A well-known analyst has identified an extended target for XRP, further sharing where market participants could consider taking profit.

Despite the occasional bullish developments, the XRP price has not recorded the much-needed explosive run. These developments have included progress on XRP ETFs, inclusion of XRP in a U.S. strategic stockpile and the SEC’s decision to drop its appeal against Ripple.

While bullish sentiments have sprung up with these developments, XRP has failed to breach the resistance level of around $2.6 to $2.8. However, analysts like EGRAG Crypto are confident that when a breakout occurs, the impact could be exceptional.

XRP Retesting Triangle Breakout

EGRAG stressed this in one of his recent analyses, bringing up what he called an “extended target” for the asset once it transcends this range-bound phase. His chart identified what appears to be an unconventional ascending triangle pattern on the weekly chart.

Specifically, the triangle features a flat upper trendline, indicating resistance around the $2 psychological level, and an upward-slanting lower trendline showing higher lows. Notably, while XRP observed higher lows, the resistance at the upper trendline hindered a breakout for nearly seven years.

The asset attempted to breach this resistance in April 2021 but observed a roadblock at $1.96. Interestingly, the next attempt came up in November to December 2024, during which XRP surpassed the $2 psychological mark. This allowed it to breach the upper trendline’s resistance.

However, EGRAG’s chart shows that the recent pullback from the January 2015 high of $3.4 is an attempt to retest the triangle breakout. Once this retest is complete and XRP maintains a position above $2 and the upper trendline, an explosive run could occur.

XRP Breakout Targets and Profit-Taking Zone

The analyst has presented multiple targets for when this explosive rally materializes, with the conservative target coming in at $15. This represents the lowest target for this run, demanding a 514% increase from the current XRP price. The next target, which comes from a normal measurement of the breakout, rests at $22.

Meanwhile, EGRAG’s personal target for the run has always been $27. Last December, EGRAG presented this $27 target following a breach of what he calls the Break of Structure (BOS). In January 2025, he also predicted a run to $27, citing a “Megaphone” pattern.

However, for this analysis, the market analyst believes XRP has the potential to surpass his personal target of $27. Accordingly, he revealed a more substantial “extended target” of $44, representing a massive 1,703% increase from current levels.

Despite his ambitious targets, EGRAG suggested that investors take profit to the top. According to him, market participants can start taking profit once XRP reaches $5 and then continue until the $9 mark. Currently, XRP changes hands at $2.44, up 1.12% over the past 24 hours.

Market analyst Dom believes XRP could see further price upside, citing historical price behavior and current market conditions. 

In a recent analysis, he pointed out that XRP has displayed a particular pattern at cycle tops in the past, seeing rapid spikes followed by immediate declines. However, the current price action deviates from this trend, suggesting there could be a potential for more upside.

This commentary comes when XRP is facing intense bearish pressure at the highs around $2. After each attempt to breach the $2.6 to $2.8 resistance range, the altcoin witnesses opposition. This has led to constant declines. Nonetheless, the asset has maintained a base at the lower end of the $2 mark.

Past Trend of Immediate Declines After Cycle Top

Dom believes this steady base is extremely bullish. He highlighted past market cycles where XRP saw sharp rallies but failed to hold gains. 

For instance, XRP rose sharply to $0.0614 in December 2013 and immediately crashed to $0.00281 months later. It soared to $0.02803 by December 2014 and recorded another immediate drop. This repeated in January 2018, with a sharp spike to $3.8 and then a massive drop immediately.

The market also observed this trend in April 2021 when XRP rose to $1.96 and in July 2023, when it saw $0.95. In each of these cases, XRP never established a stable price range at the peak, meaning market participants did not reach a consensus on value. As a result, prices collapsed soon after.

XRP Maintains $2

However, this time, XRP has been trading above $2 for nearly three months, unlike previous cycles where it quickly reversed from highs. Dom believes prolonged price stability at this level suggests that the market is accepting these prices. This contrasts with previous tops.

“The longer price spends time at a level, it’s always just reflective of how much market participants agree on that price,” the analyst remarked. In his view, the ongoing range formation could lead to a bullish expansion once the market reaches equilibrium.

Dom explained that true cycle tops tend to form quickly, without presenting traders much opportunity to exit at high levels. Since XRP continues to hold its range above $2, he sees a higher probability of continued upside rather than a downturn.

Furthermore, in past cycles, XRP saw sharp increases in volume during price spikes, followed by an equally swift drop-off as the market rejected those price levels. However, this time, volume remains steady, suggesting there is market participation at current prices. 

If XRP was forming another classic cycle top, volume would likely have already faded, and price would have begun a sharp decline. Instead, the market continues to absorb supply at these levels.

While Dom has emphasized that there is a high possibility of further upside, it remains to be seen when a breakout from this range could occur. Analysts like Austin Hilton suggest the market could be awaiting a significant development. Currently, XRP changes hands at $2.43, down 1.28% in the past 24 hours.

In a recent tweet, Edoardo Farina, the founder of Alpha Lions Academy, shared a bold perspective on XRP potential.

Farina expressed his belief that, under normal market conditions, XRP would already be trading above $100. Notably, XRP is currently worth $2.44, trading 36% below its all-time high. However, this price reflects an impressive 286% gain over the past year.

XRP enthusiasts believe the token is undervalued, and Farina suggests that XRP’s value does not currently reflect its true potential. He emphasized that XRP is the only fully regulated crypto asset in the U.S., and as such, it should be trading at a much higher price if the market was functioning under “normal” circumstances.

Forces Holding XRP Back

Commentators like Farina attribute this discrepancy to external factors, including regulatory pressure from the Ripple lawsuit. Notably, XRP faced significant challenges amid legal battles with the U.S. SEC. The legal action created uncertainty in the market but was eased in July 2023 when the court ruled that XRP is not a security.

While the judgment briefly boosted XRP’s price, the momentum was short-lived. The XRP price later retraced to levels it traded at before the court ruling. Enthusiasts attributed the performance to the ongoing Ripple lawsuit, arguing that a final ruling would propel XRP.

However, the final judgment came in August 2024, and XRP’s price remained largely the same. The main surge for XRP came after Gary Gensler announced his resignation from the SEC in November 2024. Meanwhile, the most recent announcement of the SEC dropping its appeal against Ripple failed to boost XRP’s price further.

Commentators view all of these factors as abnormal market conditions for XRP, hindering its expected growth.

Meanwhile, Farina noted that the largest transfers of wealth typically don’t occur under “normal” conditions. This statement suggests that, regardless of the challenges facing XRP, a major disruption could still occur that would erase years of underperformance.

Biggest Candle in History Upon Breaking Free from Bitcoin

Farina concluded his tweet by suggesting that once XRP “breaks free from Bitcoin,” the asset will see an explosive candle. This implies that XRP’s price, like other altcoins, mirrors Bitcoin’s price performance. He hopes for XRP to decouple from Bitcoin’s movement and move independently.

According to Farina, this independence from Bitcoin’s movements could trigger a rally unlike anything seen before in XRP’s history.

“I expect the most explosive candle in history once XRP finally breaks free from Bitcoin,” Farina wrote.