Analyst Says XRP Could Hit $17 This Bull Run. Here’s the Major Signal

XRP could be setting up for one of its most significant advances yet if a long-running chart structure continues to play out as expected.

Celal Kucuker (@CelalKucuker), who has spent over 20 years in financial markets, believes the asset remains on track for a major upward move. His latest chart projects a potential rally toward $17 during the current bull market cycle.

Kucuker added that XRP “will challenge Ethereum $ETH in the rankings.” His chart outlines a multi-year technical structure that has guided XRP’s price action since its breakout in late 2024, which took it out of a multi-year consolidation pattern.

Multi-Year Ascending Channel Remains Intact

The weekly chart shows XRP trading within an ascending channel that stretches from the 2017 breakout period through the current cycle. The asset has repeatedly respected both the lower support trendline and the upper resistance boundary of the channel.

Several major peaks appear along the upper trendline, marked by red indicators on the chart. At the same time, major corrections have found support near the rising lower boundary. This pattern has created a series of higher lows across multiple years, a key feature of a long-term bullish structure.

According to the chart, XRP recently pulled back toward an important support area after failing to hold its latest rally near the upper portion of the channel. The current position places the price closer to a rising support line that has acted as a launch point during previous advances.

Fibonacci Targets Extend Toward Double Digits

Maintaining the current support levels could allow XRP to begin another upward move within the channel. Kucuker’s projection includes several Fibonacci extension levels above current prices. The first major target appears near $3.27, followed by a higher objective around $8.17.

Above those levels sits the most ambitious target on the chart. The 1.618 Fibonacci extension aligns near $17.16, which matches the analyst’s forecast that XRP could reach the $17 region during the bull run.

XRP’s Position in the Current Cycle

The chart also highlights a repeating pattern between earlier market cycles and XRP’s current structure. After breaking out of a large symmetrical triangle in 2017, XRP entered the ascending channel that continues to contain its price action today.

The asset broke out of another triangle within the channel in 2024 and is now testing the previous resistance level. If it turns this level to support, it could reinforce the bullish momentum from the ascending channel. This would push XRP toward even higher targets.

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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