Українська
Русский
English
TradingShot Analyst Predicts When XRP Will Reach $8.5
With XRP reaching a new all-time high, it is projected that the crypto asset could climb to $8.50 in the coming months, driven by technical indicators.
XRP’s current price movement is mirroring its bullish cycle from 2017. This year, from January to July, XRP traded within a symmetrical triangle and recently broke out upwards — a classic signal of a parabolic rally, according to an analysis by TradingShot published on TradingView on July 17.
This breakout coincides with an upcoming “golden cross,” where the 50-day moving average is about to cross above the 200-day moving average — historically a strong bullish indicator.
TradingShot noted that this setup is almost identical to XRP’s 2017 cycle: a falling wedge, a sharp breakout, consolidation, and a final surge peaking near the 1.5 Fibonacci extension level.
The Relative Strength Index (RSI) is also showing similar behavior, with lower highs before the triangle and higher highs as momentum builds.
Based on these patterns, the analyst expects XRP to rise to $8.50 by the end of 2025, aligning with the 1.5 Fibonacci extension level.
See also: "Cardano Price Jumps 37%: Can ADA Climb Even Higher?"
