Blockchain Backer (@BCBacker), a well-known cryptocurrency analyst, recently shared his insights on XRP’s potential price trajectory in a new market cycle.
The analyst linked to a YouTube video where he used historical data, Fibonacci extensions, and the XRP-to-Bitcoin ratio, to outline a possible path for the altcoin to reach between $8 and $10, noting that the chart mathematically points toward this target range.
According to Blockchain Backer’s analysis, XRP’s price movements align with historical Fibonacci extensions observed in past market cycles. In previous rallies, assets such as Ethereum and Litecoin have followed similar patterns, reaching 4.236 Fibonacci extensions from key breakout levels. Applying this method to XRP suggests a price target of approximately $8.68 to $10.40 at the next peak.
The projection relies on a key assumption: Bitcoin’s price movement will guide XRP’s trajectory. If Bitcoin reaches an estimated cycle top of $127,000, then XRP achieving 8,200 sats (its value relative to Bitcoin) would result in a price of $10.40. If Bitcoin instead tops out at $116,800, the expected XRP price would be $9.57.
Bitcoin’s market cycle has historically dictated the performance of altcoins. However, Blockchain Backer pointed out that altcoins typically do not peak at the same time as Bitcoin but rather during its retracement phase. This means the XRP’s highest price would likely occur when Bitcoin is cooling off from its peak, rather than during Bitcoin’s all-time high.
Furthermore, XRP’s price has followed a pattern of strong rallies when Bitcoin dominance begins to decline. This pattern suggests that the altcoin’s next major breakout could occur in a post-peak Bitcoin environment, as capital flows from Bitcoin into altcoins.
A significant factor in evaluating XRP’s potential is its market capitalization. Blockchain Backer emphasized that without an extreme Bitcoin rally beyond $200,000 to $300,000, XRP exceeding $10.40 is unlikely.
The digital asset is currently trading at $2.28, and the projected increase of over 300% aligns with the historical altcoin cycle, making the $8–$10 range a reasonable target based on past performance. Notably, other analysts have also shared similar targets for the digital asset.
If Bitcoin surpasses expectations and reaches significantly higher prices, XRP’s upper limits could expand. However, based on the current market structure and previous cycles, the $8–$10 range remains the most probable outcome.
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.
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