XRP is nearing a critical juncture on both its monthly and daily charts. Prominent crypto analysts The Great Mattsby (Matt Hughes) and Charting Guy (@ChartingGuy) view the current price action as a volatility squeeze that could break upward if major long-term support levels hold.
Mattsby argues that XRP has successfully defended its key trend support and is now poised for a significant move. “XRP had a perfect bounce off the 20-month moving average, while the Bollinger Bands continue to tighten—setting up for its next explosive move higher,” he stated, adding, “It’s crazy how many people are bearish right at major high-time-frame support.”
On the monthly chart, XRP is trading around $2.09, above the Bollinger Band basis near $1.90. The upper band sits at approximately $3.58, with the lower band at $0.22. The notable compression of the bands suggests a period of low volatility that historically precedes a strong directional move.
Mattsby also emphasizes the importance of the 20-month moving average as a pivotal level, drawing parallels to the 2017 cycle: “XRP is repeating what it did back in 2017. It consolidated sideways for months until it touched the 20-month MA. After that, it shot up to finish off the cycle.” He believes a similar touch-and-hold dynamic is in play now. Following a liquidation event on October 10, XRP dipped below this average but has since consolidated above it. If this support holds, a clear initial upside target is the monthly Bollinger upper band near $3.58.
Charting Guy’s daily chart analysis applies a Wyckoff method framework, interpreting the structure as a re-accumulation phase that should lead to a markup. In this view, the area around $2.08 acts as a key immediate resistance level that XRP needs to reclaim and hold on retests to confirm the bullish sequence.
The analysis identifies a descending channel, or “creek,” that has contained the recent downtrend. The projected path expects a rally toward the channel’s upper resistance, followed by a pullback to “test” demand. If that test holds (a brief dip below $2.08 is acceptable), the next step would be a “last point of support” (LPS), forming a higher low. This would set the stage for a “jump across the creek” (JATC)—a breakout from the channel—followed by a “sign of strength” (SOS) rally toward the next major resistance near $3.40.
After a potential pause and another LPS below $3.40, the final markup phase could then target the ~$8 region. In summary, this bullish outcome depends on XRP sequentially overcoming key levels: first $2.08, then the channel resistance, then ~$3.40, and finally $8. The analyst notes that so far, XRP is “following perfectly” this projected path.
At the time of writing, XRP is trading at $2.13.
Frequently Asked Questions
Frequently Asked Questions About XRPs Potential Price Surge
Basics Context
Q What is XRP
A XRP is a digital asset and cryptocurrency created by Ripple Labs Its designed for fast lowcost international payments and settlements acting as a bridge currency between different fiat currencies
Q What does it mean that analysts suggest XRP is poised for a major surge
A It means financial experts and market researchers who study price charts trends and news believe XRPs price is likely to increase significantly in the near future based on their analysis
Q Where are these analyst predictions coming from
A They typically come from technical analysts crypto research firms and sometimes financial institutions that publish market reports
The Price Target Surge Details
Q What is the specific price target analysts are watching
A Analysts often cite specific price levels based on historical patterns Common targets might be a key resistance level from the past or a percentage gain from the current price You would need to check the specific article for their stated target
Q Why are analysts bullish on XRP right now
A Common reasons include positive developments in Ripples ongoing legal case with the SEC increased adoption by banks and financial institutions overall positive sentiment in the crypto market and favorable technical chart patterns
Q Is this surge guaranteed to happen
A No Analyst predictions are not guarantees They are educated forecasts based on available data Cryptocurrency prices are highly volatile and can be affected by unexpected news regulations or broader market downturns
Risks Considerations
Q Whats the biggest risk to this predicted surge
A The ongoing SEC lawsuit against Ripple is the single largest factor An unfavorable ruling or regulatory news could negatively impact the price General crypto market volatility is also a constant risk
Q Could this just be hype or a pump and dump
A Its possible Always be skeptical Do your own research beyond a single analysts report Look for multiple credible sources discussing fundamentals