XRP Price Prediction: Analyst Targets $17 as Bull Run Breakout Holds

Published: 2026-06-06 06:27:51 |

Crypto analyst Celal Kucuker argues XRP has a strong long-term technical setup and could reach $17 in the current bull run. Using a weekly XRP/USD chart dating back to 2017, he links the move to a multi-year breakout: an 2018 peak-period descending resistance repeatedly capped price, and XRP reportedly broke above it in late 2024. The latest update emphasizes a key trade condition: XRP must hold above the former resistance zone now acting as support to keep the breakout intact. The chart also shows XRP within a larger ascending channel. After a 2025 peak around $3.65, the analyst expects a corrective phase that could function as a retest before the next leg higher. Upside targets are aligned with the channel’s upper boundary, roughly $17.53. The article claims this would imply an XRP market cap over $1T, about 5x the cited ETH figure, and could help XRP challenge Ethereum’s industry ranking. For traders, the main near-term risk remains whether XRP continues to defend the post-breakout support level. (Not financial advice.)

Bullish

The thesis is bullish for XRP because the analyst’s chart-based argument depends on a confirmed multi-year breakout (late 2024) and, importantly, the expectation that XRP will use the former resistance zone as support. The channel framework also implies upside alignment toward $17–$17.53 after a likely corrective retest following the 2025 peak. Short-term impact: price action will likely hinge on whether XRP can defend the post-breakout support level. Failure to hold support would weaken the bullish structure and could trigger a deeper pullback. Long-term impact: if XRP continues to respect the ascending channel and keeps printing higher lows, traders may increase upside positioning toward the $17 area, potentially improving sentiment around XRP relative to ETH. External catalysts like clearer US regulation were mentioned in earlier discussion, which can further support bids, but the latest piece keeps the focus on technical confirmation.