XRP’s 2024 Breakout Pattern Returns as Analysts Set New Price Targets

▲ XRP (Ripple)

XRP is drawing bold forecasts that it could surge more than 900% from its current price to reach $15, based on a historic breakout pattern that occurred in late 2024.

According to crypto-focused media outlet The Crypto Basic on February 27 (local time), market analyst Javon Marks stated that although XRP experienced a 70% correction after rallying 647% in late 2024, its technical price target remains valid. Marks explained that the structural energy from XRP’s breakout above a multi-year triangle pattern in November 2024 is still intact, and the resulting “measured move” projects a target of $15. From the current price of $1.38, this implies an additional upside of approximately 1,008%.

Supporting the bullish outlook is an analysis by XForceGlobal, a prominent South Korean Elliott Wave analyst. XForceGlobal noted that XRP has completed a full-range retracement process, revisiting its previous all-time high of $3.66 before declining back to around $1. The analyst set an initial target range of $5 to $10.

Another noteworthy chart indicator is that XRP has recorded five consecutive red monthly candles. This marks the first such occurrence since the massive accumulation phase between 2016 and 2017, which was followed by the historic 2017 bull run. While analysts acknowledge that current market conditions differ from the past, they point out that over $900 million in liquidations over the past week have effectively flushed out so-called “weak hands,” potentially laying the groundwork for a major trend reversal.

Some community experts predict that 2026 could become a historic turning point for long-term XRP holders. Analyst Archie has even presented an ultra-bullish scenario in which XRP skyrockets 5,900% from its current price to reach $83. Although such a projection assumes a multi-trillion-dollar market capitalization and is highly optimistic, even achieving more conservative targets such as $4, $6, or $10 would represent substantial gains from current levels.

XRP is currently at a critical crossroads, balancing a technical breakout pattern with efforts to confirm a psychological bottom. Marks’ $15 price target is attracting attention because it is derived not from speculation but from an extension of historical chart movements. Despite short-term volatility, as long as the macro perspective of the multi-year triangle breakout remains valid, many observers believe XRP is likely to emerge as a leading player in the 2026 digital asset market.

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