Based On Historical Volatility Patterns, Analyst Projects XRP Rocket Surge to $18. Here Are the Key Fib Levels

Following the favorable outcome of the legal court case between Ripple and the United States Securities and Exchange Commission (SEC), XRP printed an impressive price trend. Although it has simmered down, many believe that the next uptrend would be bigger.

In light of the new development, different XRP price projections from crypto experts and blockchain analysts have surfaced with promising price outlooks for XRP. In this insight, TimesTabloid will evaluate John’s XRP price analysis that projected a potential $18 price mark for XRP.

Read Also: Ripple CTO David Schwartz Shares Likely Date For XRP Lawsuit Summary Judgment

Basis Of John’s XRP Price Prediction

John’s analysis, which he claimed would play out by late September, was based on historical patterns, supported by XRP’s daily chart, displaying disparity fluctuations in the token’s market value.

John noted that despite attaining a price high of $0.9380 on July 13, XRP would continue to shed off profits down to about $0.52, after which it would skyrocket to a $4.30 price level.

Delving further into the analysis, the crypto expert expects a further dip from the $4.30 price level to about $1.60. The $1.60 price mark will propel XRP’s price pump to about $7.40. Finally, a subsequent drop from $7.40 to $6.0 would drive XRP’s unprecedented surge to the $18 level. Notably, an $18 price mark will imply a 2,400% spike.

The analyst emphasized that his projections are based on historical patterns, which have proven to be accurate most times. However, whether the historical patterns persist remains to be seen, considering the crypto market instabilities.

Read Also: Ex-SEC Director: It’s Reasonable for Judge Torres to Lock Ripple’s XRP Escrow Permanently

Derrick Hopes To Cash In Based On John’s Projections

Derrick, an XRP enthusiast, noted that he hopes to leverage John’s XRP futuristic price predictions to earn passive income and simultaneously increase his XRP holdings during the anticipated dip, all in a bid to make huge profits off the project.

In response to Derrick’s claims, John downplayed his participation in the XRP investor trading technique, noting that he prefers to patiently hold on for XRP to hit the $18 price mark before taking out profits after many years of waiting.

John responds, “I’m not playing that game right now tbh. Not at this pivotal moment in the market. We have been waiting years and now we are a few weeks away.”

What XRP’s Key Fibonacci Level Seem To Indicate?

In another tweet, John shared XRP’s key Fibonacci levels, using the $1.96 swing high as a reference point.

The Fibonacci levels include $3.30 at the 1.618 Fibonacci extension, $5.50 at the 2.618 extension, $7.60 at the 3.618 extension, and $9.10 at the 4.236 extension. John admonished investors to anticipate price reactions at these levels if XRP succeeds in hitting them, noting that higher targets are possible considering XRP’s previous all-time high (ATH).

Per CoinGecko, XRP’s price today is $0.726629, reflecting a decline of 8.2% in the last 24 hours. XRP’s current price indicates a plunge from the $0.9380 price level recorded after the summary judgment.

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