Can XRP, as an altcoin, achieve the targets of $11 and $70? This 6-year technical pattern offers key clues.

Several cryptocurrency analysts have recently issued optimistic forecasts for the future prospects of XRP, this altcoin. According to the latest market data, XRP is currently trading at $1.37, despite facing recent market pressure. Analysts point out that the current technical trend shows similarities to the previous bull cycle, laying the foundation for a potential rebound of this altcoin.

Technical Breakthroughs Indicate Long-Term Potential for XRP

Analyst XForce notes that this altcoin is breaking out of a triangle consolidation pattern that has lasted over six years. Although some in the market refer to this as a “false breakout,” XForce emphasizes that he trades based on trend and macro breakout formations. According to his analysis chart, XRP is expected to initiate an upward wave after the breakout, with a potential target above $11.50.

On a shorter time frame, analyst Chart Nerd observes that this altcoin is breaking out of a two-week descending wedge pattern. This is considered a bullish reversal pattern, which could theoretically push XRP first toward the $2.40 range—the original wedge formation point. Chart Nerd highlights a key resistance zone between $2.13 and $2.20, which the altcoin must break through to confirm the reversal.

Analysts’ Stage-Wise Price Targets

CryptoBull believes that the next phase of upward movement could push this altcoin toward $11, with the final wave potentially reaching a target of $70. The analyst notes that the current price pattern resembles historical bull market cycles, with the main time difference reflecting that this altcoin needs a longer accumulation period to reach higher prices. Based on forecasts, reaching $11 from now could take about a year of accumulation, while the final surge to $70 might require a longer time frame.

Similarly optimistic, analyst CW predicts that XRP’s rebound rally is about to begin. CW forecasts a mid-term target of $21.50, which would first require XRP to break its all-time high (ATH). His analysis chart shows that this altcoin could reach the $21 level by the end of this year. Furthermore, CW points out that in the next phase—expected to start next year—this altcoin could have the potential to break above $100.

Policy and Market Environment Drive Long-Term Value for This Altcoin

Analyst X Finance Bull recently cited the CLARITY Act and related policy factors as catalysts supporting XRP’s upward movement. He states that the CLARITY Act is expected to increase demand for this altcoin, especially considering that new government crypto policy advocates predict more banks will enter the crypto space. X Finance Bull further notes that, given Ripple’s infrastructure-building capabilities, this altcoin is poised to become the preferred token for these financial institutions.

These factors, combined with multiple technical confirmations, paint a relatively complete picture of an upward cycle for XRP. While most analysis remains optimistic, investors should remain cautious, as all price forecasts are based on specific market assumptions, and actual movements may vary.