A Look At Historical Price Alignments

The Potential for XRP to Reach $15

In a comprehensive technical analysis, crypto analyst Bobby A (@Bobby_1111888) has shared insights on the potential for XRP to achieve the $15 mark during the current bull run. This projection hinges on historical price movement patterns aligning favorably. The analysis takes a deep dive into XRP’s past market cycles, using percentage-based extrapolations and chart pattern assessments to predict future price trends.

Is a $15 XRP Price Realistic?

Bobby A’s analysis compares XRP’s performance during its 2017 market cycle against its current trajectory in 2024. Back in 2017, from the range-high breakout, identified by a horizontal black dashed line on the chart, XRP underwent an initial surge of 629%. In contrast, since its range-high breakout in 2024, the asset has appreciated approximately 331%.

Looking further back, from the December 2014 high to the May 2017 peak—approaching the 4.236 Fibonacci extension—XRP saw an impressive 1,330% increase. Applying the principle of reducing percentage increases by half, as observed from the initial surge in 2017, Bobby A suggests that XRP’s next impulse could result in a 665% increase. This calculation places XRP at an approximate $15.00 near the 4.236 Fibonacci extension level.

According to Bobby A, “XRP appears to be halving its percentage point increases compared to its 2017 market cycle. If XRP reduces its next impulse by half from a percentage point increase perspective, as it did with this first one, it could position the asset’s price around ~$15.00 near its 4.236 extension after a potential 665% increase.”

Related Analysis

Notably, Bobby A also highlights the emergence of a bull flag pattern, a continuation pattern that often signals potential further upward movement. This bull flag targets the upper boundary of XRP’s macro parallel channel, estimated around the $10.50 price level. Bobby A notes, “The current bull flag the asset is forming targets the top of its macro parallel channel near $10.50.”

Contrasting Views on XRP’s Future

Another analyst, Bassii (@cryptobassii), offers a differing perspective based on fractal analysis. He suggests that the ongoing rally might be curtailed by 42%, projecting XRP’s price to approach $9, followed by a significant downturn.

Bassii explains, “This run seems to be cut to 42%, bringing us close to $9, then a big drop. But if the last part of the 2017 run happens, and we maintain the same percentage, we could see around $30 after months of accumulation.”

Or Even $35?

Bassii draws parallels between the 2024 run and the 2017 cycle, noting both periods feature five weeks of consecutive green candles, albeit with different magnitudes—approximately 500% in 2024 compared to 1,200% in 2017. He observes, “In 2017, there were 5 weeks of green candles with a ~1,200% increase, followed by 3 weeks of red candles with a 63% drop. Similarly, in 2024, there have been 5 weeks of green candles with a ~500% increase (~1/2 of 2017’s run), followed by 1 week of red candles down 30%.”

The correction phases also mirror each other, with XRP experiencing a 30% decline in 2024 compared to a 63% drop in 2017, each roughly halved in magnitude. Based on these patterns, Bassii suggests that if XRP continues to follow these fractal patterns without significant breakdowns, it could accumulate over several months and potentially ascend to $30 by September 2025.

Responding to Bassii’s analysis, Bobby A expresses cautious optimism, stating, “I’m not sure the last impulse will come, but I’m much more confident in the next one.” Bassii adds, “I think it will depend on how closely we follow the fractals and what the chart tells us during this upcoming run. So far, it’s followed very closely. The weekly candles for the last 8 weeks have followed beat by beat. I’m not a moon boy, I know how crazy $30-35 sounds. But if we’re still tracking the 2017 run.”