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In this cycle, candlestick patterns promise XRP growth up to $27
According to crypto analyst ChartNerd, a new XRP rally could bring a 1000% gain for the token. His strong optimism is based on six-month candlestick patterns.
The first target zone is located near the $5 mark, with further growth potentially pushing the price into the $8–$13 range, creating conditions for a peak at $27. This corresponds to the Fibonacci extension level of 1.618.
Historically, XRP has followed similar breakout patterns, such as those seen in 2017–2018, which preceded a parabolic rise.
If XRP climbs to $27, the cryptocurrency’s market capitalization will rise to $1.61 trillion, allowing it to surpass the top altcoin, Ethereum (ETH).
To achieve such a result, XRP will need strong support from market participants and an inflow of institutional capital — a scenario that could materialize if U.S. regulators approve spot exchange-traded funds (ETFs).
At its current price of $2.45, XRP remains below both the 50-day simple moving average (SMA) at $2.84 and the 200-day SMA at $2.62, indicating a continued bearish trend.
The 14-day relative strength index (RSI) stands at 36.05, just above the oversold threshold of 30. This suggests that selling pressure has not yet reached extreme levels.
See also: "Bitcoin Has Entered a Stage of Forming a Local Bottom"
