XRP Could Hit $30 This Cycle, Analyst Claims Heres Why
Pseudonymous TradingView analyst RizeSenpai shared a detailed breakdown on April 12, drawing striking comparisons between XRPs price action and historical Bitcoin (BTC) trends. Using Fibonacci extensions and technical patterns, the analyst mapped out a potential path for the price to follow in the months ahead.
XRP has recently broken above its previous all-time high resistance and has been consolidating above it for several months this is exactly how BTC behaved before its explosive rally, RizeSenpai noted.
The Fibonacci Roadmap
According to the chart analysis, Bitcoin previously surged from its breakout level to its 1.618 Fibonacci extension at around $61,800, before peaking at the 1.902 level. If XRP mirrors this move:
- Short- to mid-term target: $27$30 (1.618 Fibonacci)
- Ultra-long-term potential: $71$120 (1.902 Fibonacci)
RizeSenpai also identified two critical resistance levels for XRP to break through:
- $2.99 (1.414 Fibonacci)
- $4.58 (1.618 Fibonacci historical resistance)
At its current price of around $2.15, XRP would need to gain over 1,200% to hit $30 a level that would place its market cap on par with Bitcoins current valuation near $1.7 trillion.
Why XRP Might Outperform BTC and ETH
The analyst believes XRP may defy broader market trends in this cycle, outpacing both BTC and ETH which he claims are unlikely to reach new all-time highs.
Unlike other major altcoins, XRPs momentum appears to be building independently, with technical indicators and past breakout behavior suggesting a major move could be imminent.
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