A crypto analyst who previously forecasted a massive 600% is once again drawing attention wꦇith a new technical analysis of the cryptocurrency. This time💦, the market expert says that XRP is getting ready for its next parabolic leg up.
XRP Price Setup Signals Violent Upswing
The latest XRP price analysis by market expert Crypto Michael that the top altcoin has just concluded a significant period of and could be poised for an extremely explosive upward move. In his X post, the analyst shared a supporting chart, capturing XRP’s price action f🅰rom 2017 to 2026, based on a long-term quarterly candle♔stick view.
Over these years, XRP formed a large symmetrical triangle through a convergence of trendlines, illustrating a prolonged phase of price compression and market indecision. This chart pattern, extending from a peak 🌳in 2018 through to mid-2024, culminated in a decisive brꦐeakout in 2025.
With Crypto Michael now considering , technical indicators show a shift into a buildup phase ahead of the . The analysis also highlights that this consolidation was necessary to accumulate buying pressure and position XRP for a shift out༺ of its downtrend.
Movi๊ng forward, the XRP price chart shows that the♏ analyst expects a soon. Once the cryptocurrency crosses the upper boundary of the triangle, a sustained move above key resistance levels could serve as a strong bullish signal.
While the analyst has not explicitly outlined the exact target for his optimistic proj♒ection, the trajectory of h𝕴is chart highlights that the XRP price, currently sitting at $2.22, is set to move upward.
Analyst Sets Next XRP ATH Target Above $80
In other news, crypto analyst CW has another incredibly bold forecast for the XRP price. The market expert presented a compelling multi-cycle chart,෴ suggesting that XRP is in the final stages of a long-☂term consolidation and is now gathering momentum for a .
According to CW’s chart analysis, XRP has been in a six-month accumulation period, similar to patterns seen in previous markets. This appears to be forming a converging triangle, which historically is a precurso🌌r to major upward moves.
Now at the cusp of a breakout, especialꦗly after testing the previous ATH region, the analyst suggests that XRP is finally stabilizing, interpreting this calm as a steady energy build-up for the next surge. If historical patterns hold, a surge beyond ATH prices could ignite a vertical rally.
The chart identifies the first target at the above $3.8, followed by a second target around $21.5. The final target, representing phase 5 of the analysis, points toಌ a parabolic surge beyond $80.
Featured image from Pexels, chart from TradingView
