XRP Price Prediction: Analyst Targets $77.77 Price Discovery as the Next Bullish Cycle Begins

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.

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

However, the analyst cautions that conventional linear models may not fully capture the compounding nature of crypto price movements, especially during the upcoming altcoin rally, which is expected to be more accelerated.

Analyst Presents Technical Analysis for Massive XRP Price Cycle High

Crypto analyst Dark Defender recently presented an analysis suggesting that XRP price could surge to a peak of $77.7 during the present bull cycle. This forecast is based on the application of Exponential Fibonacci levels, a technique which the analyst claims is not sufficiently utilized in cryptocurrency technical analysis.

He further notes that standard linear projections may not accurately reflect the rapid growth patterns observed during periods of strong market condition.

To integrate this analysis with a broader market structure, Dark Defender identifies a five-wave impulse structure from Elliott Wave theory. In this analysis, Wave 3 is recognized as the most volatile and explosively trending segment of the cycle.

According to his analysis, the broader market, specifically the altcoins, will likely see a strong rally during this wave, moving from current levels to new highs in the range of $5 to $8. From there, he anticipates another push to reach the $18 to $23 zone before the final leg of the cycle begins.

For the fifth and final wave of this structure, Dark Defender's analysis suggests that it could propel XRP price into three-digit levels. His measurements using the extended Fibonacci ranges place the top of this final wave at approximately $77.7.

Technical Indicators Point to Continued Bullish Pressure

The analysis also includes a factor of Relative Strength Index (RSI) trends and momentum indicators, which suggest a continuation of bullish pressure, especially on higher time frames like the monthly chart.

Volume clusters are another factor considered in this analysis. The chart data shows strong accumulation zones, which typically provide support for future cryptocurrency rallies.

Additionally, the analyst highlights the pattern of current price movements, comparing them to those of previous bull runs. This analysis reinforces the anticipation of an upcoming altcoin rally.

Structures in earlier cycles showcase similar formations that preceded large price expansions. These historical similarities, combined with the momentum signals and volume behavior, form the basis for the analyst's prediction of an extended projection for the XRP price to reach higher levels.

Another analyst had made an even more bullish prediction for XRP price, suggesting that the token could cross $1,000 if the partnership between Ripple and SWIFT leads to the global adoption of XRP for real-time liquidity in cross-border payments.

According to the analyst, such integration would require massive XRP reserves and institutional demand, setting the stage for a large-scale altcoin rally. This prediction is based on the belief that SWIFT would require "billions of Euros to fund such an initiative."

Lawsuit Development and Analyst’s Take on XRP Price

Earlier this year, analyst Egrag Crypto shared a bullish forecast for XRP price, placing initial targets at $5 or $6, with a possibility of reaching $10. This prediction is partly linked to the recent resolution of the Ripple lawsuit by the U.S. Securities and Exchange Commission (SEC), which some viewers 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, which he says indicates 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.