The claim, based on historical fractals and Fibonacci levels, suggests that XRP may be entering a period of explosive growth—dubbed “XRP Summer” by the analyst.
Historical Setup Mirrors 2017 Rally
According to WatersAbove’s chart analysis, XRP is currently mirroring its 2017 consolidation pattern, where a long accumulation phase eventually triggered a parabolic breakout. The analyst marks the present cycle at the same position as late 2016, before XRP’s historic surge.
The chart indicates that XRP has completed a five-wave corrective structure and is now positioned to repeat its previous breakout—potentially targeting Fibonacci extensions up to $15. The key level identified aligns with the 1.618 Fibonacci extension zone, historically a common target during bull market expansions.
Technical Structure Points to Breakout
The pattern displayed shows XRP breaking above long-term resistance after a multi-year base, supported by volume buildup and a similar time structure to past cycles. The chart comparison highlights that the 485-day consolidation period leading to 2025 mirrors the 473-day phase seen before the 2017 bull move.
WatersAbove emphasizes that the structural symmetry and historical timing suggest XRP may now be on the brink of its largest price expansion in years. The analyst also notes a breakout past the $3.30 range could ignite the final wave of the cycle.
XRP Trading Above $2
At the time of analysis, XRP was trading at approximately $2.22, up over 6% on the day. For the $15 target to materialize, XRP would need to rally more than 570% within just over a month—a move that would capture global market attention.
While the projection is highly ambitious, WatersAbove maintains that XRP is structurally ready and technically aligned for a massive upside event.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/analyst-predicts-15-xrp-price-by-july-24-signals-xrp-summer/