MMCrypto declared that XRP was no longer a stablecoin and disclosed his acquisition of $2 million worth of XRP tokens.

In more recent posts, he noted that XRP was displaying a coiling pattern, suggesting it is nearing a breakout point, and highlighted that a significant move could happen within the next 6 hours.

After XRP briefly pulled back to retest the $0.786 level following the surge above $0.80, he warned traders to proceed with caution. Notably, this pullback was triggered by Bitcoin’s volatility.

XRP Train in Motion — Road to $27?

Meanwhile, analysts are becoming increasingly confident that the era of cheap XRP is coming to an end. According to analyst Mikybull, “The train has already left the station.” 

Mikybull told XRP holders to expect a massive rally that could push the cryptocurrency to a new all-time high by March 2025. He has projected a potential surge to $12, representing a remarkable 1,400% increase from XRP’s current price level.

Meanwhile, market analyst EGRAG believes that anything less than a 4,000% increase for XRP this cycle could signal market manipulation. EGRAG sees the possibility of far greater gains for XRP, including a potential 96x rise to $27 from its cycle low of $0.28.