A well-known crypto analyst has sparked buzz in the XRP community with a bold forecast that the token could skyrocket to $30 in the current market cycle — and possibly as high as $120 in the long term.
Pseudonymous TradingView analyst RizeSenpai shared a detailed breakdown on April 12, drawing striking comparisons between XRP’s price action and historical Bitcoin (BTC) trends. Using Fibonacci extensions and technical patterns, the analyst mapped out a potential path for the price to follow in the months ahead.
“XRP has recently broken above its previous all-time high resistance and has been consolidating above it for several months — this is exactly how BTC behaved before its explosive rally,” RizeSenpai noted.
The Fibonacci Roadmap
According to the chart analysis, Bitcoin previously surged from its breakout level to its 1.618 Fibonacci extension at around $61,800, before peaking at the 1.902 level. If XRP mirrors this move:
- Short- to mid-term target: $27–$30 (1.618 Fibonacci)
- Ultra-long-term potential: $71–$120 (1.902 Fibonacci)
RizeSenpai also identified two critical resistance levels for XRP to break through:
- $2.99 (1.414 Fibonacci)
- $4.58 (1.618 Fibonacci historical resistance)
At its current price of around $2.15, XRP would need to gain over 1,200% to hit $30 — a level that would place its market cap on par with Bitcoin’s current valuation near $1.7 trillion.
Why XRP Might Outperform BTC and ETH
The analyst believes XRP may defy broader market trends in this cycle, outpacing both BTC and ETH — which he claims are unlikely to reach new all-time highs.
Unlike other major altcoins, XRP’s momentum appears to be building independently, with technical indicators and past breakout behavior suggesting a major move could be imminent.
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/xrp-could-hit-30-this-cycle-analyst-claims-heres-why/