Ripple’s XRP has been facing a tough time recently, experiencing a sharp decline on Friday amid a broader cryptocurrency market pullback. This price drop comes despite positive developments surrounding the cryptocurrency. These developments include the U.S. Securities and Exchange Commission (SEC) reaching a settlement with Ripple, progress on XRP exchange-traded funds (ETFs), and its inclusion in a U.S. strategic stockpile. Although these factors indicate a solid foundation for the token, XRP has struggled to break through the critical resistance level of $2.85, leaving traders and investors concerned.

Despite this resistance, several analysts remain optimistic about XRP’s long-term prospects. Analyst EGRAG CRYPTO has expressed confidence that XRP’s current consolidation phase won’t last much longer. EGRAG observed that XRP typically experiences two peaks during a bull run. Reviewing past cycles, he pointed out that in 2021, the second peak occurred after 90 days, and in 2017, it took 120 days for the same to happen. Based on these historical cycles, EGRAG believes XRP could make a return to new all-time highs (ATH) within the next 90 to 120 days, with a potential breakout on the horizon.

EGRAG’s outlook suggests that when XRP breaks free from its current resistance, the upward move could be substantial. He has outlined several price targets, with the most conservative being $15, which would represent a 514% gain from the cryptocurrency’s current price. Additionally, EGRAG has noted that a key breakout target is $22, but his personal target remains at $27. This price level was first identified by EGRAG after observing a structural breakout in December 2024.

Moreover, popular analyst Ali Martinez has weighed in with his own assessment of XRP’s potential. Martinez suggests that if XRP can manage to break above the $3 mark, it could invalidate the current head-and-shoulders pattern that has been forming. This could ultimately turn the price outlook from neutral to bullish. However, he clarified that the pattern has not been confirmed, as XRP’s price has yet to break the support neckline. Should this neckline hold, Martinez believes XRP could surge toward the $5 range.

In addition to these perspectives, analyst Dark Defender has also observed a bullish flag in XRP’s chart, further strengthening the case for a potential breakout. According to Dark Defender, the ongoing consolidation phase is nearing its end, and the next move up could lead to new all-time highs. Based on this pattern, Dark Defender has set a target price of $12 for XRP, as he believes the breakout will likely drive the price higher.

Some analysts, including RandomCryptoPal, have adopted a long-term perspective on XRP’s future. They emphasize that XRP has recently broken out of a seven-year consolidation phase, a factor that could set the stage for a rally similar to the one seen in 2017. In that year, XRP surged from $0.003 to $3.31. Given this history, RandomCryptoPal questions why a similar surge, from $3 to much higher levels, might not be possible this time around.

At press time, XRP was trading at $2.13, reflecting a 1.23% gain in the past 24 hours. As the consolidation phase nears its end, many analysts predict that XRP could be poised for a significant breakout. If history repeats itself, XRP may soon push toward new all-time highs within the next 90 to 120 days. However, the key question remains: will the historical patterns play out once again, or is a longer consolidation phase on the horizon? Either way, investors should remain vigilant, as XRP’s next move could be substantial, with several analysts predicting further upward momentum.