Economist: XRP to Follow ZEC: $8-$10 Conservative Price Targets

Technical Outlook Suggests Significant Upward Potential for XRP

Market analyst Mikybull has presented a technical outlook suggesting that XRP may be positioned for substantial upward movement, drawing parallels to the recent performance of Zcash (ZEC). This commentary was supported by monthly charts that illustrate past consolidation patterns and breakout structures, emphasizing recurring long-term formations and measured expansion phases that have historically led to significant price appreciation.

Analysis of XRP's Technical Structure and Projected Targets

Mikybull's chart analysis focuses on multi-year trend behavior, highlighting extended accumulation zones situated below descending resistance levels that were subsequently followed by sharp upside breaks. The current price action is depicted as a defined horizontal range positioned just above prior resistance, which the analyst interprets as another consolidation period preparing for continuation. This pattern is seen as resembling earlier cycles displayed in the chart, where sustained compression preceded significant directional moves.

Based on the magnitudes of prior breakouts and current structural similarities, Mikybull has outlined a conservative valuation range of $8 to $10 for XRP, assuming the present consolidation resolves decisively to the upside. The analysis emphasizes the monthly timeframe, suggesting that any potential breakout would likely unfold gradually rather than as a short-term spike. The thesis is rooted in the continuation of historical breakout behavior observed on the chart, rather than external catalysts.

Comparison with ZEC's Market Movement

Mikybull's assertion includes a reference to ZEC's recent market performance. According to major market trackers, ZEC has experienced a significant increase, gaining approximately 16% over the past 24 hours and roughly 60% over the past week. This recent surge has refocused attention on assets that have previously endured extended periods of subdued movement before experiencing upward breaks.

The comparison is therefore based on structural price formation and the historical tendency for long-range consolidations to resolve in upward price discovery phases, rather than on direct comparisons of utility or function between the two cryptocurrencies.

Community Reactions and Differing Perspectives

The technical analysis and price targets presented by Mikybull have elicited varied reactions within the community. Some participants expressed skepticism, with one individual opining that XRP lacks meaningful value and comparing it unfavorably to other tokens, citing alternative projects as being better positioned.

Conversely, another commenter highlighted regulatory clarity as a potential factor that could foster stronger institutional engagement with XRP. A third response voiced dissatisfaction with what was described as prolonged expectations and limited follow-through, contrasting the current sentiment surrounding XRP with the momentum observed in ZEC.

This range of responses underscores the ongoing division between those who prioritize technical analysis and those who evaluate digital assets based on fundamentals or perceived market execution.

Mikybull's projection is contingent upon XRP successfully breaking above its current consolidation range and sustaining higher price levels. While the technical comparison to ZEC provides a clear chart-based rationale, the realization of the stated price targets depends on market continuation, liquidity dynamics, and broader conditions within the digital asset sector.