XRP Fibonacci Extensions Signal Rally to $8–$27
Analysts spot a symmetrical triangle breakout in XRP’s price, echoing the 2017 cycle and suggesting a 530% rally to $22.70 by August. ChartNerd’s monthly chart shows a breakout above key resistance along a 2017 trendline. Fibonacci extensions at 1.272 and 1.618 levels set XRP price prediction targets at $8.41 and $27.34, mirroring past extensions at $0.13 and $0.37. Trading near $3.25, XRP looks poised for bullish momentum. This XRP price prediction model uses recurring Fibonacci extensions and structured impulse waves, but traders should factor in market volatility, macroeconomic conditions and regulatory changes. This summary is for informational purposes and not financial advice.
Bullish
The combined analysis highlights a symmetrical triangle breakout and key trendline resistance breach, supported by Fibonacci extension targets ranging from $8.41 to $27.34. These technical indicators signal strong bullish sentiment. In the short term, traders may see renewed buying interest as XRP holds above the $3.25–$3.44 range, potentially driving momentum. Over the longer term, the 1.272 and 1.618 extension levels offer clear upside targets, reinforcing investor confidence. However, market volatility, macroeconomic shifts and regulatory developments could temper price swings, emphasizing the need for risk management.