XRP Targets $10? Fibonacci Analysis Hints at Explosive Growth

8 hours ago 20

March 22, 2025 by Mishal Ali

Key Takeaways

XRP is holding strong at the $2.36 support level, signaling the potential for a bullish breakout.
Fibonacci extensions suggest a possible surge to $5-$10 in the coming months.
Market sentiment remains optimistic, with key resistance levels to watch at $2.70 and beyond.

XRP is currently at $2.38, above the important $2.36 level, also referred to as the “golden pocket.” The level, which is derived from the .618 Fibonacci retracement, is a strong pivot point for price action.

The market has stayed strong here, with sellers appearing exhausted, which might create a foundation for a move up.

A bullish divergence on RSI corroborates this momentum shift, which suggests that even if prices have reached a plateau, there is growing buying pressure on the horizon. If this trend continues, its current correction may turn out to be Wave 4 bottom within the Elliott Wave cycle, setting the stage for Wave 5.

If this wave plays out as expected, the next level of resistance lies at $2.70, with further upside momentum toward $3.05 and $3.40. Breaking above these levels would further solidify the bullish formation, with a test at all-time highs at $3.80 still on the cards.

Fibonacci Extensions Point to Major Upside

A closer technical look at XRP’s chart reveals a broader bull trend, with Fibonacci extensions matching larger price targets. Considering only the body of the candles and not wicks when measuring, a clearer view is obtained.

XRP has closed above the level of Fib 1.0 for three months running, which points towards confidence at the markets. Based on this analysis, the next key price targets are Fib 1.236 at approximately $5-$6, and Fib 1.414, with potential spikes to $9-$10.

A break into these levels would confirm XRP’s consistent trend and possibly be the beginning of a larger rally. The absence of resistance at Fib 1.236 suggests an easier price movement.

Timing the Cycle Top for XRP’s Next Move

XRP’s next significant price appreciation is a deciding factor for predictions on the markets. If the anticipated bull movements occur over the next few months up until May, XRP might experience a minor correction before proceeding with its growth trend.

But if these objectives do materialize later on during 2025, particularly in Q4, this may indicate a cycle peak, perhaps a signal that this bull trend will end.

Traders are still concerned with whether XRP fits into the classic four-year cycle theory that has traditionally determined the main crypto market trends. Assuming the pattern continues, XRP could be set to trace Bitcoin’s market path, resulting in additional growth before a possible cooling down.

All eyes are currently on the important resistance levels, with $2.70 as the initial level to break. If XRP breaks above this over the weekend, it will reinforce the bullish case and push price discovery into multi-year highs.

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