XRP trading activity remained subdued on Tuesday, holding steady after opening the week around $2.47. Notably, the fourth-largest cryptocurrency has been range-bound for weeks, with its major price surge on March 2 following Trump’s announcement of a “Crypto Strategic Reserve” gradually fading. Another 13% surge on March 19, triggered by the SEC dropping its lawsuit against Ripple, also lost momentum, erasing previous gains and returning to earlier price levels. Moreover, on-chain activity has remained low, with analyst Ali Martinez highlighting that whale activity has been muted over the past week, showing no significant buying or selling, according to Santiment data. Despite the stagnation, analysts remain optimistic. Crypto analyst Blockchain Backer has projected that XRP could reach between $8 and $10 based on mathematical chart patterns and historical trends. Appearing in a recent Youtube video, the pundit clarified that his forecast is based strictly on mathematical confluences as opposed to fundamental reasons. Notably, he predicted Bitcoin could peak at around $127,000 before entering a retracement phase. If XRP follows historical market cycles, it could reach the $8 to $10 range. “If the XRP versus Bitcoin price chart is going to do something similar to what we’ve seen historically… we could guess the top is around 88,200 SATs,” he explained . This would imply an XRP price of approximately $10.40 at peak levels. The pundit also pointed to the 4.236 Fibonacci extension as a crucial indicator, noting that similar patterns have played out in past cycles for assets like Litecoin and Ethereum. “Our price chart only gets us out to about $8.68, which is a rise of about 266% from the current price,” he noted. However, he cautioned that for XRP to surpass $10, Bitcoin would need to exceed $127,000. Any higher targets, he noted, would require Bitcoin to reach astronomical levels like $200,000, $300,000, or even $400,000. Elsewhere, analyst Dark Defender predicted XRP could surge to $77.7 during this bull run. Utilizing Exponential Fibonacci Levels and the Elliott Wave theory, the analyst highlighted XRP’s critical median level of $2.3951, which it has held above since November, as a key indicator of bullish momentum. Notably, the analyst suggested that XRP could first climb to $5-8, with a subsequent push toward $18-23 after reaching $8, and ultimately achieve three-digit figures in its fifth wave. XRP was trading at $2.44 at press time, reflecting a 2.34% drop in the past 24 hours.
