Analyst sets date when XRP will hit $8.5
2025-07-19 11:17:30
Main Idea
An analyst projects XRP could reach $8.50 by the end of 2025, citing a technical setup similar to its 2017 bull run, while another analyst warns of potential overbought conditions.
Key Points
1. XRP's current price action mirrors its 2017 bull run, with a recent breakout from a symmetrical triangle pattern.
2. A golden cross is imminent, where the 50-day MA is set to cross above the 200-day MA, similar to the 2017 cycle.
3. The RSI for both cycles appears similar, supporting the projection of XRP reaching $8.50 by end of 2025.
4. Analyst Tony Severino notes XRP's peak of $3.30, reminiscent of the 2017 rally, and advises investors to be prepared to exit positions.
5. XRP's 14-day RSI stands at 83.25, indicating overbought conditions and increasing the risk of a near-term pullback.
Description
With XRP hitting a new all-time high , an analyst now projects the asset could reach $8.50 in the coming months, citing a strong technical setup. Notably, as per the outlook, XRP’s current price action mirrors its 2017 bull run. In this case, from January to July 2025, XRP has traded within a symmetrical triangle before recently breaking out to the upside, a move that often signals the start of a parabolic rally, according to analysis by TradingShot in a July 17 post on TradingView. XRP price an...
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