XRP 8-Year Base Formation Hints at Multi-Year Bullish Reversal to $58.9

XRP is moving closer to real-world use as UC Berkeley teams up with Ripple through the University Blockchain Research Initiative to launch a pilot program called the University Digital Asset Xcelerator. The goal of UDAX is to turn blockchain research from the classroom into practical solutions, with a clear focus on expanding its use in a regulated financial system.

The UC Berkeley–Ripple initiative bridges early-stage ideas with market readiness by connecting founders to Ripple engineers, venture capital firms, and industry mentors.

Participants receive hands-on support to scale XRP-based enterprise applications, reduce development timelines, and transform research-driven concepts into deployable products aligned with institutional standards across payments, liquidity, and infrastructure.

Also Read: XRP Retests Falling Wedge Resistance as Bulls Seek Confirmation

XRP Breakout Signals Next Major Rally Toward $20

However, the crypto analyst, Javon Marks, highlighted that the asset is back in the limelight after a prolonged coil pattern broke out in the upward direction. Following the break, the price surged more than 580 percent, touching a brand-new all-time high.

However, instead of falling below significant levels, the token managed to remain above them, which is a strong indication that it is ready to surge once again.

Source: X

The updated projections suggest the trend is only in the early stages. Based on the size of the original coil, there is a minimum target of $15 to $20, which could translate to an increase of over 600% based on the current market prices, provided the trend continues.

XRP 8-Year Base Formation Signals Multi-Year Breakout

Moreover, another crypto analyst, Maxi, revealed that XRP is displaying a very unusual bullish formation in the long run. It appears to be a rounded bottom formation lasting eight years, which is sometimes known as a cup-and-handle formation.

This type of formation normally signifies a major trend change rather than a temporary move. Moreover, it has been ranging sideways for a year below its former record high, absorbing supply in the process.

Source: X

If XRP manages to move above this resistance level, extensive potential exists in the coin. Initial levels to target are around $7 and further at $19.5, depending on previous extensions in value.

The long-term prediction for the token reaches $58.9. This target is calculated on the entire journey of a base formation period and is not some temporary estimate.

Also Read: XRP Price Structure Mirrors 2022 As Support Near $1.85 Faces Pressure