XRP Eyes Potential $9.63 Target as Analysts Track Key Breakouts

Analyst projects XRP could rise 188% to $9.63, supported by a breakout and consolidation above major resistance.

Recent rebound from $3.1354 boosts short term targets toward $3.60, with $3.27 as a key breakout confirmation.

$2.20–$2.35 zone may act as the start for higher gains, similar to historical patterns from past XRP cycles.

XRP long term technical setup is gaining strength after a series of multi year breakout patterns emerged. Analysts now point to price action that resembles a past cycle, where XRP advanced from fractions of a cent to multi dollar highs

One projection suggests that the digital asset could climb toward $9.63 in a potential 188% increase from current levels. This expectation is from a clean breakout above key resistance and sustained consolidation within a narrow trading band.

Multi Year Triangle Breakout

According to Javon Marks, XRP has broken out from a symmetrical triangle pattern similar to one observed during the 2014–2017 cycle. In that earlier phase, prices moved from around $0.0065 to above $3.13 after prolonged compression

The current pattern, forming between 2018 and 2025, shows prices lifting above the $1.19905 resistance and stabilizing between $2.27 and $2.35. Historical measurements note key Fibonacci levels. The prior breakout extended toward the 1.618 level at $17.269 and reached as high as $133.713 at the 2.618 level

The 1.618 extension is near $8.6780, while the 2.618 extension reaches approximately $123.5278. Marks notes that the $1.20 breakout level now acts as firm support, and maintaining positions above $2.00 strengthens the case for higher targets.

Short Term Setup Targets $3.60 Resistance

Analyst Ali has also tracked recent price movements, noting a rebound from $3.1354, the 0.5 Fibonacci retracement level. This recovery pushed prices toward $3.2703, near the 0.786 Fibonacci retracement, and out of a descending channel formed in early August

XRP/USDT Perpetual Contract chart, Source: Ali on X

Sustaining above this zone could allow retests of $3.37, $3.51, and potentially $3.69, based on mapped extensions.

Failure to remain above $3.19 could invalidate the breakout, sending prices back toward $3.13 or $3.08. However, the latest breakout attempt shows increasing momentum, supporting the view that consolidation may be ending in favor of renewed upward movement.

Consolidation Zone Could Act as Support

The $2.20–$2.35 range is a consolidation zone with historical significance. In prior cycles, such phases preceded extended advances toward key Fibonacci targets. Analysts note that institutional inflows or changes in regulatory clarity could contribute to sustained momentum in the current cycle.

With XRP holding above multi year trendline resistance and near term support levels, market focus is on whether these breakout patterns will translate into the projected price targets.

The post XRP Eyes Potential $9.63 Target as Analysts Track Key Breakouts appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

XRP1.02%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)