Chart technician “Charting Guy” recently shared insights regarding XRP’s current four-hour structure, suggesting a potential climb towards a cycle peak near $8—but explicitly ruling out any higher targets. Utilizing a BITSTAMP four-hour chart with multi-sigma deviation bands, he stated that XRP is currently above the standard deviation, likely to move swiftly to the next target in the $3 region, followed by the $4.20 area, and climaxing around $8, which he has identified as his principal target for this cycle.
No Double Digits For XRP This Cycle
The analyst’s tone grew sharp as he addressed the more optimistic predictions of double- or triple-digit prices for XRP. “To all the people saying $8 isn’t high enough,” he remarked, “please throw your brain in the dryer after it got washed by all these influencer moonboys.” He contended that a jump from the previous cycle’s low of around $0.28 to $8 represents a massive 2,757% increase, cautioning investors to consider profit-taking. His warning about the dangers of focusing on unrealistic targets has been substantiated by the experiences of retail investors in prior market extremes.
While acknowledging that valuations beyond the $8 mark are theoretically plausible—especially if Ripple achieves its ambitious goals in cross-border settlements and the world of CBDCs—Charting Guy insisted that such high estimates are excessively optimistic given the current market dynamics. He argued, “It’ll likely take a few decades for all that to play out. Influencer moonboys who know nothing have been saying these things for 10 YEARS and look at the chart. It’s at $2.23 right now.”
Charting Guy’s overall technical outlook remains positive. In various follow-up analyses, he emphasized that XRP continues to hold crucial technical levels, specifically mentioning the monthly Tenkan and Kijun, as well as fighting between the Kijun and Tenkan on the weekly Ichimoku Cloud. He also noted that XRP is holding the weekly EMA Ribbon and the weekly Supertrend, indicating a strong medium-term structure despite potential short-term volatility. On a daily timeframe, he warned that XRP may need to retest a breakout channel, possibly dipping below $1.90 before the expected upward trajectory resumes.
For Charting Guy, the prudent strategy is to respect established levels rather than chase inflated targets. He remarked, “That lack of understanding will make these people miss bull-cycle tops and ride it down −50 to −90 percent every cycle when they can trade a big chunk of their bag each cycle and quit their 9-5 sooner. I just try my best to be realistic and help people based on actual data in the charts, not some fairy tale a YouTuber told me.”
Related Reading: XRP Will Print A New All-Time High If This Happens: Analyst
Although his $8 ceiling might be disheartening to the most ardent XRP supporters, achieving this target would still represent a historic price milestone for the token and a potential thirty-fold increase from the bear-market lows. For the moment, traders following the four-hour deviation bands will be keen on confirming a push past the $3 barrier, then the $4.20 mark, as the pathway to $8 gradually comes into view.
At press time, XRP was trading at $2.33.
