In an earlier update, CNF identified 5 Bullish Facts About XRP That Every Investor Needs to Know
including XRP Ledger’s (XRPL) support for tokenization and real-world assets. Despite this, XRP—the digital asset associated with Ripple Labs—has recently experienced a decline, reflecting the broader cryptocurrency market’s pullback.
However, even with positive developments like the settlement with the U.S. Securities and Exchange Commission (SEC), progress on XRP Exchange-Traded Funds (ETFs), and its inclusion in a U.S. strategic stockpile, the asset has struggled to break through the critical resistance level of $2.85.
Historical Patterns Suggest Imminent Surge
Crypto analyst EGRAG CRYPTO has pointed out a recurring pattern: XRP tends to form two peaks during bull runs. In 2021, the second peak followed 90 days after the first; in 2017, it occurred after 120 days.
Additionally, MackAttackXRP tweeted that XRP’s previous bull cycles suggest a potential run toward a new all-time high of $15 within the next 90 days.
Ripple’s XRP Bull Run Record Hints at New $15 All-Time High in 90 Days—Will History Repeat?
In a similar tune, EGRAG noted,
This historical timeframe provides us with a potential timeline for a great opportunity. Will history repeat itself, or will we experience an even longer peak?
Price Targets: Conservative to Ambitious
EGRAG CRYPTO has outlined multiple price targets, with $15 being the most conservative projection from current levels. Other analysts, such as Ali Martinez, argue that a breakout above $3.00 could invalidate the bearish head-and-shoulders pattern and open the door to a bullish reversal.
Long-Term Perspectives
Some analysts are zooming out to assess the long-term picture. For instance, RandomCryptoPal notes that XRP has recently broken out of a 7-year consolidation phase, a move that could resemble its historic 2017 rally.
Back then, XRP climbed from $0.003 to $3.31—a move that now fuels speculation of a similar surge from $3 to much higher levels.
Current Market Performance
While historical analysis offers optimistic projections, the crypto market remains highly volatile. At the time of writing, XRP is trading at $2.07, down 3.07% in the last 24 hours and 15.36% over the past week, according to Coin Market Cap data. See XRP price chart below.