Analysts See XRP Reaching $7 to $15, Citing Cycle Blow-off Top and Symmetrical Triangle Breakout

Several analysts expect XRP to claim new price peaks in the foreseeable future, citing a blow-off top in the current cycle and a symmetrical triangle breakout. These analyses come on the back of the renewed momentum in the crypto market, buoyed by the recent Bitcoin (BTC) recovery above the $100,000 mark. XRP has also jumped on the uptrend, looking to break into the upper end of the $2 price region and leverage this as a launchpad for higher price gains. XRP in Parabolic Phase Amid this current push, market analyst Mags, who calls himself “the scalping pro,” believes XRP is on the verge of an impressive run. In his latest commentary , Mags first confirmed that he predicted an XRP rally when the asset was stuck below $0.5. This rally materialized when XRP soared nearly 600% from November 2024 to January 2025. Now, the analyst says a subsequent upsurge could occur, potentially leading to a $7 price target. Notably, after the November 2024 to January 2025 run, XRP faced a pullback from the $3.3 peak and slipped into a consolidation phase at the $2 mark. This consolidation has persisted since February 2025. Mags suggests the range-bound movements resemble what XRP faced back in 2017/2018. During this period, the asset rallied from $0.0055 in March 2017 to $0.3988 in what the analyst called a parabolic phase. After this phase, XRP consolidated for six months before soaring further to $3.4, which he referred to as the blow-off top pattern. In his chart, Mags indicated that XRP typically follows four different phases in each cycle: the first bounce, the accumulation phase, and then the parabolic phase and blow-off top. XRP Eyes $7 as Blow-off Top Target During this ongoing cycle, the accumulation stage occurred during the bear market from June 2022 to October 2024, as XRP hovered around $0.50. After this, the parabolic phase emerged in November 2024, with XRP soaring to the $3.4 peak by January 2025. Now, Mags suggests the current consolidation is similar to what the market observed during its six-month consolidation in 2017. Just like in 2017, he expects a breakout that would lead to the blow-off top, targeting an ultimate price of $7.3. This represents an increase of 202% from the current price of $2.41. A Possible Push to $15 However, while analyst Ali Martinez believes XRP has another leg up, he expects the asset to see a more substantial gain. Martinez cited a breakout from a multi-year symmetrical triangle pattern that formed from January 2018 to November 2024. XRP broke above this pattern when it rallied toward $2 after the U.S. elections in November 2024. If the governing pattern behind $XRP is this symmetrical triangle, the target could be $15. pic.twitter.com/zFICoLyu2x — Ali (@ali_charts) May 11, 2025 Currently, the asset is witnessing a consolidation after the breakout. According to Martinez, if the symmetrical triangle dynamics are still governing XRP’s current price action, the asset still has room for more growth. He expects a rally to $15, marking a 522% upsurge. Meanwhile, the analyst behind the Crypto Crew University trading platform is also bullish on XRP. In a recent analysis , he confirmed that XRP might be repeating an RSI explosion it observed in 2017 and 2021. This involves a surge in the monthly RSI above 65. According to the analyst, during the previous two instances of this explosion, XRP price saw a substantial upsurge. He believes this bullish push could repeat this time. He stressed that the Stock RSI cross-up could be the early signal that this bullish RSI explosion is about to occur. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Source: https://thecryptobasic.com/2025/05/12/analysts-see-xrp-reaching-7-to-15-citing-cycle-blow-off-top-and-symmetrical-triangle-breakout/?utm_source=rss&utm_medium=rss&utm_campaign=analysts-see-xrp-reaching-7-to-15-citing-cycle-blow-off-top-and-symmetrical-triangle-breakout