Can XRP price reach $20? These charts say ‘full bull’ phase is still ahead
2025-07-19 15:05:19
Main Idea
Technical analysis suggests XRP price has potential for significant growth, with charts indicating a possible parabolic rally targeting $7-$20 if key resistance levels are broken.
Key Points
1. XRP price hit multiyear highs of $3.66, with technicals suggesting further upside potential.
2. XRP dominance (XRP.D) is at a weekly resistance level of 5.50%, with historical breaks leading to 2x gains, targeting $7-$10.
3. XRP/BTC chart shows a strong technical setup, with past reclaims of key zones leading to explosive moves (e.g., 514% and 400% gains in 2021 and 2024).
4. Monthly chart reveals a bull pennant pattern; a close above $2.55 could propel XRP toward $18 (417% increase).
5. Analysts project XRP could reach $20 by the end of the current market cycle based on technical patterns.
Description
Multiple chart technicals and indicators suggest that XRP price has the potential to stage a parabolic rally over the next few weeks.
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