XRP’s Monthly Chart Signals Potential Parabolic Breakout, Analyst Notes
According to market commentator Bobby A, XRP may be on the cusp of one of its most significant moves in years.
The cryptocurrency, long known for its resilience through multiple market cycles, has recently broken out of a seven-year consolidation period, setting the stage for what Bobby A describes as a “parabolic blow-off phase.”
The analyst points to the formation of a bullish flag pattern on the monthly chart, one of the most widely recognized continuation signals in technical analysis. Such a structure often indicates that a prolonged consolidation is giving way to a new wave of upward momentum.
Importantly, Bobby A emphasizes that this move is developing “with no euphoria detected,” suggesting that retail speculation has yet to flood the market, a factor that often fuels the later stages of a rally.
The potential upside targets highlighted by the analyst are ambitious yet precise: $5.5, $7.5, $10, and $13. These levels represent major psychological and technical thresholds that, if achieved, would signal a multi-hundred percent gain from current price ranges. Each target serves as a checkpoint for traders to evaluate momentum and reassess risk.
Bobby A stated, “It is preparing to enter its parabolic blow-off phase and print its second confirmation peak into overbought territory on the Relative Strength Index, similar to 2018. A bit of strategy and patience is all that is required.”
Nevertheless, the analyst stressed that timing is of the essence. With discipline and patience, strategic accumulation and risk management may prove more rewarding than chasing short-term swings.
The absence of market euphoria, paired with a strong technical setup, creates a rare window for investors to position early, before the hype arrives.
On the other hand, the Gann Fan analysis shows that XRP needs to flip the final resistance zone of $3.01 into support for the next leg up.
Meanwhile, crypto analyst TradeWithChantel emphasizes that XRP must hold the critical $2.7794 support to preserve its bullish momentum.
At the time of this writing, XRP was trading at $2.88, according to CoinGecko data.
Conclusion
If Bobby A’s analysis proves accurate, XRP stands at a pivotal crossroads that could reshape its market narrative after years of stagnation.
With technicals aligning, historical patterns repeating, and no signs of speculative euphoria, conditions point to a measured yet potentially explosive rally. Achieving targets between $5.5 and $13 will hinge not only on chart structure but also on investor discipline and patience.
Source: https://coinpaper.com/10791/from-base-to-blastoff-xrp-s-5-5-13-roadmap