XRP Price Outlook: Veteran Trader Sees $23 High Ahead

XRP has captured the spotlight once again as expert analysis points to a potential major rally, with forecasts suggesting prices could reach as high as $23. In a recent market review, crypto veteran Pepa provided a compelling three-week projection that uses past price behaviors and Fibonacci levels to predict future performance.

Over the last few days, XRP has shown solid momentum, climbing to $2.32 from just under $2.10 since June 6. This upward move represents a 2.09% increase over the past 24 hours and a 3.94% gain within the week. Such consistent growth lends credibility to Pepa’s outlook, which is rooted in XRP’s historical price cycles.

Pepa’s Three-Week XRP Projection Based on Historical Trends

Pepa, who has been trading cryptocurrencies since 2013, outlined a multi-year pattern that appears to be repeating for XRP. According to his chart, a descending trendline was initially formed after XRP’s price climbed to $0.20 and then fell to a low of $0.004. This marked the lowest Fibonacci retracement level (level 0). The digital asset later broke this trendline resistance, leading to a surge that peaked near $0.39 by May 2017—around Fibonacci level 7.

In the months and years that followed, XRP consolidated before its price exploded to $3.40 in January 2018. Pepa believes this historical cycle offers insight into XRP’s current trajectory, which appears to be mirroring that earlier pattern.

From XRP’s 2018 peak of $3.40, another long-term descending trendline took shape. This acted as resistance until the token broke out again in November 2024, rallying back to the same $3.40 level by January 2025. At present, XRP seems to be in another consolidation phase, much like past patterns observed before significant price moves.

Pepa anticipates that this phase may soon end, unleashing another upward swing similar to what happened in late 2017. Should XRP repeat this historical pathway and hit the Fibonacci level 7 again, the projected price target would be around $23.94. To achieve this, XRP would need to surge by approximately 931.9% from its current value of $2.32.

Market Cap Insights from EGRAG Crypto

While Pepa focuses on chart patterns and Fibonacci projections, market analyst EGRAG Crypto is examining XRP’s performance through its market cap. In his analysis, he identifies a W structure on the chart that closely resembles a classic “cup and handle” formation—typically a bullish sign.

EGRAG’s forecast includes two potential outcomes based on various market conditions. Under his base scenario, the projected breakout could drive XRP’s market capitalization to $270 billion, aligning with a token price near $4.5. However, should the uptrend extend to a logarithmic level, EGRAG speculates that XRP’s market cap might reach as high as $1.5 trillion. This would mean a possible price point of $25 per XRP, offering an outlook that aligns with Pepa’s Fibonacci-based $23.94 target.

Both analysts signal optimism for XRP’s medium-term future, reinforcing the idea that its current consolidative behavior could precede a breakout. While such predictions hinge on broader market dynamics and resistance levels, the historical basis underpinning these projections strengthens their potential validity.

Related: Expert Advice: Sell XRP If You’re Confused

Like any volatile asset, cryptocurrency forecasts should be approached with caution, but the presence of similar price action across different cycles could be an indication that XRP is gearing up for a substantial move.