XRP for 1000% Rally? Analyst Says XRP Is Preparing for a Major Breakout

JackTheRippler (@RippleXrpie), a prominent crypto proponent on X, has released a detailed chart that signals a major XRP breakout. The analysis spans over a decade of price action and applies Elliott Wave Theory, identifying the current position as part of wave 5, historically associated with sharp upward moves.His chart illustrates that XRP has exited a long consolidation phase, similar to the breakout from wave 2 into wave, which previously drove the digital asset to its all-time high of $3.84. The recent breakout from a bullish pennant suggests that wave 5 may be underway, replicating the earlier explosive movement.#XRP is preparing for a major breakout! pic.twitter.com/UTLJ27QPEc— JackTheRippler (@RippleXrpie) May 13, 2025Fibonacci Extensions Signal High TargetsJackTheRippler overlays Fibonacci extension levels to project possible targets for this cycle. The chart highlights the 1.272 level at $8.44 and the 1.618 level at $27.23. These projections mirror previous cycles, where XRP reached similar extension levels during peak rallies.The analysis also marks $1.36 as a key breakout level already surpassed, and identifies $1.46 as a 0.382 retracement, which could act as support in short-term volatility. These levels form the technical basis for a structured advance.The analyst highlighted areas of rapid price expansion following consolidation patterns. XRP’s current setup closely resembles the early stages of wave 3, increasing the probability that a significant move is beginning.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023Recent Developments Add to Market MomentumDonald Trump recently announced a major trade deal between the U.S. and the U.K., adding to the bullish sentiment in the market. Investors view the trade deal positively and may contribute to renewed market confidence in assets like XRP.The announcement caused a notable price hike for XRP and the broader market, and XRP is currently trading at $2.56, reflecting a 20.10% gain from last week. While no forecast can be guaranteed, JackTheRippler’s post presents a coherent, data-driven argument for why XRP may be entering a period of sustained growth.The combination of overwhelmingly bullish technical indicators, a repeating historical cycle, positive news, and momentum makes this one of the most closely watched setups. Other well-respected analysts have predicted a move to $27, and the current market position makes the chances of a breakout very high.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post XRP for 1000% Rally? Analyst Says XRP Is Preparing for a Major Breakout appeared first on Times Tabloid.