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In a technical analysis shared by crypto analyst Bobby A (@Bobby_1111888) on Is. The analysis sheds light on XRP’s past market cycles, applying percentage-based extrapolation and chart pattern assessment to forecast future price trajectory.
Is an XRP Price of $15 Realistic?
bobby a Analysis Compares XRP’s performance during the 2017 market cycle with its current 2024 trajectory. From the range-high breakout in 2017, marked by a horizontal black dashed line on the chart, XRP experienced an initial appreciation of 629%.
In comparison, the asset has increased by approximately 331% since its range-high breakout in 2024. From the December 2014 high to the May 2017 peak – approaching the 4.236 Fibonacci extension – XRP saw an astonishing 1,330% increase.
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Applying the percentage point halving theory as seen from the early surge in 2017, Bobby A believes that XRP’s next impulse could result in a 665% surge. This calculation puts XRP near the 4.236 Fibonacci extension level at $15.00.
“XRP appears to be halving its percentage point growth compared to its 2017 market cycle. If ,” Bobby A explained.
Notably, the analyst also notices a developing bull flag pattern, a continuation pattern that typically signals the possibility of further upside. This bullish flag is targeting the upper boundary of XRP’s macro parallel channel, which is estimated around the $10.50 price level. “The current bullish flag asset is targeting near $10.50 at the top of its macro parallel channel,” said Bobby A.
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Another analyst, Baci (@CryptoBasci), responded with a contrary viewpoint focused on fractal analysis. Bassey believes there could be a 42% correction in ongoing trading, predicting the price of XRP to reach $9, followed by a significant decline.
Elaborating on the fractal pattern, he said, “It looks like this run will be cut short by 42%, which will get us closer to $9, then a bigger drop. But you’re missing the last part of 2017.” If (big if) that happens, and we keep the same %, we get about $30 after months of accumulation.
Or even $35?
Bassi mentions a past Analysis Regarding Self where he emphasized the similarity between the 2024 race and the 2017 cycle. Notably, both periods display green candles for five consecutive weeks, although with different magnitudes – approximately 500% in 2024 compared to 1,200% in 2017.
He explains, “2017: 5 weeks of green candles at ~1,200%^, followed by 3 weeks of red candles down 63%. 2024: Also, 5 weeks of green candles up ~500% (~1/2 of 2017’s run), followed by… (so far) 1 week of red candles How much? You guessed it…down 30%. Subsequent correction phases also mirror each other, with XRP experiencing a 30% decline in 2024 compared to a 63% decline in 2017, each halving in size.
Based on this, Bassey has outlined potential future movements based on historical patterns, suggesting that if and potentially rise to $30 by September 2025.
Responding to Bassey’s analysis, Bobby A expressed cautious optimism, saying, “Yes, but I’m not sure the last push will come. I’m more confident about the next one.” Bassey concluded by highlighting the importance of following fractal patterns and real-time chart developments, “I think it will depend on how closely we follow the fractals. Let’s follow what the charts tell us so far. The weekly candles have been rising steadily for the past 8 weeks, I know that. $30-35 sounds crazy, but if we’re still keeping an eye on the 2017 race.”
At press time, XRP was trading at $2.1581.
Featured image created with DALL.E, chart from tradingview.com
