$7 on the Horizon: Analyst Adopts Optimistic Outlook for XRP’s Price Movement

XRP has recently surged in value, benefiting from Bitcoin’s rise past the $100,000 threshold. The prices have now reached the higher end of the $2 spectrum, encouraging some traders to speculate on even greater future valuations. According to analysts, a combination of traditional chart patterns suggests the possibility of new highs. However, historical trends indicate that substantial rallies can be accompanied by steep pullbacks.

XRP Rides the Bitcoin Wave

Reports indicate that the upward movement was triggered when Bitcoin surpassed important resistance near the $100,000 mark. Following this, XRP increased from approximately $0.50 in late 2024 to about $3.30 by January 2025, representing a remarkable gain of over 500%. Since February 2025, XRP has remained relatively stable around $2.40. Some traders interpret this as a brief lull before a significant move upward, while others caution that a narrow price range might entrap buyers in misleading breakouts.

Potential Parabolic Surge Ahead

Crypto analyst Mags, recognized for his scalping expertise, believes this period of sideways movement mirrors the trends observed in 2017. At that time, XRP propelled from $0.0055 in March 2017 to reach $0.3988 during a parabolic surge. Following six months of relative calm, it soared to $3.40, marking what he describes as a blow-off top. Presently,

$XRP is going to $7

Shared XRP below $0.5 before it went 6x.

The current consolidation looks similar to what we saw back in 2017-18 before the blow off top.

Expecting something similar.

easy 2-3x from here.. https://t.co/GG8uHFwRvK pic.twitter.com/b9juSGSp5y

— Mags (@thescalpingpro) May 10, 2025

Mags anticipates a similar historical pattern repeating. He envisions a potential price of $7.30, approximately double current prices. His analysis outlines four distinct stages for each cycle: an initial bounce, accumulation, a parabolic rise, and finally a blow-off top.

Triangle Breakout Indicates Upward Potential

Analyst Ali Martinez points to an additional pattern in play, suggesting a multi-year symmetrical triangle that extended from January 2018 to November 2024. XRP broke out of this formation, culminating in a spike toward $2 following the recent US elections.

If the governing pattern behind $XRP is this symmetrical triangle, the target could be $15. pic.twitter.com/zFICoLyu2x

— Ali (@ali_charts) May 11, 2025

Martinez believes that the projected movement from this triangle formation could elevate XRP to $15, signifying a 520% increase from $2.40. He adds that the current downturn might merely represent a consolidation phase following the breakout.

XRP: From $0.0028 to $3.92—A Bullish Outlook

The highest recorded value for XRP occurred on January 4, 2018, when it reached $3.92, while its lowest point was on July 7, 2014, at $0.002802. Following this peak, the cryptocurrency fell to a cycle low of $0.113268 before recovering to an earlier high of $3.38. At present, the prevailing market sentiment towards XRP is optimistic, with the market’s Fear & Greed Index indicating a score of 70, firmly in the “Greed” territory.

Featured image from Unsplash, chart from TradingView