- XRP forms a bullish symmetrical triangle hinting at a major breakout soon.
- Fibonacci targets show XRP could surge up to $21, implying 800% gains.
- Holding $2.07 support is crucial to sustain momentum and avoid sharp drops.
XRP appears to be on the verge of a major bullish breakout as analysts predict a massive price surge. Despite recent market volatility, XRP has shown resilience, maintaining support above the $2 mark. With growing attention on its technical structure, historical comparisons, and strategic Fibonacci levels, several experts believe XRP is setting up for a powerful move.
As speculation intensifies, key figures in the crypto analysis space are drawing parallels to its legendary 2017 rally, suggesting that history could be preparing to repeat itself only on a much larger scale.
Symmetrical Triangle Patterns and Fibonacci Projections
JAVON⚡️MARKS, a respected analyst, highlights XRP’s current formation of a bullish symmetrical triangle. This pattern, similar to its 2017 breakout, suggests a strong technical setup.
According to his analysis, XRP has already tested the 1.0 Fibonacci extension around $3.37. The next major level, the 1.618 Fib, sits near $21. This would imply an 800% gain from current levels.
Moreover, if bullish momentum continues, XRP could push toward the 2.272 Fibonacci level, located around $153. While such a move seems extreme, past cycles have shown that XRP can generate rapid, exponential growth in a short timeframe. The current technical compression adds weight to this prediction, reinforcing the idea of an incoming wave up.
$XRP can be setting up here to deliver its next wave up towards the 1.618 Fib Level and this can extend another +800%, UP TO $21 but even then, that may not be the end!
— JAVON⚡️MARKS (@JavonTM1) June 2, 2025
By the previous breakout setup, XRP could push all the way to its 2.272 Fib Level, which is above $152… pic.twitter.com/fdNJlaRCdA
Short-Term Resistance and Support in Focus
EGRAG CRYPTO emphasizes the importance of the $2.30 resistance level on the 3-day chart. A strong close above this level, coupled with support from the 21-day EMA, could confirm a long-standing double bottom pattern.
He outlines potential upside targets at $2.50, $2.65, and $3.00. However, XRP must continue holding the critical $2.07 support to keep bullish momentum intact.
#XRP – A Close Above $2.3 Shields the Double Bottom Pattern 💎🚀:
— EGRAG CRYPTO (@egragcrypto) June 2, 2025
A strong close above $2.30 on the 3-day timeframe and above the 21 EMA will confirm that the Double Bottom is in play for #XRP, opening the door to potential targets around:
🎯 $2.50
🎯 $2.65
🎯 $3.00
As long… pic.twitter.com/bguB9ujpZe
In a more cautious tone, analyst jaydee_757 warns traders to prepare for the aftermath of a potential rally. He believes that while a surge is likely, a crash could follow. His analysis points to similarities with the 2017 cycle, when prices skyrocketed before crashing sharply. He urges traders to act wisely before smart money exits and triggers a large correction.
Outlook and Market Position
As of press time, XRP trades at $2.19, up slightly over the past 24 hours but down nearly 5% on the week. With a circulating supply of 59 billion XRP and a market cap of over $128 billion, XRP holds a dominant position in the altcoin market.
