XRP Price Could Reach $8-10? Analyst Highlights Key Mathematical Chart Patterns

Crypto analyst Blockchain Backer has projected that XRP could rise to the $8–$10 range. This forecast is grounded in mathematical chart patterns and historical price behavior, particularly referencing the 4.236 Fibonacci extension level.

Ali Charts also noted via Twitter that whale activity has remained muted over the past week, with no major buying or selling observed.

$XRP whale activity has been muted over the past week, with no notable buying or selling!

AInvest adds that the realization of this price target likely depends on Bitcoin climbing to around $127,000—underlining the interdependence between BTC and altcoins like XRP.

Ambitious Forecasts: Aiming for $77.7

In a more aggressive scenario, analyst Dark Defender envisions XRP hitting $77.7 during this bull cycle. Using Exponential Fibonacci models and Elliott Wave theory, this forecast outlines a phased path: a move to $5–$8, then $18–$23, and ultimately, the $77.7 mark.

Additionally, CNF has previously reported that some analysts see XRP reaching $22, driven by improving market structure, increasing institutional adoption, and a potential Ripple IPO—pointing to the possibility of exponential upside in ideal conditions.

Current Market Performance

While these projections provide an optimistic view of XRPs future, investors should remain cautious. The cryptocurrency market is notoriously volatile, and such high targets rely on a convergence of favorable elements—including macroeconomic trends, regulatory clarity, and technological advancements on the Ripple network.

As always, investors are encouraged to conduct thorough research and evaluate multiple viewpoints before making decisions. At the time of writing, XRP is trading at approximately $2.47, showing a gain in the past 24 hours andover the past week, according to Coin Market Cap data.