An extensive technical analysis released on Tuesday via Sistine Research's YouTube channel has positioned XRP at the forefront of the current cryptocurrency market, suggesting a potential price trajectory that could see the token soar to $73 during a late-cycle surge, provided historical patterns and current chart indicators remain valid.
During the firm's regular live-stream session, analyst Forrest highlighted XRP as the leading performer among cryptocurrencies since the U.S. elections on November 5, 2024. “XRP is the number-one performing coin since the election, the strongest coin on my watch-list,” he stated, referencing a four-hour relative performance chart that compared major cryptocurrencies, selected altcoins, metals, and equities. He noted that the next best performers, HBAR and XLM, are typically “beta” plays that tend to rise after XRP begins to trend upward.
Forrest's analysis is based on what he describes as a “seven-year flag and breakout” visible in XRP's monthly chart. This pattern includes the extended consolidation that followed the 2017 bull market and a recent five-month bull flag formed this year. He questioned, “Why would I not own a chart that looks like this?” emphasizing the rarity of multi-cycle structures that decisively break upward without retracing. According to him, a critical resistance level lies between $3.00 and $3.30, where XRP previously reached its all-time high in January 2018. He believes that once this level is surpassed, momentum traders who feel they have missed the opportunity will enter a market that is just beginning to heat up: “Above three dollars, I get even more bullish. The higher this goes, the more bullish it becomes—up to a point, of course.”
Forrest outlined several profit-taking zones: an initial resistance range of $7–10 where early investors might begin to take profits; a mid-range of $17–37 based on Fibonacci extensions and previous percentage movements; and an ambitious target of $73, derived from measuring the height of the 2017 breakout and extending it from the current flag's pivot point. He acknowledged that the $73 target might seem unrealistic with XRP trading around $2.28 during the stream, but pointed out that similarly substantial price movements have occurred during past crypto supercycles. In the 2017 surge, XRP rose approximately 1,400% from its breakout flag; applying a similar ratio to the current structure supports his upper target.
While maintaining a bullish outlook, the analyst did present scenarios that could undermine his thesis. A significant drop below the current trading range—specifically the $1.80–1.90 area—could necessitate a “round-trip” back to the mid-$1 zone and delay upward movement. Nevertheless, he views the current range-bound price action as positive: “As long as we’re holding range, I’m not entertaining the deep retrace.”
Forrest also differentiated between holding spot XRP—described as “a no-brainer”—and using leveraged positions, cautioning viewers that structural targets should be viewed over months and that leveraged trades may struggle during periods of volatility. Sistine Research's macro outlook remains strongly pro-risk for the summer, with the firm’s proprietary “Bitcoin Blueprint” identifying a historically bullish period from June 7 to June 21. This seasonal momentum, combined with the technical setup, reinforces Forrest's belief that XRP will outperform both competing cryptocurrencies and traditional safe-haven assets like gold and silver, which the firm continues to hold as portfolio hedges.
The ability of XRP to replicate its 2017 success will hinge on broader liquidity conditions, key regulatory developments in the ongoing SEC litigation, and the degree to which institutional investments diversify beyond Bitcoin and Ethereum. However, the Sistine Research team is positioned as if significant market movements are already underway: “It’s slowed down a little recently, but I expect this overall trend to continue.” As of the latest update, XRP was trading at $2.32.
