XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles

Share This Post

As uncertainty in the broader market looms over the crypto space, some market pundits remain remarkably upbeat—especially when it comes to XRP.

A anonymous cryptocurrency analyst referred to as “Papa” sees XRP reaching a price of up to $14 despite the latest challenges besetting the digital money. The bold prediction comes amid XRP fighting to hold steady at the level of around $2 after experiencing four straight days of losses.

Market Sends Uncertain Signals On XRP Future

XRP last reached a two-week high of $2.24 on April 13 before pressure from selling took it down to $2.04 by Friday, April 18.

This 4% decline was the first instance since late March when XRP had recorded four consecutive days of falling prices. As per current technical markers, sentiment remains neutral while the Fear & Greed Index hovers at 39, solidly in “Fear” territory.

In spite of these warning signs, Papa is convinced XRP is “screaming higher” according to chart patterns that reflect the cryptocurrency’s historic bull run of 2017-2018.

History May Repeat With New Chart Patterns

Reflecting on XRP’s most explosive growth phase, the analyst identifies a symmetrical triangle pattern that developed on a 44-day chart in the 2017-2018 bull market.

Following an initial 7,800% rise from $0.0055 in March 2017 to $0.3988 in May of that year, XRP consolidated before breaking out to hit its then-all-time high of $3.31 in January 2018—a breathtaking 1,760% rise from its low of $0.177.

Based on these figures, Papa observes similar trends emerging in the current market. In the present cycle, XRP rose 570% from November 2024 at $0.50 to an all-time high of $3.39 in January 2025. Since then, it has fallen 38% and spent three months consolidating.

Technical Indicators Hint At Double-Digit Prices

The analyst’s price targets are derived from Fibonacci extension levels—technical indicators that traders use to forecast price action. During its 2017-2018 run, XRP hit multiple Fibonacci targets at the 1.272, 1.618, 2.618, and 4.618 levels.

This type of projection isn’t wishful thinking—it’s driven by historical trends and a technical configuration that has taken shape in market cycles. Fibonacci extensions are considered a guide map by many experienced traders, particularly when an asset moves out of years-long zones of consolidation.

In the case of XRP, the intersection of structural resistance, sentiment, and historical Fibonacci behavior provides a strong ground for a breakout, that if conditions are right.

From current levels, the analyst sees a potential 575% climb for the altcoin, with the $14 target aligning with the 4.618 Fibonacci extension. He believes hitting that mark depends on XRP breaking above the upper trendline of its current parallel channel at $3, which would set the stage for a similar extension in this cycle.

Whether Papa’s pattern-based forecast is accurate or not will hinge on XRP’s capacity to overcome the all-important $3 resistance ceiling within the next few weeks.

Featured image from CoinFlip, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Upbit Freezes $1.77M in Stolen Assets

The post Upbit Freezes $177M in Stolen Assets appeared first on Coinpedia Fintech News South Korea’s largest crypto exchange, Upbit, has frozen $177 million in assets tied to a recent hack while

Altcoin: Làn sóng ETF bùng nổ – XRP, SOL, LTC, HBAR, DOGE, LINK và sự xuất hiện của cơ hội mới

Trong khi mọi ánh mắt đổ dồn vào các ETF Solana (SOL) với tổng dòng vốn vào khoảng $682 triệu, thì ETF XRP âm thầm vượt mặt với $874 triệu — dù các sản

ZKsync to Retire ZKsync Lite in 2026

The post ZKsync to Retire ZKsync Lite in 2026 appeared first on Coinpedia Fintech News ZKsync has confirmed it will retire ZKsync Lite, previously called ZKsync 10, in 2026 Launched in June 2020 as

Bitcoin Quantum ‘Doomsday’ Fears Are Overblown, a16z Research Says

A new a16z crypto research paper argues that apocalyptic narratives about quantum computers instantly killing Bitcoin are badly misaligned with reality, and that the real risk for blockchains lies in

Coinbase Returns to India After 2-Years

The post Coinbase Returns to India After 2-Years appeared first on Coinpedia Fintech News Coinbase has resumed user registrations in India after over two years, now offering crypto-to-crypto trading

XRP Price Could Surge 16% – Here’s Why

The post XRP Price Could Surge 16% – Here’s Why appeared first on Coinpedia Fintech News XRP price today is again testing the $2 support level, a zone that has held firm several times this year