XRP Price Surge Could Hit $12.73 Before Sharp Dip

XRP price forecasts are gaining significant attention after expert analysis suggests the cryptocurrency might hit a high of $12.73 before experiencing a substantial reversal. Top market analyst Tony Severino has raised a cautionary flag for investors, warning that XRP’s recent surge could soon reach its limit, followed by a notable crash.

Severino, a seasoned crypto trader known for his market timing, highlighted that XRP’s Fisher Transform indicator is nearing the overbought threshold — a pattern seen during previous peaks in 2017 and 2021. This indicator, which helps identify overextensions in momentum, suggests XRP may be approaching the top of its current rally.

Following a breakout from a multi-year symmetrical triangle formation, XRP climbed to a recent high of $3.66, marking its strongest level in nearly seven years. Though the asset has slightly corrected and now trades near $3.34, Severino believes the altcoin remains in a critical price discovery phase that could lead to a dramatic upside before any retreat.

XRP’s Price Path to $12.73

Anticipating continued bullish momentum, Severino projects that XRP may climb to $12.73 over the next several weeks. The timeframe points toward a potential peak in late August or early September. But the surge, he insists, could be brief and followed by a notable reversal. As such, traders are encouraged to develop an exit strategy early and consider placing limit sell orders at key resistance points to mitigate risk.

Severino draws parallels between the current market trend and XRP’s 2017 rally, when the coin catapulted from under a penny to over $3 in a matter of weeks. Should current momentum replicate this pattern, XRP could once again see a meteoric rise before declining sharply — an event many traders may not be prepared for without proper planning.

Plausible Crash Scenarios

Not all market outlooks remain upbeat for XRP. Analyst EGRAG offers a more sobering take with two potential scenarios for a post-peak collapse. The first scenario outlines a spike to $27, followed by a dramatic 97% correction down to $0.80 — a move reminiscent of the 2017–2018 cycle. Alternatively, a more conservative projection sees a peak at $9 before falling to $1.30. EGRAG even mentions a possible dip to $0.30 depending on how deep the market cycles extend.

These projections reinforce the need for caution, especially as XRP establishes new support zones. Many technical signals point to a nearing top, and while institutional adoption might extend the rally somewhat, historical patterns suggest a downturn may be unavoidable.

Golden Pocket Offers Temporary Relief

Meanwhile, trading expert CasiTrades emphasizes that XRP recently bounced back after dipping below the $3.17 support line, finding strength at the golden retracement level near $3.11. Known in Elliott Wave Theory for its significance during Wave 2 corrections, this level appears to have provided a key foundation for the upward rebound that followed.

The same analyst observed that XRP has since reclaimed the $3.21 level, which now acts as a short-term support zone. A successful push beyond the $3.66 barrier could signal the next bullish leg, targeting the $4.60–$4.80 range. With increasing trading volume supporting this trend, an explosive third wave could materialize, particularly if momentum maintains above key resistance points.

Related: XRP Price: $12M Max Pain for Bears

In summary, XRP appears to be at a turning point. If traders can manage risk and navigate volatility smartly, they may ride the climb to $12.73. However, that ascent may be brief, and being unprepared for a following crash could carry significant downside. Traders keeping a close watch on support levels, resistance targets, and historical indicators may have the upper hand in this high-stakes market cycle.