$8 XRP Breakout Brewing — SEC No Longer A Roadblock, Bullish Analyst Says

Source Newsbtc

Interest is building among XRP investors after Crypto Beast, a well‑known analyst, put forward a bold forecast. He sees a minimum breakout level of $8 on the horizon.

With the US Securities and Exchange Commission no longer posing a roadblock, Crypto Beast believes XRP has a clear path ahead.

His view rests on the idea that the market still hasn’t fully priced in XRP’s cleared status with regulators. Short‑term traders and long‑term holders alike are tuning in.

Regulatory Milestone And Market Reaction

According to court records, XRP won a key victory in July 2023 when Judge Analisa Torres ruled that it’s not a security under US law. That moment sent XRP from about $0.48 to $0.93 very fast.

But prices slipped back over the next few weeks, bringing it down to the $0.50 area again. Then, after US President Donald Trump won re‑election and signaled a shake‑up at the SEC, XRP marched into a new range around $2.00. Despite that climb, Crypto Beast argues the legal win hasn’t been fully valued by the wider market.

Technical Pattern Points To Upside

Crypto Beast pointed to a bull flag chart pattern that starts with a rally from $0.40 up to $3.40. A flag pattern formed when XRP pulled back into the $2.00–$3.00 zone. He marked the breakout level at $3.37.

By measuring the height of that $3.00 pole and adding it to the low of the flag, he arrived at a target near $10.69. In another post, he set a more conservative floor of $8.80, a roughly 4x gain from today’s price around $2.20.

That kind of move would push XRP’s market cap above $500 billion, putting it in league with big firms like Oracle, Netflix and Mastercard.

Broader Crypto Trends And Correlation

Based on reports from his channel, Crypto Beast isn’t just upbeat on XRP price about to “explode”. He’s looking for a 3x rise in Solana, a 2x pop in Ethereum and a 5x run in SUI. Even more, he’s penciled in potential 40x gains for select smaller tokens.

Still, these forecasts rest on a growing crypto mood—mostly led by Bitcoin. When BTC stalls or dips, large altcoins often follow suit. So any rally in XRP may need fresh money flowing into the whole market.

Risks And Exit Strategy

Crypto Beast says he’ll flag when it’s time to sell. He reminded followers that patterns do fail and charts alone can’t guarantee gains. A sudden market shift or a change in macro sentiment could spoil the setup.

He advises setting stop‑loss levels and watching BTC for hints. His trust in XRP’s future is strong, but he wants traders to be ready for any twist.

Featured image from Pexels, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst SaysIn a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Author  NewsBTC
4 Month 23 Day Wed
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
placeholder
Cardano (ADA) In Focus: Can It Break This Barrier and Reclaim Momentum?Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
Author  NewsBTC
5 Month 21 Day Wed
Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
placeholder
Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown?Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to
Author  NewsBTC
6 Month 12 Day Thu
Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to
placeholder
SUI Preparing For New Highs As Falling Wedge Breakout Targets $5After falling below the key $3.00 mark, SUI now retests a make-or-break level that could ignite or stall the cryptocurrency’s rally. However, some market watchers believe that the altcoin is
Author  NewsBTC
17 hours ago
After falling below the key $3.00 mark, SUI now retests a make-or-break level that could ignite or stall the cryptocurrency’s rally. However, some market watchers believe that the altcoin is
placeholder
Solana Plunges 13%: Can Key On-Chain Support Stop The Fall?Solana has declined by around 13% in the past week, which has brought the asset back to a major on-chain support cluster. Could this be where the bleed ends? Solana Has Strong On-Chain Support
Author  NewsBTC
17 hours ago
Solana has declined by around 13% in the past week, which has brought the asset back to a major on-chain support cluster. Could this be where the bleed ends? Solana Has Strong On-Chain Support
goTop
quote