• XRP and XLM have been predicted to surge to $13 after the formation of a symmetrical triangle similar to that of 2017-2018.
• The analyst also believes that XRP has the potential to hit $38, but does not think this is possible in the current cycle. 

Ripple’s XRP, in the past few hours, broke a crucial support level to trade below $0.6 amid the general market pullback. However, bulls appear to be resisting this downward trend as the price hovers around this critical zone. In the past 24 hours, the price of XRP has fallen by 2% in addition to a seven-day decline of 7% to trade at $0.599 at press time. Interestingly, its 24-hour trading volume is up by 75.9%, positioning the actual value at $1.9 billion.

According to technical analyst Charting Guy, XRP is poised to stage a daring bullish reversal that could send the price up by 2000%. XRP’s market sentiment is currently bearish with a neutral Trend Mean of 5. In the past six years, it has been in a consolidation phase together with Stellar Lumens (XLM) and has hardly sustained any bullish rally. Regardless, Chatting Guy believes that the technical charts of XRP and XLM “tell a different story.”

$XRP & $XLM will melt faces very soon. 2 coins that have traded sideways or as some say, “done nothing” for 6 years..most people write them off as dead coins. but, as a technical analyst, I don’t care too much about narratives or sentiment. the charts tell the story.

As disclosed by the analyst, both XRP and XLM are forming symmetrical triangle patterns characterized by higher lows and lower highs. According to him, these formations are the biggest he has ever encountered. Interestingly, their apexes are rather close. In this case, he foresees XRP reaching $10 to $13. For XLM, the analyst pointed out that its price target would not be any different from that of XRP.

Another Analyst Confirms the Bullish Outlook of XRP

In another post, Charting Guy disclosed that XRP could go as high as $38. However, he admitted that this projection would not materialize in the current bull cycle. To him, the digital asset could hit a three-digit value within the next decade.

XRP’s bullish outlook was confirmed by another analyst, Moonshilla, in a recent post that likens the current pattern formation to that of 2017-2018. In an accompanied chart, the pattern appears to exist in a three-week time frame.

According to historical data, XRP has formed several symmetrical triangles with one of the earliest formations occurring in 2014. At that time, the asset attempted a breakout from the triangle in a rally that took the price to $0.0280 in December 2014. Unfortunately, the break out attempt was unsuccessful, leading to a price correction. In 2017, XRP successfully broke out of the triangle after moving to its apex in March, leading to a 65,931% price surge to its all-time high price of above $3 in January 2018.

As explained by analysts, the second triangle has persisted until now. However, XRP made a failed attempt to break out in 2021 when the price surged to $1.96 just as happened in December 2024. According to market data, the asset is now close to the apex of the triangle and could trigger another breakout similar to the 2017-2018 cycle.

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