Boom Incoming? XRP’s Market Setup Looks ‘Explosive,’ Analyst Says
BY
Ben Graham
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According to chart work shared by market analyst Mikybull, XRP is sitting inside what he calls a tight bullish structure that could lead to a sharp rise. Reports have disclosed the setup on a three-week chart and suggested the corrective phase may be ending. The analyst flagged several price levels that traders are now watching closely.
Technical Setup And Key Levels
Mikybull pointed to an ABC correction pattern that looks close to finishing. He showed XRP hovering around $2.50 and sitting just above a long-term moving average, a zone that has acted as support in prior cycles.
On his chart the 1.00 Fibonacci level is pegged to $1.94, while the 1.272 extension comes in at $3.25. The next major upside target, the 1.618 extension, is marked at about $6.28. A move past $3.25, according to this view, could clear the way toward $6.28 and possibly beyond.
‘Explosive’ Setup
Based on reports, the 1.272 level at $3.25 is the first real line of resistance to overcome. If XRP breaks that, momentum traders may push price toward the 1.618 level at $6.28.
The analyst described the setup as “explosive,” pointing to how tightly price has been squeezed inside a narrow range. Past patterns of similar squeeze-and-break setups have produced quick runs, and that is the parallel he drew on the chart.
He also flagged the idea that a journey into double digits could follow a decisive breakout, though that would require several big moves to align.
Bitcoin’s recent activity was used as context for the altcoin case. Reports note Bitcoin reached $125,725 on Oct. 5 after bouncing from a low near $108,650 on Sept. 25. Between Sept. 25 and Oct. 5 there were seven green days out of nine.
A market commentator, writing under the name Nathaniel Rothschild, suggested that if that $125,725 mark was a true peak for Bitcoin, then some altcoins — including XRP — could test their own highs within about three weeks. That would place possible new highs in the week starting Oct. 26, according to his projection.
Risks, Sentiment, And TimingMarket sentiment toward XRP has been weak recently, with the token down about 14% over the last seven days. That bruise has left some holders cautious. The technical case rests largely on pattern recognition and Fibonacci math rather than fresh on-chain data or new adoption headlines.
Price action and trading volume will be the real tell. Projections tied to Bitcoin’s path are time-sensitive and could miss if broader crypto flows change.
In short, the outlook offered by Mikybull is optimistic and clear in its targets: $3.25 then $6.28, with higher levels possible after that. Traders will likely watch whether XRP can hold support above the long-term average and whether a break above $3.25 is confirmed by strong buying.
Featured image from Gemini, chart from TradingView