Analyst XRPunkie has drawn attention to the crypto community with his forecast of a significant XRP rally, suggesting that the cryptocurrency is poised for a major breakout.
Strong Technical Structure on the Monthly Chart
XRPunkie's analysis is based on the XRP/USDT monthly chart from Binance that exhibits a compelling breakout pattern. After prolonged sideways action, XRP broke out of a long-term descending wedge in early 2025. This breakout has propelled the price from under $0.60 to nearly $3.00 in just a few months. Currently, XRP is consolidating above key moving averages, providing strong support levels.
Projected Take-Profit Zones
The analyst highlighted Fibonacci extension levels based on the previous breakout wave. These include the 1.618 level at $6.45, the 1.786 level at $8.90, and the 2.0 extension at $13.42. He marked this range as a strategic take-profit zone. These levels are not arbitrary; XRP has shown a tendency to follow such extensions closely during past bull runs.
Bearish Sentiment Losing Ground
With XRP currently trading around $2.27, bearish sentiment seems increasingly hard to justify. XRPunkie bluntly stated, ``If you are still bearish on XRP, no one can help you.'' His confidence stems not only from chart patterns but also from the broader momentum surrounding XRP, including Ripple's expanding ecosystem and rising user activity.
Given the current technical and fundamental indicators, XRP appears to be gearing up for a significant breakout that could lead to a substantial rally. XRPunkie's forecast suggests a powerful surge, and traders might need to position themselves as XRP prepares for its next major move.
