XRP Price Prediction: Analyst Sees Possible 800% Breakout Ahead

XRP has jumped back above $3 this week. A leading crypto analyst now says the token could stage an explosive move. The forecast points to targets as high as $26 in the coming months.

The prediction comes from chart analyst Matt Hughes. He used long-term Fibonacci levels to map the possible path. At the current price near $3.05, the top target would mean a rise of more than 770%.

XRP Targets Set by Technical Analysis

According to Hughes, XRP’s next levels sit at $8.30, $13.39, and $26.63. These come from Fibonacci ratios that traders use to measure potential breakouts. He called $3 a launchpad, not a barrier.

XRP has shown sharp rallies in the past. In 2017, the coin surged over 35,000% to its record high near $3.84. Supporters believe a similar move could return. Still, experts warn that such gains depend on adoption and regulation.

Reaching $26 would give XRP a $1.5 trillion value. That is bigger than Bitcoin’s market size today. Analysts at Reuters note that such numbers may be out of reach without major change.

Ripple’s Expanding Reach and ETF Speculation

Ripple, the firm linked to XRP, is also growing its footprint. This month it expanded its deal with Spanish bank BBVA. The partnership is under the new MiCA rules in Europe. Ripple is also working on custody and payment solutions.

Speculation about a U.S. ETF for XRP is also rising. Spot ETFs for Bitcoin and Ethereum are already live. Bulls say an XRP fund could unlock billions in demand. Skeptics argue the approval process may take years.

Investor Outlook and Market Reality

XRP fans, often called the “XRP Army,” are betting big again. They see the coin as undervalued after years of delay. Many believe Ripple’s legal wins and global deals set the stage for new highs.

But the crypto market is risky. Large moves in short timeframes can hurt new investors. Regulators remain cautious about altcoin ETFs. Analysts stress that any investment in XRP should come with care.

XRP remains a token with both high promise and high risk. Analysts highlight strong technical signals, but market size and regulation will decide the outcome.

FYI (keeping you in the loop)-

Q1: What is XRP’s current price?

XRP is trading near $3.05 as of this week. The token has broken back above $3 after months of consolidation.

Q2: What are the analyst’s XRP targets?

The analyst set targets at $8.30, $13.39, and $26.63 using Fibonacci levels. These suggest gains of 200% to over 770%.

Q3: Has XRP reached these highs before?

In 2017, XRP soared to $3.84, its all-time high. That rally was more than 35,000% from its earlier levels.

Q4: Could XRP really reach $26?

A $26 price would mean a $1.5 trillion market cap. This may be hard without huge adoption and regulatory change.

Q5: What role does Ripple play?

Ripple builds cross-border payment tools and works with banks. It recently expanded its partnership with BBVA in Europe.