XRP Could Hit $27 in 2017-Style Parabolic Rally, Analysts Say

The cryptocurrency analysis community is sharply divided on XRP’s immediate price direction, with Chart Nerd asserting that the altcoin is unlikely to decline to $0.50 as suggested by Captain Toblerone. Instead, Chart Nerd believes XRP will maintain support above $2, representing the January 2018 candle close highs, before initiating a parabolic rally. This bullish outlook directly contradicts Captain Toblerone’s recommendation for XRP holders to sell 50% or more of their holdings if still in profit and reallocate to cheaper altcoins.

Chart Nerd’s analysis identifies specific Fibonacci extension targets at $8, $13, $15, and $27, suggesting a potential upside of nearly 900% from current levels if the highest target is reached. This technical perspective is grounded in the belief that XRP is preparing for a 2017-style run, reminiscent of the period when the cryptocurrency experienced exponential growth that captured global investor attention.

Historical data reveals a compelling pattern for XRP during fourth quarters, with the altcoin recording gains of 426% in Q4 2014, 1,064% in Q4 2017, and 240% in Q4 2024. Chart Nerd emphasizes that many of XRP’s largest returns have originated from these late-year rallies, suggesting the potential for another significant upward move in the current quarter. This historical precedent provides quantitative support for the bullish thesis that XRP could mount another substantial run before year-end.

Egrag Crypto’s analysis further reinforces this historical perspective, noting that XRP recorded a 1,250% rally in 2017 and a 560% surge in 2021. The analyst remarked that if history repeats itself, XRP could rally to $33 based on the 2017 gains or $17 based on the 2021 performance. These projections align with Chart Nerd’s Fibonacci-based targets, creating a consensus among multiple analysts about XRP’s potential for double-digit price appreciation.

The anticipated launch of XRP ETFs this fourth quarter represents a significant potential catalyst for price appreciation, mirroring the impact that Bitcoin and Ethereum ETFs had on BTC and ETH respectively. Crypto pundit UnknowDLT has also warned XRP holders against selling their tokens in the next three months, noting that ISO 20022 global adoption is expected to occur by November 22, which could positively impact Ripple and XRP by extension.

While some analysts project extreme upside targets, Mikybull Crypto offers more conservative projections, suggesting that an XRP surge to $21 in this final massive rally is possible but noting that his primary targets range between $6 and $10. The analyst acknowledged that ‘anything is possible in crypto’ while maintaining a balanced perspective that references the 2017 cycle as a potential blueprint for another parabolic move.

At the time of writing, XRP price is trading at approximately $2.96, down over 2% in the last 24 hours according to CoinMarketCap data. This current price level represents a potential entry point for investors believing in the bullish projections, though the conflicting analyst opinions highlight the inherent volatility and uncertainty in cryptocurrency markets. The convergence of technical analysis, historical patterns, and fundamental catalysts creates a compelling narrative for XRP’s potential performance through year-end.