A crypto analyst who previously forecasted a massive 600% is o🌞nce again drawing attention with a new technical analysis of the cryptocurrency. This time, the market expert says that XRP is getting ready for its next parabolic leg up.
XRP Price Setup Signals Violent Upswing
The latest XRP price analysis by market expert Crypto Michael that the top altcoin has just concluded a significant period of and could be poised for an extremely explosive upward move. In his X post, the analyst shared a supporting chart, capturing XRP’s price action from ☂2017 t💙o 2026, based on a long-term quarterly candlestick view.
Over these years, XRP formed a large symmetrical triangle through a convergence of trendlines, illustrating a prol🍬onged phase of price compression and market indecision. This chart pattern, extending from a peak in 2018 through to mid-2024, culminated in a decisive breakout in 2025.
With Crypto Michael now considering , technical indicators 💖show a shift into a buildup phase ahead of the . The analysis also highlights that this consolidation was necessary to accumulate buying pressure and position XRP for a shift out of its downtrend.
Moving forward, the XRP price chart shows that the analyst expects a soon. Once the cryptocurrency crosses 🍎the upper boundary of the triangle, a sustained move above key resistance levels could serve as a strong bullish signal💫.
While the analyst has not explicitly outlined the exact target for his optimistic projection, the trajectory of his chart highl💃ights that the XRP price, currently sitting at $2.22, is set to move upward.
Analyst Sets Next XRP ATH Target Above $80
In o🥂ther news, crypto analyst CW has another incrediꦐbly bold forecast for the XRP price. The market expert presented a compelling multi-cycle chart, suggesting that XRP is in the final stages of a long-term consolidation and is now gathering momentum for a .
According to CW’s chart analysis, XR♉P has been in a six-month accumulation period, similar to patterns seen in previous markets. This appears to be forming a converging triangle, which historically is a precursor to major upward moves.
Now at the ꦉcusp of a breakout, especially after testing the previous ATH region, the analyst suggests that XRP is finally stabilizing, interprꦆeting this calm as a steady energy build-up for the next surge. If historical patterns hold, a surge beyond ATH prices could ignite a vertical rally.
The chart identifies the first target at the above $3.8, followed by a second target🌞 around $21.5. The final target, representing phase 5 of the analysis, points to꧒ a parabolic surge beyond $80.
Featured image from Pexels, chart from TradingView
