Ripple Analysts Forecast Parabolic XRP Price Explosion to $387

XRP is currently trading around $0.54, down about 2.7% over the past week. Though the price has been muted in recent months, the XRP community remains highly bullish about future growth potential. With Bitcoin above $50k and an upcoming halving event in April, optimism is running high.

Crypto analyst CryptoBull, who boasts over 145k followers, just tweeted an XRP price prediction based on Fibonacci extensions and logarithmic chart analysis. He stated: “Based on Fibonacci extensions using the logarithmic chart, #XRP should hit $10 at the 0.5, $27 at the 0.618, $39 at the 0.702 and $387 at the 1. As you can see, price hit the 0.702 each time in previous bullruns and based on the bars pattern will hit it again. Facts!”

In an accompanying 1-month XRP chart, CryptoBull shows the Fibonacci extension levels and how price previously topped out near the 0.702 level in prior bull markets. If this pattern repeats, XRP could potentially climb to around $39 this cycle.

Responding to the tweet, analyst Stephanie Starr added: “I can agree with this. I’m seeing a top of 260 if we follow a 50k % gain like in 2017. Although,I want to remain conservative and cut the gain % in half (25k%) putting it at 130. Either way, XRP will shock the !! We are almost there. It’s following the weekly pattern from 2017 too.”

Starr is forecasting potential XRP gains of 25,000% to 50,000% measured from current levels, putting an aspirational top price between $130 to $260 this market cycle. She notes XRP is tracking the 2017 bull run pattern, further supporting the bold predictions.

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Though targets vary widely, overall expert sentiment seems to point towards significant upside ahead for XRP if market conditions remain favorable. The coming weeks and months could see truly explosive growth if these analysts’ forecasts are validated.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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