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XRP XRP prices are sorted sideways, analysts are optimistic about long-term breakthrough potential
On Saturday, XRP mainly traded sideways around $1.42. After a period of volatility, the token is currently in the consolidation stage, with a cumulative increase of approximately 4% over the past seven days.
It is worth noting that recent price performance has been relatively flat, following a sharp correction earlier in the week that triggered widespread liquidation. Despite this, many analysts believe that from the overall chart structure, the market still points to greater market changes.
Long-term pattern suggests major breakthrough
Analyst Ali Martinez pointed out that XRP has taken nearly nine years to build a huge rising triangle on the monthly chart, with $3.66 being the key resistance level. He confirmed that if the monthly closing price stands above this level, it will confirm a successful breakthrough and unlock the long-term technical goal of close to $60. This level means huge room for growth compared to current prices.
Historical data supports cyclical expansion
In addition, analyst Egrag Crypto re-examined XRP's historical macro expansion cycle to assess what the new cycle might take. By examining the three previous major rallies-gains of approximately 2,405%, 1,002%, and 1,250%, respectively, the analyst calculated the arithmetic average and geometric average of these gains, which were approximately 1,552% and 1,444%, respectively.
Egrag Crypto points out that the geometric average is a more reliable measure of a true multiplier rebound, taking into account compound interest effects rather than simple averages.
Short-term trends provide upward signals
At the same time, analyst Javon Marks focused on more recent price movements, pointing out that XRP broke through the long-term downtrend line, followed by a rapid climb of nearly 55%. He believes that given that the form is still in effect, the token may be ready to go up again, with a potential gain of up to 140%, with the target area pointing to $3.50.
He further stated that this price is only the beginning of a larger market, with long-term goals set at $15 and above.
Slowing ETF inflows raise concerns
However, this optimism faces a mixed market background. According to Sovalue, the spot XRP ETF recorded net inflows for the eighth consecutive week, attracting nearly $19 million last week, but slowing significantly from the previous week. Wednesday's outflows ended a record of daily net inflows that had lasted nearly a month, while Friday recorded zero flow for the first time in about three weeks. Although cumulative net inflows have exceeded $1.48 billion, weaker activity has raised new questions about the strength of investor demand.
As of press time, XRP was trading at $1.36, down 2.52% in the past 24 hours.
