Market Strategist Says XRP Is an Insane Opportunity. Here’s why
XRP remains a key focus for crypto analysts who continue to emphasize its potential for significant price appreciation, even amid short-term market pullbacks. A recent assessment by a widely-followed market commentator, known as “The Analyst,” identifies a technical pattern that could lead to a major upward movement in XRP’s price. Following a recent decline of nearly 14%, the token currently trades around $2.33. This correction comes after the cryptocurrency surged to $2.655, a level it had not reached since March, spurred by Bitcoin’s rise above the $100,000 threshold. However, the current downward adjustment has not diminished optimism among analysts who believe XRP is forming the basis for another strong rally. $XRP minimum target is 6.5$ Possibly up to 9.5$ This is an insane opportunity. pic.twitter.com/Xjoxh1gZwS — The Analyst (@MMatters22596) May 18, 2025 XRP Poised for Further Upside, Analyst Claims According to The Analyst’s breakdown shared on May 18, XRP has completed a classic five-wave Elliott Wave structure on the daily chart. The initial wave began in November 2024 with a notable 500% price increase, and the fifth wave concluded in January 2025 at a high of $3.399. Since then, XRP has experienced a series of pullbacks but has consistently bounced from a key descending support line. One notable recovery occurred after the asset declined to the $1.614 level, which coincided with the 0.618 Fibonacci retracement zone, often viewed as a significant technical support region. This alignment led to a renewed upward movement, reinforcing the view that the market structure remains bullish. The Analyst suggests that a successful retest of the $3.40 resistance, previously established during the January peak, could open the door for a move to the $6.50 mark, representing a potential gain of over 180% from current prices. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This target corresponds with the 1.618 Fibonacci extension level. The report further anticipates that $6.50 is merely a conservative estimate, with a higher range of up to $9.50 also in consideration, which would equate to a 313% increase from current trading levels. Broader Market Supports Bullish Outlook The Analyst is not the only voice projecting strong upside for XRP. Other notable market watchers, including “ The Modern Investor ” and “DK64Trades,” have similarly projected price targets above $9. One of them expects XRP to reach this level by September 2025, while another suggests that prices above $10 are achievable in the current cycle, referencing XRP’s previous performance in early 2018. Downside Risks Remain Despite the optimistic outlook, some analysts urge caution. Ali Martinez, another respected market expert, has pointed out a potentially bearish technical pattern forming on the hourly chart. Specifically, he highlighted a head-and-shoulders setup with $2.30 acting as the key support level. Should this support fail, Martinez warns that XRP could retreat toward the $2.00 range, its trading level earlier this month. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Market Strategist Says XRP Is an Insane Opportunity. Here’s why appeared first on Times Tabloid .
Original article from timestabloid
Source: timestabloid
Published: May 21, 2025