{"id":33676,"date":"2025-08-28T14:55:39","date_gmt":"2025-08-28T11:55:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33676"},"modified":"2025-08-28T15:00:54","modified_gmt":"2025-08-28T12:00:54","slug":"analyst-identifies-20-as-key-target-for-xrp","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-identifies-20-as-key-target-for-xrp\/","title":{"rendered":"Analyst Identifies $20 as Key Target for XRP"},"content":{"rendered":"<p>Since the <a href=\"https:\/\/forklog.com\/en\/news\/ripple-co-founder-transfers-30-million-in-xrp-ahead-of-all-time-high\">update<\/a> of its all-time high at $3.65 in July, XRP&#8217;s price has fallen by nearly 18%. The current trend suggests a distribution phase, to be followed by a strong bullish impulse, according to the analyst known as XForceGlobal.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a><\/p>\n<p>$20 remains the primary cycle target.<a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&#038;ref_src=twsrc%5Etfw\">#XRP<\/a> still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro.<\/p>\n<p>To simplify things, these are the two scenarios:<\/p>\n<p>1. Strong impulse continuation<br \/>2. Wave 1-2 Flat, continuation <a href=\"https:\/\/t.co\/wIbe6q2boJ\">pic.twitter.com\/wIbe6q2boJ<\/a><\/p>\n<p>\u2014 XForceGlobal (@XForceGlobal) <a href=\"https:\/\/twitter.com\/XForceGlobal\/status\/1960681640390483980?ref_src=twsrc%5Etfw\">August 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He stated that in this cycle, the key target for XRP remains $20, despite strong resistance at the psychological $4 mark. The expert emphasized that the recent correction does not negate the overall bullish macro forecast.<\/p>\n<p>XForceGlobal outlined two possible scenarios: <\/p>\n<ul class=\"wp-block-list\">\n<li>as in previous cycles, a pullback will serve as &#8220;preparation&#8221; for a rally\u2014after a 50% drop from January highs, the altcoin set a new price record;<\/li>\n<li>according to <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%92%D0%BE%D0%BB%D0%BD%D0%BE%D0%B2%D0%B0%D1%8F_%D1%82%D0%B5%D0%BE%D1%80%D0%B8%D1%8F_%D0%AD%D0%BB%D0%BB%D0%B8%D0%BE%D1%82%D1%82%D0%B0\">Elliott Wave Theory<\/a>, XRP will end the current &#8220;lull&#8221; period, followed by a third wave of growth.<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Essentially, there are only two most likely scenarios, and we are very close to a strong upward movement. There are no signals indicating a deeper decline,&#8221; the analyst noted.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">What Do Others Think?<\/h2>\n<p>Crypto trader Matthew Dixon confirmed that XRP is currently trading within a symmetrical triangle on the daily chart.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">That Triangle interpretation does make sense when you look at the BIG picture for <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&#038;ref_src=twsrc%5Etfw\">#XRP<\/a> <br \/>That proposed Triangle is in wave 4 position (not overlapping wave 1)<br \/>Meaning choppy price action before the impulse higher <a href=\"https:\/\/t.co\/RusrNggV97\">pic.twitter.com\/RusrNggV97<\/a><\/p>\n<p>\u2014 Matthew Dixon \u2014 Veteran Financial Trader (@mdtrade) <a href=\"https:\/\/twitter.com\/mdtrade\/status\/1960321144310935688?ref_src=twsrc%5Etfw\">August 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>To confirm a bullish breakout, the price must close above the upper boundary of the triangle at $3. The next significant resistance level is $3.66, which must be overcome to continue the upward trajectory.<\/p>\n<p>According to Dixon&#8217;s calculations, consolidation within the triangle is part of the distribution phase under Wave Theory. He stated that this will be followed by an impulse that will send XRP to $4.<\/p>\n<p>At the time of writing, the altcoin is trading at $3. Over the past week, its price has increased by 3.5%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXeIkFc2gy_M0uy4FH-mCIHZ61w6AMIHjta4HR_69t0HHmAXLwSjHvQMGi6iDm36IZtOm5OAJfg1oVtb07M36Q3qLhlwPOTSHXhhp6wWzvSriAaGnvWdLvdfGWHcGWD61X4ZB9Jy.webp\" alt=\"Analyst Identifies $20 as Key Target for XRP\" class=\"wp-image-264698\"\/><figcaption class=\"wp-element-caption\">Hourly chart of XRP\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AXRPUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Previously, Bitget&#8217;s chief analyst Ryan Lee also <a href=\"https:\/\/forklog.com\/en\/news\/analysts-predict-bullish-outlook-for-xrp-and-solana\">noted<\/a> that if key resistance levels are overcome, the token&#8217;s price will reach $4.<\/p>\n<p>On August 22, a US court finally <a href=\"https:\/\/forklog.com\/en\/news\/us-court-finalizes-secs-case-closure-against-ripple\">approved<\/a> the closure of the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> case against Ripple. Market participants expect this to bring the approval of an XRP-ETF closer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current trend of XRP suggests a distribution phase, to be followed by a strong bullish impulse, according to the analyst known as XForceGlobal.<\/p>\n","protected":false},"author":1,"featured_media":33677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"First, the altcoin needs to overcome resistance at the psychological $4 mark.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,112],"class_list":["post-33676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"393","promo_type":"1","layout_type":"1","short_excerpt":"First, the altcoin needs to overcome resistance at the psychological $4 mark.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33676"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33676\/revisions"}],"predecessor-version":[{"id":33678,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33676\/revisions\/33678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33677"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}