Bitcoin Trader: I Want XRP to Hit $35 Quickly. Here’s why

XRP has entered a critical stage after completing one of the longest consolidation structures in its history.

A chart shared by crypto analyst Bitcoin Boy (@btcbox123) shows XRP breaking out from a triangle pattern that developed over more than seven years. The move shifted market attention toward higher long-term price targets despite the recent extended consolidation.

The setup combines a confirmed breakout, a successful retest, rising momentum indicators, and Fibonacci extension targets that stretch far above current levels. XRP now trades in a zone many traders consider technically favorable after years of compressed price action.

XRP Breaks Out of a Multi-Year Triangle

The chart highlights a descending resistance trendline that started after XRP’s 2018 peak. A rising support trendline formed underneath price action over the following years. Both lines jointly created a massive triangle consolidation pattern on the weekly timeframe.

XRP pushed above the upper resistance line in late 2024 after a 500% breakout. This move pushed XRP above $3, and the asset has remained well above previous lows. That move changed the long-term structure and signaled renewed strength in the market.

Retesting the Triangle Pattern

Following that surge, XRP rose to an all-time high of $3.65. However, it entered an extended consolidation phase and has not fully recovered. This decline has brought the asset to the top of the triangle pattern, which previously acted as resistance.

The retest is one of the most important parts of the chart. XRP did not simply move above resistance temporarily. The asset has returned to the breakout zone and held support. This move could give way to an explosive rise, and Bitcoin Boy set a target of $35. However, the chart suggests that the asset could climb to triple-digit levels.

Fibonacci Levels Point to Higher Targets

The chart includes several Fibonacci extension levels that traders use to project future resistance zones during strong rallies. XRP already reclaimed the 0.786 Fibonacci level near $1.61 before accelerating sharply higher.

The next major extension level sits around $26.63 near the 1.618 Fibonacci zone. Beyond that, the chart displays another extension above $349 near the 2.382 level. While those targets remain part of a long-term outlook, the analyst placed particular focus on $35, an area he drew attention to in the past, as a realistic milestone during the current cycle.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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