As the main pieces start to come together, XRP may be now in a position where everything is going well in terms of future price trajectory. While XRP enthusiasts are still amazed Ripple’s recent court victory, a cryptocurrency analyst has lowered his bullish XRP price forecast for investors to look forward to. According to an analyst known as Jaydee, XRP is on the verge of surging into modern price territories.

The analyst predicts XRP will rise to $7.50

According to cryptocurrency analyst Jaydee’s latest price forecast, the days of XRP trading below $1 may soon be over. The analyst made this known by sharing an extremely bullish forecast on social media platform X. According to the two-week XRP/USD price chart shared by the analyst, the six-year trend line is finally coming to an end. This closing of the trend line could signal the beginning of a massive bull run.

Interestingly, Jaydee technical analysis is based on the non-logarithmic price scale of XRP and the prior event. Despite price fluctuations over the past six years, XRP has been trading mostly in a descending channel since its record high of $3.40 in 2017.

The upper resistance line peaked around $1.90, while the lower support line remained above $0.14 during the multi-year bear market. However, recent price action suggests that the entire 6-year downtrend is now heading towards a top. The scope of contracting leaves less and less room for XRP to swing between resistance and support.

XRP breakout set

As Jaydee pointed out, this only suggests that XRP is set for a breakout higher. Moreover, the analyst has indicated a price target of $7.50 when XRP finally begins to surge. With XRP currently trading at $0.4873, the price target represents an upside of 1,430%.

As strange as it may sound, the analyst points to a similar price cycle from 2013 to 2017 to justify such a keen move. Notably, a similar breakout from a five-year descending triangle pattern saw XRP surge more than 600 times to peak at $3.4.

Jaydee also noted that “dumb money” traders will eventually get left behind as they grow. “We will make sure we PROFIT from the stupid money! For most, it will be a FUN but VERY SCARY cycle,” analyst he said.

Time will tell if XRP will be able to replicate these stunning gains. Despite his outrageously bullish stance, Jaydee responded affirmatively to a comment mentioning that this cycle may be different from the 2017-2021 cycle. Looking at the XRP chart, some key resistance zones worth watching are around $0.54, $0.63, and $0.8.

Featured image from Adobe Stock, chart from TradingView