XRP Price: Stunning $15 Target Looms After Record Quarterly Close

Investors in the cryptocurrency market are closely watching XRP. The digital asset is nearing its highest quarterly closing price ever. This significant event mirrors a chart setup from 2017. That earlier period preceded a massive 37,800% surge to all-time highs. This article explores the potential for an explosive XRP rally, analyzing expert predictions, technical indicators, and crucial on-chain data.

XRP Price Echoes a Historic 2017 Rally

XRP is currently positioned for an unprecedented quarterly close. This mirrors a pivotal moment in its history. In 2017, a similar record close ignited an extraordinary rally. The price soared by an astounding 37,800% within a year. Such a historical precedent offers a compelling narrative for current investors.

As of Monday, XRP traded near $2.86. This marked a 28% gain over three months. Analyst Milkybull Crypto suggests sustained levels above this point could fuel a broader uptrend. This analyst points to the 2017 scenario. Back then, XRP closed Q4 2017 above $0.02. This move broke multi-year resistance. It quickly led to a parabolic ascent. The token reached nearly $3.31.

Today, XRP shows an almost identical pattern. A quarterly candle has flipped green after years of consolidation. Furthermore, it exhibits a decisive breakout. This breakout occurred above a long-standing resistance zone. This area aligns with the $2.20–$2.30 range. MilkybullCrypto notes, “Already broken above the resistance as it similarly did in 2017.” This suggests history may repeat itself. An eventual push toward the $5–$15 range could follow.

Unpacking the $15 XRP Prediction

The ambitious $15 target for XRP aligns with several technical setups. These have been highlighted by various analysts. For instance, a 2017-like symmetrical triangle breakout scenario supports this projection. This pattern often signals a strong continuation of the prior trend. Therefore, a breakout from this formation typically suggests significant upside potential. Investors often monitor such patterns closely.

Another compelling technical setup is the bull flag pattern. This formation typically appears after a sharp price increase. It suggests a temporary consolidation before another upward move. This pattern also projects XRP approaching or even hitting $15. These technical indicators collectively reinforce the bullish sentiment. They provide a robust framework for the current XRP prediction.

The convergence of these patterns offers a strong technical argument. Many traders and analysts find these setups reliable. They often guide investment decisions. Consequently, the $15 target gains considerable credibility within the analytical community. Such strong technical alignment often precedes significant price movements.

On-Chain Data Supports a Potential XRP Rally

Beyond technical charts, XRP’s on-chain data provides further bullish signals. The MVRV Z-Score is a key metric. It measures how far market value sits above holders’ aggregate cost basis. Currently, this score remains well below the “overheated” band. This band typically coincides with prior blow-off tops. A low MVRV Z-Score indicates that XRP is not yet overvalued. It suggests room for growth without immediate correction risks.

A mid-cycle Z-Score suggests further upside potential. It points toward targets of $3–$5. Furthermore, it keeps the ambitious $10–$15 target in play. This metric offers a fundamental perspective. It complements the technical analysis effectively. Thus, the market appears healthy from an on-chain perspective.

Moreover, the behavior of mid-sized XRP holders remains stable. Wallets holding between 10,000 and 100,000 tokens have shown resilience. They held steady through the latest market correction. This group represents a significant portion of the network. Their lack of capitulation indicates strong conviction. It signals confidence in XRP’s future prospects. This stability further strengthens the case for an impending XRP rally.

Navigating the Cryptocurrency Market: Potential Headwinds for XRP

Despite the strong bullish indicators, some XRP metrics signal potential correction risks. The asset trades 470% above its November 2024 low of approximately $0.50. This rapid ascent could lead to profit-taking. From a technical viewpoint, XRP ranges inside a broadening wedge pattern. It recently retreated after testing the upper trendline as resistance. This pattern often suggests increasing volatility and uncertainty. It can also precede a significant price reversal.

Historically, such corrections have pushed the price toward the lower trendline. This line currently sits around $1.60. It lies between the 100-week (purple) and 200-week (blue) exponential moving averages (EMA). A retest of these levels could offer a healthier consolidation. It might also present a new entry point for investors. However, a break below these levels could signal deeper corrections.

Furthermore, XRP shows substantial divergence. Rising prices contrast with a declining Relative Strength Index (RSI). This divergence indicates slowing upside momentum. Markets witnessed a similar pattern before the 2018 bear market. In a scenario akin to 2018, XRP could dip toward its 200-week EMA. This level is near $1.27. Such a move would represent a significant decline of approximately 55% from current prices. Therefore, caution remains paramount in the volatile cryptocurrency market.

Expert Insights on XRP Price Action

Analysts present a mixed but predominantly bullish outlook for XRP. Milkybull Crypto’s analysis focuses on historical patterns. This expert emphasizes the record quarterly close. Such a close historically preceded massive gains. Therefore, the current setup provides a strong foundation for a potential XRP rally. The technical patterns, like the symmetrical triangle and bull flag, reinforce this optimistic view. They suggest significant upward movement.

On-chain metrics further support this positive sentiment. The MVRV Z-Score indicates the market is not yet overheated. This implies substantial room for growth. Additionally, mid-sized holders show strong conviction. Their consistent holdings suggest a belief in XRP’s long-term value. These factors contribute to a compelling case for a sustained uptrend.

However, experts also highlight critical risks. The broadening wedge pattern suggests increased volatility. An RSI divergence signals weakening momentum. These technical warnings indicate that a correction could occur. A dip towards key moving averages, like the 200-week EMA, remains a possibility. Investors must consider both bullish potential and bearish risks. Comprehensive analysis is essential for informed decision-making in the dynamic cryptocurrency market.

Conclusion: Navigating the Potential XRP Rally

The current setup for XRP is undeniably exciting. A record quarterly close, mirroring the 2017 surge, fuels high expectations. Technical patterns and robust on-chain data suggest a substantial XRP rally could be imminent. Targets ranging from $5 to a stunning $15 are being discussed. These projections stem from credible analysis.

However, the cryptocurrency market is inherently volatile. Investors must remain vigilant. Technical indicators like the broadening wedge and RSI divergence signal potential corrections. A healthy pullback could retest key support levels. Therefore, while the potential for significant gains exists, a balanced approach is crucial. Always conduct thorough research before making any investment decisions. This article does not contain investment advice or recommendations. Every investment and trading move involves risk.