- A veteran trader warns that the current XRP rally is approaching its “final stage.”
- His analysis points to a potential peak between $8 and $13 within the next 40 days.
- Other analysts have outlined scenarios for a severe, 85-97% correction after the peak.
Veteran trader Tony Severino is issuing a major warning for XRP holders; that the current rally may be approaching its “final stage.” While he’s bullish on the token’s immediate upside, he’s urging traders to have a clear exit strategy in place for what he’s calling a “glorious finale.”
Severino’s latest outlook suggests that XRP could complete its “final wave” within a 40-day window, reaching a peak somewhere between $8 and $13. His analysis points to this peak happening by late August or early September. This comes as other, more aggressive forecasts have suggested targets as high as $50 to $99 by the end of the year.
But first: Before we can even talk about $8, the price has to clear its next major test. Here’s our analysis of the critical $3.33 level.
XRP broke out of a multi-year symmetrical triangle earlier this year, lifting prices to $3.66 in July, the highest level since 2018, before retracing to the current $3.23 mark. The breakout has placed the asset in position for POSSIBLE price discovery if upward momentum can be sustained.
Risk Scenarios and Historical Parallels
EGRAG, another market analyst, outlined two potential downside scenarios based on previous market cycles. One project’s peak was at $27, followed by a 97% drop to $0.80, mirroring the collapse of 2017–2018. The second forecasts a top at $9, then an 85% correction to $1.30. He also warned of the possibility of a deeper decline below $0.30 if past patterns repeat.
At present, XRP ranks third by market capitalization at $192.01 billion, with a fully diluted valuation of $323.76 billion. Trading volume in the past 24 hours reached $10.25 billion, up 18.17%, reflecting a 5.34% volume-to-market cap ratio. Circulating supply stands at 59.3 billion out of a 100 billion token cap.
Technical Signals and Market Momentum
On the daily chart, momentum indicators point to a cautious outlook. The Relative Strength Index (RSI) is at 56.22, showing neutral conditions and failing to breach the bullish 60–70 range. Moreover, the MACD is at 0.0824, below the signal line at 0.0843, resulting in a negative histogram of -0.0019.
A bullish MACD crossover alongside an RSI move above 60 could signal another push toward the $3.35–$3.50 resistance range. Failure to gain momentum, however, may open the way for a retest of $3.00 support.
How it started. This rally began with a major technical breakout. Here’s our report on the multi-year triangle pattern that kickstarted it.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.