XRP Signals $80 Target, Analyst Says

What to Know:

• A market analyst reiterates a potential $80 target for XRP, despite a recent 61% pullback from its all-time high.
• The analyst’s conviction is based on XRP’s breakout from a multi-year triangle formation, suggesting significant upside potential.
• This target matters for institutional investors monitoring XRP’s technical structure and potential for outsized returns.

XRP has faced headwinds, recently trading at $1.42, a significant drop from its peak. Yet, a prominent market analyst is revisiting an ambitious price target. This target, initially set when XRP was around $0.50, suggests substantial upside based on technical analysis. The confluence of factors warrants a closer look for those tracking XRP’s market dynamics.

XRP’s Technical Foundation

The analyst, known as Casi, first highlighted the $80 target in May 2024, focusing on a large triangle pattern that formed after XRP’s drop from its January 2018 high. This pattern represented six years of consolidation. Casi noted that XRP historically moves within such formations before making strong upward moves. The analyst pointed to a pattern where XRP typically posts an initial breakout wave, hits a peak target, and then enters a corrective phase.

Targets After Triangle Breakout

Based on the structure, Casi suggested that XRP could see a major breakout followed by another period of triangle consolidation. Casi identified extension targets between $8 and $13, measured from the triangle’s apex at $0.54 to a projected breakout high of $13. This calculation highlighted key levels, including $8.20, which she had already marked on her chart.

The analyst also noted that everything depended on where the breakout ultimately topped out. She said the high could land at $8, $13, or even $80, and traders would need to adjust expectations based on the outcome. She also discussed the depth of the next correction. According to her, the A wave would likely determine how deep the pullback would go.

XRP Breaches Triangle in Rally Above $2

By December 2024, XRP had climbed from $0.53 to $2.7, breaching the six-year symmetrical triangle. This massive move gave weight to her earlier breakout scenario. At that point, she discussed what might happen once XRP moved past its previous all-time high. This breakout was a key validation of the technical setup, suggesting a potential shift in XRP’s market structure.

🎯 Remember this: Once $XRP breaks its All-Time High, it’s uncharted territory. 🚀

Extension targets like $8, $13, or even $80 are all on the table, but technical analysis becomes much tougher from there. With no historical levels left, we’ll rely solely on projections—and where…

— CasiTrades 🔥 (@CasiTrades) December 2, 2024

Casi explained that once XRP breaks its record high, it enters completely new territory. Without past price levels to act as resistance, analysts must rely only on projections. She repeated that $8, $13, and even $80 remained possible extension targets.

Factors Aligning Despite Downtrend

Despite the recent downturn, Casi has reiterated her earlier projection, noting that new factors are starting to align. These factors, while not specifically detailed, suggest a potential resurgence in XRP’s upward momentum. The analyst specifically highlighted the possibility of the next Wave 3 forming, a phase that often represents the strongest move in Elliott Wave structures.

$80 XRP target mentioned May 2024. Other factors now aligning- Let’s see where this next W3 brings us! 😉🍿 https://t.co/4A9kfqHM48

— CasiTrades 🔥 (@CasiTrades) February 16, 2026

Institutional Implications

For institutional investors, the potential for XRP to reach such ambitious targets hinges on several factors. These include continued regulatory clarity, broader market sentiment towards digital assets, and the ongoing development of Ripple’s ecosystem. While technical analysis provides a framework, fundamental factors and market dynamics will ultimately determine XRP’s trajectory. The $80 target, while speculative, highlights the potential for outsized returns in the digital asset space, contingent on favorable market conditions and continued adoption.

In conclusion, the analyst’s reiteration of the $80 target for XRP serves as a reminder of the potential upside in the digital asset market. While XRP faces near-term challenges, the underlying technical structure and potential for renewed momentum warrant attention. As always, investors should conduct thorough due diligence and consider both technical and fundamental factors when evaluating investment opportunities in the crypto space.

Related: Crypto Week: Miners Report, XRP Signals Turn

Source: Original article