XRP Path to $15: Historical Price Matches
Compare XRP market cycles in 2017 and 2024. XRP has gained 629% from the breakout of the 2017 high range, which is represented by the horizontal black dashed line on the chart.
Compared to the breakout of the 2024 high range, the asset has gained 331%. XRP rose 1,330% from December 2014 to May 2017, approaching the 4.236 Fibonacci extension.
Bobby A. predicts a 665% increase for XRP based on the hypothesis of a relative increase in points from the 2017 high. He estimates the price of XRP at $15.00 at the 4.236 Fibonacci extension level.
XRP appears to be cutting its relative point gains from the 2017 market cycle. Bobby A explains that if XRP halves its next rally, the asset could reach ~$15.00 around its 4.236 extension after a potential 665% increase.
The analyst also sees a bull flag pattern, which usually signals a continuation of bullish momentum. This bull flag is targeting the upper barrier of XRP’s large parallel channel at $10.50. Bobby A says the asset’s bull flag is targeting $10.50, the highest point of its large parallel channel.
Basi expects XRP to reach $9 before a sharp decline following a 42% drop.
Discussing fractal patterns, he says: “This rally looks like it’s down 42%, which will take us closer to $9, then a big drop. You’re missing the last half of the 2017 rally. If we keep the same ratio, we’ll be at $30 after months of accumulation.”
Up to $35?
Bassey noted the similarities between the 2024 rally and the 2017 cycle in a previous self-analysis. Both periods saw five weeks of continuous green candles, but of different sizes — 500% in 2024 and 1,200% in 2017.
According to him, 2017 saw five weeks of green candles at ~1,200%, followed by three weeks of red candles with a 63% decline. In 2024, one week of red candles was followed by five weeks of green candles at ~500% (roughly half the 2017 high). As expected, a 30% decline. XRP fell 30% in 2024 and 63% in 2017, each roughly in half.