With XRP hitting a new all-time high, an analyst now projects the asset could reach $8.50 in the coming months, citing a strong technical setup.
Notably, as per the outlook, XRP’s current price action mirrors its 2017 bull run. In this case, from January to July 2025, XRP has traded within a symmetrical triangle before recently breaking out to the upside, a move that often signals the start of a parabolic rally, according to analysis by TradingShot in a July 17 post on TradingView.
XRP price analysis chart. Source: TradingView
This breakout coincides with an impending golden cross, where the 50-day moving average (MA) is set to cross above the 200-day moving average, a historically bullish indicator.
TradingShot noted that the setup is nearly identical to XRP’s 2017 cycle, where a falling wedge, a sharp rally, a triangle consolidation, and a final surge that peaked near the 1.5 Fibonacci extension.
At the same time, the relative strength index (RSI) for both cycles a
We współpracy z: https://finbold.com/analyst-sets-date-when-xrp-will-hit-8-5/
