After Sliding 60% From All-Time High, Analyst Says XRP Could Reach $8

▲ XRP (AI-generated image)

An analysis suggests that XRP is laying the technical groundwork for a bold target of $80 after shaking off the downward trend that persisted over the past several months.

According to cryptocurrency media outlet The Crypto Basic on February 23 (local time), virtual asset analyst Casi diagnosed that XRP’s current price movement is forming the conditions necessary for a long-term rally. XRP is currently trading about 60% below its all-time high of $3.66 recorded in July 2025. In particular, amid a corrective market that began last October, the price has plunged 50% over the past five months alone, dampening investor sentiment.

Despite the decline, Casi reaffirmed that her $80 price target, first proposed two years ago, remains valid. She highlighted that XRP broke out upward from a massive symmetrical triangle pattern that had formed over eight years from 2018 to 2024. In fact, XRP surged from $0.53 in December 2024 to $2.7, proving the validity of that technical structure.

Citing Elliott Wave theory, Casi projected that the upcoming third wave would provide the strongest upward momentum. She presented step-by-step targets of $8 and $13, analyzing that the price could soar to as high as $80 if bullish momentum intensifies. Once the previous all-time high is surpassed, XRP would enter uncharted territory with no historical data, making explosive price appreciation based on technical projections possible.

The XRP market is currently moving in a tedious downward channel amid broader macroeconomic uncertainty. Although Casi did not specify an exact timeline, she emphasized that multiple factors for a rebound are realigning and urged market participants to remain patient. Whether XRP can break above its previous high of $3.66 is expected to be the watershed moment determining the success of a long-term rally toward $80.

As volatility expands across the broader digital asset market, correlation with Bitcoin (BTC) remains another variable. Investors are closely watching whether XRP can maintain independent momentum and reach the $80 mark as Casi predicts. As analyses suggesting that a prolonged correction could lead to a stronger rebound gain traction, whether XRP can bounce off key support levels has emerged as a crucial point of observation.

Disclaimer: This article is for investment reference purposes only and the publisher is not responsible for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.