XRP Price News: Analyst Eyes $7 After Ripple Breaks All-Time High
The post XRP Price News: Analyst Eyes $7 After Ripple Breaks All-Time High appeared first on Coinpedia Fintech News
XRP has exploded past its previous all-time high of $3.40, reaching $3.65, a big move that was much-awaited by the community. Over the past week, XRP has surged more than 40%, breaking out of a large symmetrical triangle it had been forming since the start of the year.
The breakout began around July 9, with strong momentum continuing into the following days. XRP smashed through the $3 resistance level, a price point that had acted as both support and resistance multiple times this year.
Why $3 Was So Important
According to analyst Lark Davis, the $3 level was important. In January and March, it had acted as a major barrier, first as support, then resistance. Now that XRP has broken above it, the big question is: can it stay there?
If it does, analysts believe XRP could push toward $4.10 or even $4.50 based on technical projections. This target is based on the height of the triangle pattern that XRP just broke out of.
All Eyes on the Retest
Short term, what happens next will likely depend on how XRP behaves around the $3 mark. If the price retests $3 and holds, it could be a strong signal for another leg up. If it drops below that level again, XRP might trade sideways for a bit between $2.60 and $3.
How High Can XRP Go This Year?
A Fibonacci extension points to a possible price of $4.68. And if Bitcoin continues its own bullish trend toward $150K, XRP might even stretch to $5 or more this year.
Options markets also show that traders are betting on more upside. There’s nearly a 20% chance XRP hits $4.50 by September, according to data from recent call options.
Could we see $7 XRP by the end of the year if Bitcoin hits $200K? Davis says it’s possible, but it would require a huge push. A $10 XRP would mean a $590 billion market cap—which, while not impossible, is definitely a high bar.