[DigitalToday reporter Jinju Hong] An analysis said XRP could rise by around an additional 60 percent in the short term if it holds the $1.50 to $1.55 range.

Decrypt, a blockchain media outlet, reported on Sept. 28 local time that market analyst Celal Kucuker (셀랄 쿠추케르) suggested an upper band of $2.18 to $2.57 based on XRP's recent technical trend.

The key is whether short-term support holds. XRP recently moved back above the top of a downtrend structure and is showing a pattern of trying to keep prices around $1.50 to $1.55. As this range had been a resistance line, it has been singled out as the first level to defend going forward.

Kucuker viewed XRP as having risen 56.83 percent from about $0.99 to $1.55 in the prior upswing. He suggested that if the same magnitude of rise appears again from the current range, it could mathematically reach about $2.43. He drew a line, however, saying the figure is not a forecast guaranteeing the actual level but a comparison value that simply applies the previous gain.

It also offered an upper reference level on the chart. The first major area is about $2.1825, the Fibonacci 1.0 extension. From around $1.55, it would require a rise of about 41 percent to reach that price. Above that, the $2.35 to $2.40 range was suggested, and the higher 1.38 extension was shown at about $2.5685. If it rises from $1.55 to that level, the gain would be about 66 percent.

Recent moves show XRP rebounded from below $1 and recovered to around $1.55. During the subsequent corrective phase, it moved within two downtrend lines and at one point slipped into the $1.27 to $1.30 range. It then rebounded again and broke above the upper trend line. It is now in a situation where support is being tested around a price level similar to where the previous rise had ended.

The most important premise in the analysis is maintaining the breakout structure. If XRP stays above the prior downtrend resistance line, the current breakout move remains intact, and $2.18, $2.40 and $2.57 stand out as the next upper reference levels. If it is pushed back below the trend line, the reliability of the recent breakout signal could weaken.

In terms of market reaction, the analysis is closer to a conditional scenario than a directional call itself. Kucuker suggested upside targets but viewed the chart as not confirming an immediate 60 percent rise. He said it is only a measured value based on the prior 56.83 percent rise, meaning the actual path depends on whether $1.50 to $1.55 holds.

Therefore, in the short term, whether it settles in the current range is more important than the price target itself. If XRP holds the $1.50 to $1.55 range, the upper extension zone could open again, but if it gives up that level, the recent rebound structure could come under pressure again.