Crypto analyst Dark Defender has set an ambitious price target for XRP, forecasting that the cryptocurrency could surge to $280 between 2026 and 2027 if it replicates its 2017 bull run. The prediction is based on historical price movements and technical chart patterns, though the analyst also offered a more conservative target of $44.
XRP Price Could Mirror 2017 Rally
In a recent post on X (formerly Twitter), Dark Defender suggested that XRP might follow its historic 60,000% rally from 2017, which propelled the asset to its all-time high (ATH) of $3.3. According to his chart analysis, XRP’s parabolic rise could start as early as this year, ultimately leading to a massive price appreciation by 2027.
Another analyst, Egrag Crypto, echoed a similar outlook, predicting that XRP could hit $222 if history repeats itself.
‘Coffee Cup’ Pattern Suggests $44 Target
For a more measured outlook, Dark Defender pointed to a ‘Coffee Cup’ pattern, a U-shaped price formation that typically signals a bullish reversal. When paired with Elliott Wave Theory, this pattern suggests key price milestones:
- Wave 3 targets: $5.85 and $18.22
- Wave 5 target: $36
- Final breakout level: $44.22
XRP Testing Critical Resistance Levels
Meanwhile, crypto analyst CasiTrades noted that XRP is testing resistance at $2.54 and remains just below a key trendline within a consolidation phase. If XRP can break and hold above $2.54, the next targets would be $2.70 and $3.05. However, failure to hold above $2.42 could lead to a pullback to $1.50.
Looking ahead, CasiTrades remains optimistic that XRP is in the early stages of a Wave 3 breakout, which could propel prices to $9.50. This aligns with her broader macro target of $8 to $13.
Bullish Breakout to $5 in Sight?
Another analyst, Ali Martinez, projected that XRP could soon rally to $5, contingent on a key technical breakout. If XRP avoids closing below the head-and-shoulders neckline and instead breaks above the right shoulder, the bearish pattern would be invalidated, potentially triggering a strong uptrend.
Final Thoughts
While price predictions remain speculative, analysts continue to highlight technical patterns and historical trends suggesting that XRP could experience significant growth in the coming years. Whether it reaches $280, $44, or a more modest target, XRP remains a key player in the crypto space with strong investor interest.
Related topics:
Dogecoin Price Poised for Rally as Wallet Addresses Hit Record High
Mt. Gox Moves $1B in Bitcoin as Price Hits $92K, Sparking Repayment Speculation
