XRP, the popular cryptocurrency that has faced significant volatility recently, is reportedly on the verge of a breakout, with a leading analyst predicting a massive rally to as high as $14. This optimistic forecast comes from the pseudonymous trader “Papa,” who has gained attention for his analysis based on Fibonacci extensions and historical chart patterns.

Currently, XRP is battling bearish pressure, struggling to hold its ground around the $2 level. After a peak of $2.24 on April 13, 2025, the cryptocurrency has been caught in a series of selloffs, dipping to a low of $2.04 by April 18. This drop marks a 3% decline, with XRP experiencing four consecutive daily losses — its first such streak since late March.

Despite these short-term setbacks, Papa remains confident that XRP is “screaming higher.” His prediction is largely based on the cryptocurrency’s historical behavior, particularly a symmetrical triangle pattern seen during its previous explosive rally in late 2017 and early 2018. He believes that the price action currently unfolding might mirror the past bull run, setting the stage for a repeat performance.

XRP’s Historical Performance

Papa’s analysis highlights the similarities between XRP’s current market behavior and its performance during the 2017/2018 bull market. During that period, XRP experienced an extraordinary rally, rising 7,875% from $0.0055 in March 2017 to $0.3988 in May of the same year. This rapid climb was followed by a consolidation phase that formed a symmetrical triangle pattern on the chart.

After breaking out from the triangle in December 2017, XRP surged an additional 1,762%, reaching its all-time high of $3.31 in January 2018. This surge coincided with the completion of multiple Fibonacci extension levels, which indicated further price targets at the 1.272, 1.618, 2.618, and 4.618 levels.

A New Parallel Channel for XRP

Fast forward to the present, and XRP has once again been in a strong uptrend. Starting from $0.50 in November 2024, XRP reached a seven-year high of $3.39 by January 2025, marking an impressive 578% increase. However, similar to 2017, the cryptocurrency encountered a resistance point, and the price began to consolidate, falling 39% from its peak.

But rather than forming a symmetrical triangle this time, XRP is developing a parallel channel, which could play a crucial role in determining its next move. The upper trendline of this channel is aligned with the $3 mark, which has proven to be a strong resistance level.

Breakout Predicted at $3 Mark

Papa’s analysis suggests that if XRP can break above this $3 resistance, it will signal the beginning of another massive price surge. He projects that the price could eventually reach Fibonacci extension levels similar to the 2017 rally, with a potential target of $14 at the 4.618 extension level. This would represent an incredible 576% increase from XRP’s current price.

Interestingly, this $14 price point is not new. In November 2024, market commentator Steph suggested that investors should consider accumulating XRP before it reaches $14. Similarly, in April 2024, another analyst named JD forecasted that $14 could be the minimal target for the cryptocurrency.

The Path Ahead for XRP

Despite the current bearish phase, the long-term outlook for XRP appears bullish, according to Papa. He believes that the cryptocurrency is poised for a breakout above the $3 resistance and could replicate the explosive gains seen in the 2017 bull market. If his prediction holds, XRP could surge to $14 in the coming months, marking an exciting opportunity for investors.

However, as with all cryptocurrency investments, risks remain. Market volatility and unpredictable regulatory changes could affect the price, but for now, the chart patterns and Fibonacci analysis suggest a bright future for XRP.

Investors are advised to closely monitor the $3 resistance level, as a breakout above this could signal the beginning of a new bullish phase for XRP, possibly pushing the price to new all-time highs.