XRP (Ripple) Set for $8.50 Target This Fall, According to Trader’s Fibonacci Forecast

XRP (Ripple) is once again capturing traders' attention as bullish momentum builds on the charts. XRP may be poised for a breakout that could send the token soaring to $8.50 in the coming months. The forecast is based on Fibonacci retracement levels, which currently align with strong technical support and resistance zones.

Fibonacci Levels Suggest $8.50 Upside for XRP

XRP is trading around $2.2167, holding above the critical 0.886 Fibonacci level at $2.25877. This zone has acted as short-term resistance, but continued consolidation above $2.00 could pave the way for a breakout.

Key Fibonacci extensions suggest that if XRP clears the $3.3170 level (Fib 1.0), the next major targets include $8.29661 (Fib 1.272) and $13.36904 (Fib 1.414). The trader behind the forecast believes $8.50 is a realistic objective for this fall, assuming bullish momentum continues.

Technical Context and Price Action

XRP has already staged a major recovery from long-term consolidation, breaking out from multi-year resistance zones. With XRP now trading in a higher price structure, the bullish scenario becomes more plausible—especially if broader crypto market sentiment remains positive.

While the $2.25–$2.30 zone may act as resistance in the short term, strong accumulation and historical breakout patterns hint that XRP could be preparing for another explosive move.