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Cryptocurrency News Articles

XRP Has Joined the Recent Crypto Upswing After Bitcoin Pushed Back Above the $100,000 Mark

May 13, 2025 at 11:00 pm

XRP Has Joined the Recent Crypto Upswing After Bitcoin Pushed Back Above the $100,000 Mark

Recent crypto trends have seen XRP join the upswing as Bitcoin pushed back above the $100,000 mark. With prices at the upper end of the $2 region, some traders are betting on much higher targets. A mix of classic chart setups points to new peaks, although history shows big runs often come with sharp pullbacks.

Bitcoin sparks XRP rally

The rally began when Bitcoin broke through key resistance near $100,000. XRP followed suit by rallying from around $0.50 in late 2024 to about $3.30 by January 2025. That was a gain of over 500%.

Since February 2025, XRP has moved sideways around $2.40. Some traders, like Ben, see this as a quiet pause before the next leap. They note how quickly markets can shift.

But others warn that holding a narrow range can trap buyers in false breakouts. As one trader put it, “everyone will be getting ready for new highs, only to get another leg down.”

Parabolic move may stage up

According to crypto analyst Mags, known as “the scalping pro,” this sideways action mirrors the 2017 cycle. Back then, XRP shot up from $0.0055 in March 2017 to $0.3988 in a parabolic phase. After six months of calm, the altcoin blasted to $3.40 in what he calls a blow‑off top.

Now, Mags expects history to echo again. He predicts an ultimate price of $7.30, about 200% above today’s levels. His chart outlines four stages per cycle: first bounce, accumulation, parabolic climb, then blow‑off top.

In a recent analysis, analyst Ali Martinez highlighted another setup. He points to a multi‑year symmetrical triangle that ran from January 2018 to November 2024. XRP broke out of that pattern when it surged toward $2 after the US elections last year.

From the analysis, the measured move from the triangle could push XRP to $15. That would be a 520% jump from $2.40. He adds that the current pullback may simply be the consolidation phase after the breakout.

XRP’s biggest peak, according to CoinCodex, came on January 4, 2018, when it hit $3.92, and its deepest drop was on July 7, 2014, at just $0.002802. After that all-time high, the token fell to a cycle low of $0.113268 before climbing back up to a cycle high of $3.38. Right now, most price forecasts for XRP are upbeat, and the market’s Fear & Greed Index sits at 70—openly in the “Greed” zone.

Original source:tradingview

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Other articles published on Aug 05, 2025