XRP has had a strong recovery and currently notes $ 3.23, more than 8 percent higher than a week ago. Technical signals and recent courses patterns ensure that some analysts even bet on a doubling or more.
Fibonacci levels point to $ 5.75 and 11.20
According to analyst Ali Martinez, XRP is broken from a so -called bullish flag, a technical pattern that often points to a continuation of an earlier increase. This pattern was created between the end of 2024 and mid -2025, after XRP had risen by 580 percent from less than $ 0.50 to $ 3.40.
After that, the race continued to move sideways for about 24 weeks before the outbreak took place around $ 2.25. This level was just above 0.786 Fibonacci Retracement. After the outbreak, XRP rose to a new record of 3.66 dollars and has since kept it above the outbreak zone.
Martinez sees two important price goals based on Fibonacci extensions. The first is at $ 5.75, the second at $ 11.20. XRP would bring the latter level into the double digits for the first time. The market value would then exceed $ 650 billion, comparable to payment giant Visa.
On-Chain Data Strengthen Bullish Scenario
According to Martinez, on-chain data also support the optimistic scenario. For example, the MVRV ratio of XRP has exceeded the 200-day average, a so-called ‘Golden Cross’. In earlier cases, this led to increases of 54 and 630 percent respectively. A repeat of the smaller rise would bring XRP around 5 dollars, a repetition of the larger rise even towards 24 dollars.
With the dragging lawsuit with supervisor SEC now, the confidence in Ripple’s XRP seems to be increasing. Whether the jump to $ 11 will actually come, the big question remains.
Source: https://newsbit.nl/xrp-koers-breekt-na-24-weken-uit-analist-mikt-op-240-stijging/
