XRP Rally Nears End as ‘Glorious Finale’ Approaches: Analysts Warn of Major Crash

According to a report by TheCryptoBasic, veteran Bitcoin trader Tony Severino has warned that the current XRP rally may be entering its last chapter. In his update, Severino described this phase as a “glorious finale” but urged traders to prepare their exit strategies.

Ripple price action has been strong in recent months, with XRP breaking out of a multi-year symmetrical triangle that had limited gains since 2018. In July, XRP surged to $3.66, its highest point in almost seven years, before easing to $3.34.

Severino’s latest chart, noted by TheCryptoBasic, shows the Fisher Transform indicator approaching overbought levels last seen at the 2017 and 2021 peaks, both of which were followed by steep declines. He believes this recurring pattern means traders should be ready with sell limit orders before the rally ends.

XRP Price Targets Suggest a Potential Peak Before a Steep Correction

In his comments to TheCryptoBasic, Severino explained that the current move resembles the final surge of 2017, when XRP climbed from under $0.01 to over $3 in about nine weeks.

He projects that this cycle’s last wave could push XRP to $12.73 within 40 days, suggesting a potential peak by late August or early September. Other analysts quoted by TheCryptoBasic have suggested even higher targets, ranging from $50 to $99 by year-end.

Despite these bullish projections, Severino’s personal profit range sits between $8 and $13, reflecting his cautious approach. He continues to stress that risk management is essential, even during an aggressive uptrend.

Other Analysts Warn of a Sharp Ripple Price Drop After the Peak

The TheCryptoBasic report also noted that Severino is not alone in expecting a dramatic end to the rally. Analyst Jaydee has warned that while XRP could experience another explosive move, only a small number of investors are likely to secure life-changing profits.

He believes many will hold too long and become exit liquidity for institutional traders. Analyst EGRAG has outlined two bearish scenarios for the post-peak period. In one, XRP could top at $27 and then crash 97% to $0.80, mirroring its 2017–2018 collapse.

Read Also: Strong Bullish Pattern Hints at Incoming Stellar (XLM) Price Rally: Here’s the Outlook

In another, it could rise to $9 before dropping 85% to $1.30. EGRAG even noted that a dip below $0.30 is possible based on historical patterns.

While some figures like Michael Saylor and Bitwise’s Matt Hougan argue that crypto winters are over due to institutional support, EGRAG maintains that market cycles remain inevitable, warning that what goes up must eventually come down.

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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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