Veteran Trader Predicts Double-digit XRP Next Target Based on This Historical Formation ...Middle East

A veteran trader has presented a three-week XRP outlook, analyzing historical price trends and Fibonacci levels to predict continued upward movement. XRP has experienced a steady rise in price recently, reaching $2.32 from just below $2.10 on June 6. This marks a notable increase, with a 2.09% gain in the last 24 hours and a 3.94% rise over the past week. As the crypto continues its upward trend, an analyst, Pepa, offers a detailed three-week outlook for XRP. He draws attention to historical price movements and Fibonacci levels that could potentially guide the asset's future path. Pepa's 3-Week Price Analysis for XRP Pepa, a crypto trader since 2013, has presented an intriguing three-week price analysis for XRP. He highlights a significant pattern that has emerged over time, resembling historical price movements dating back to 2014.  According to Pepa’s chart, XRP initially formed a descending trendline when its price peaked at $0.20 and then dropped to $0.004. This marked the 0 Fibonacci level, after which the price broke through the trendline and surged to $0.39 by May 2017. This surge, reaching the 7 Fibonacci level, was followed by further consolidation before XRP eventually soared to $3.4 by January 2018. Pepa suggests that this same pattern has repeated in more recent years. Specifically, from a peak of $3.4 in 2018, another descending trendline formed, which capped XRP’s price action. The price then broke out in November 2024, surging to $3.4 by January 2025.  Now, XRP has slipped into another consolidation phase. Pepa expects the consolidation to end soon, projecting a continuation of the upward trend. He believes this continuation of the uptrend could eventually push XRP to the 7 Fibonacci level, around $23.94.  To reach this target, XRP would need to rise by approximately 931.9% from its current price of $2.32. EGRAG Crypto’s Bullish Market Cap Forecast Meanwhile, EGRAG Crypto, another market technician, is focusing on XRP's market cap chart, where he has identified a W pattern formation. This pattern, resembling a cup and handle structure, suggests that a breakout to the upside is imminent.  EGRAG presents a more conservative analysis of XRP's potential, forecasting a market cap target of $270 billion based on the W pattern’s measured move. This would correspond to an XRP price of around $4.5. However, in a more optimistic scenario, EGRAG also considers a logarithmic move that could push the market cap to $1.5 trillion, which would lead to an XRP price of $25.

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