A market analyst has presented a bold projection for XRP price movement, suggesting it could reach as high as $77.7 during the ongoing bull market cycle. This prediction is based on the application of advanced technical tools, including Exponential Fibonacci models and Elliott Wave theory, which are often used to forecast long-term price trends in financial markets. 

According to the analyst, conventional linear models fail to capture the compounding nature of crypto price movements, especially during the upcoming altcoin rally.

XRP Price Prediction: Analyst Says $77 Target Possible in Current Bull Cycle

Crypto analyst Dark Defender revealed XRP price could climb to $77.7 during the current market cycle. The forecast is based on the use of Exponential Fibonacci levels, a method he claims is underused in crypto market analysis. He explains that standard linear projections do not reflect the actual growth patterns often observed during accelerated market conditions.

Dark Defender outlines a five-wave impulse structure based on Elliott Wave theory. In his analysis, Wave 3 is positioned as the most explosive part of the cycle. He suggests that the top altcoin rally may first move between $5 and $8 during this wave. A further push toward $18 to $23 is anticipated before the final wave.

Wave 5, the final leg in the structure, is projected to carry XRP price into three-digit levels. His analysis sets the upper range at approximately $77.7, based on the extended Fibonacci measurements. This would mark a substantial increase from current levels and surpass previous highs.

Technical Indicators and Chart Patterns Supporting the Outlook

Dark Defender’s projection includes a review of multiple technical indicators. He references Relative Strength Index (RSI) trends and momentum indicators as supporting factors in his analysis. These tools suggest continued bullish pressure, especially on higher time frames like the monthly chart.

Volume clusters are another factor he incorporates. According to the chart data, strong accumulation zones have formed, typically supporting future crypto rallies. He also notes that current price movements mirror those of previous bull runs, reinforcing the idea of an upcoming altcoin rally.

Chart structures from earlier cycles show similar formations that preceded large price expansions. These historical similarities, momentum signals, and volume behavior form the basis of his extended projection for the XRP price.

Meanwhile, another more bullish analysis projects the Ripple token could cross $1,000 if the partnership with SWIFT leads to the global adoption of XRP for real-time liquidity in cross-border payments. Analysts suggest that such integration would require massive XRP reserves and institutional demand, which could drive the altcoin rally.

Impact of Ripple Lawsuit and Legal Developments

Additionally, analyst Egrag Crypto has also shared a bullish forecast for XRP price earlier on. He places initial targets between $5 and $6, with a possibility of reaching $10. His prediction is partly tied to the recent resolution of the Ripple lawsuit by the U.S. Securities and Exchange Commission, which some believe could act as a catalyst for further gains.

Egrag Crypto’s analysis also uses Fibonacci levels, identifying consistent full-body monthly candle closings above Fib 1.0. He states that this chart’s behavior reflects price strength and momentum. A potential altcoin rally to the Fib 1.618 level, targeting up to $10, remains a possibility according to his analysis.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.