After a prolonged period of sideways price action, XRP may be approaching a critical technical inflection point. A recent chart shared by crypto analyst Maxi (@Maxi_Dec2020) highlights a long-term bullish formation that appears to be echoing a previous market structure seen in 2017. The chart indicates a possible breakout, with a long-term target of $8.00. It outlines two distinct symmetrical triangle formations . The first, forming between 2014 and 2017, resolved in a breakout that propelled XRP to its all-time high in early 2018. Following that explosive move, the asset entered a multi-year downtrend and consolidation period, eventually stabilizing around $0.55. The chart also shows that the digital asset has broken out of the second triangle pattern, which spans from 2021 through 2024. Maxi’s analysis places particular emphasis on Fibonacci extension levels, which align with the 2017 pattern . In the previous cycle, XRP reached the 1.382 Fibonacci extension following its breakout. Applying the same methodology to the current setup, the $8.00 target appears as a symmetrical projection. $XRP 's current #bearish trend could lead to a bullish breakout, aiming for $8.00.# pic.twitter.com/gXBCDp29Bm — Maxi (@Maxi_Dec2020) June 6, 2025 We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Momentum Indicators and Market Structure Align Momentum indicators shown at the bottom of the chart further support the structural analysis. Historical Relative Strength Index (RSI) spikes are marked with arrows, illustrating the behavior during the 2017 rally. The asset experienced two spikes. One during the initial climb, followed by a short consolidation period, before another spike coinciding with its all-time high. The rally that began in November after former SEC Chair Gary Gensler’s resignation announcement caused an RSI spike. Maxi pointed out on the chart that the upcoming spike could send the digital asset toward $8. The chart also references the 1-month 50-period moving average (MA50), which XRP has decisively reclaimed for the first time since 2022. This moving average acted as a key support level during the early stages of the last rally and is again positioned to offer structural support if the asset follows this bullish prediction. What’s Next for XRP? The analyst’s $8.00 projection assumes a continuation of the historical pattern, which relies heavily on similar market dynamics playing out in the current cycle. This symmetry offers a compelling technical argument, and other analysts have set higher targets based on this repeating historical pattern. The asset is currently trading at $2.16, gearing up for another rally. A breakout above current levels, followed by sustained momentum, could set the stage for a longer-term push toward $8.00. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says a Big XRP Breakout Is Coming. Here’s the Price Target appeared first on Times Tabloid .
