XRP: Can Mathematical Targets For Ripple Realistically Reach $26? (2024)

XRP is often the butt of many jokes across the crypto space due to general distaste toward the altcoin and years of underperformance. But one of the biggest running jokes going is a call made for $589 per token, considered a mathematical impossibility.

However, could Ripple eventually reach other, more reasonable targets based on math commonly used to find turning points in financial assets?

Will Ripple Ever See a Recovery To Former Highs Or Beyond?

An old crypto analyst prediction has haunted them since the day it was made. A call for $589 per token in XRP has turned into a long-standing meme.

People love to hate the crypto asset known as Ripple. It was a hated coin during the crypto hype bubble due to accusations of centralization compared to Bitcoin and Ethereum.

But unstoppable hype surrounding the entire asset class propelled the altcoin to over $3.50 at its high, from less than a penny a year prior. The incredible growth prompted mainstream media coverage, and outlets like CNBC taught traders how to buy the top.

Related Reading | The Price Trend of XRP Stunningly Reflects That of Sheep Manure Stock

XRP crashed by over 90%, and each rally sold back down by Ripple executives only fueled further underperformance and distrust in the asset.

But all markets are cyclical, and XRP is showing multiple signs that a recovery is near after almost 900 days of a downtrend. All the pent up momentum in Ripple could result in a powerful breakout and surge.

In the past, the asset has grown thousands of a percent against USD and BTC, and chances are, it will happen again. But next time around, how high could Ripple go? According to various analyst’s take on mathematics, it could be anywhere from $5 to $26 per XRP token.

XRP Fibonacci Extensions Set Next Peak Targets From $5 To $26

$589 per token in XRP is not possible, even if its market cap absorbed all the assets and wealth in the world. The math just doesn’t add up.

However, other predictions are much more mathematically realistic.

Fibonacci numbers and their ratios are often used in trading to plot potential areas of interest. Such areas include support and resistance, where reversals may occur, and targets where current resistance doesn’t yet exist.

According to one crypto analyst, XRP could potentially reach $26 per XRP token if the asset reached a Fibonacci extension of 1.618. NewsBTC in-house analysts offer a different take on the same Fibonacci extension, pictured below.

XRP: Can Mathematical Targets For Ripple Realistically Reach $26? (1)

Ripple XRPUSD Fibonacci Extension Fractal | Source: Trading View

In this exclusive analysis, a Fibonacci extension is cast from the top of the 2018 peak to the recent bear market bottom. Extensions taken from there located at 1.618, 2.618, 3.618, and 4.326, would represent $5.60, $9.10, $12.50, and $14.60, respectively.

Superimposing a breakout fractal of the last major Ripple explosion, tracks along to the highest of the Fibonacci extensions perfectly.

Related Reading | Ready For Liftoff: Two-Year Downtrend Breakout Could Lead to $14 XRP

Given how strong that impulse was, it is unlikely a repeat is quite as powerful, making the lower targets a lot more realistic. In terms of market cap, an important factor in why the $589 call has been laughed at, the lower targets are theoretically far more realistic.

Any of them would be a new all-time high for the crypto asset, and make Ripple investors rich once again.

XRP: Can Mathematical Targets For Ripple Realistically Reach $26? (2024)
Top Articles
SiriusXM Prices and Packages - Car Talk
Is SQL Case Sensitive? - Making Data Meaningful
Mrh Forum
How Much Does Dr Pol Charge To Deliver A Calf
Affidea ExpressCare - Affidea Ireland
Txtvrfy Sheridan Wy
Hk Jockey Club Result
Lost Ark Thar Rapport Unlock
Merlot Aero Crew Portal
biBERK Business Insurance Provides Essential Insights on Liquor Store Risk Management and Insurance Considerations
414-290-5379
Vichatter Gifs
Connexus Outage Map
Slushy Beer Strain
10 Free Employee Handbook Templates in Word & ClickUp
Nwi Arrests Lake County
Haunted Mansion Showtimes Near Millstone 14
Mzinchaleft
Vistatech Quadcopter Drone With Camera Reviews
Plan Z - Nazi Shipbuilding Plans
Lonesome Valley Barber
Sadie Proposal Ideas
Jbf Wichita Falls
Christina Steele And Nathaniel Hadley Novel
Plaza Bonita Sycuan Bus Schedule
2000 Ford F-150 for sale - Scottsdale, AZ - craigslist
8002905511
Jailfunds Send Message
Ultra Ball Pixelmon
Gesichtspflege & Gesichtscreme
Elijah Streams Videos
Bfri Forum
Missing 2023 Showtimes Near Grand Theatres - Bismarck
Helloid Worthington Login
Wcostream Attack On Titan
Green Bay Crime Reports Police Fire And Rescue
The Ride | Rotten Tomatoes
The Legacy 3: The Tree of Might – Walkthrough
Asian Grocery Williamsburg Va
Ticketmaster Lion King Chicago
R Nba Fantasy
Timberwolves Point Guard History
Invalleerkracht [Gratis] voorbeelden van sollicitatiebrieven & expert tips
Giovanna Ewbank Nua
Kutty Movie Net
Chase Bank Zip Code
How the Color Pink Influences Mood and Emotions: A Psychological Perspective
3367164101
Doelpuntenteller Robert Mühren eindigt op 38: "Afsluiten in stijl toch?"
Unpleasant Realities Nyt
Charlotte North Carolina Craigslist Pets
Adams County 911 Live Incident
Latest Posts
Article information

Author: Duncan Muller

Last Updated:

Views: 6478

Rating: 4.9 / 5 (79 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Duncan Muller

Birthday: 1997-01-13

Address: Apt. 505 914 Phillip Crossroad, O'Konborough, NV 62411

Phone: +8555305800947

Job: Construction Agent

Hobby: Shopping, Table tennis, Snowboarding, Rafting, Motor sports, Homebrewing, Taxidermy

Introduction: My name is Duncan Muller, I am a enchanting, good, gentle, modern, tasty, nice, elegant person who loves writing and wants to share my knowledge and understanding with you.