XRP has surged by over 8% in the last session, closing near $2.68 with a daily high brushing $2.84, signaling a dominant upward trend.
The Relative Strength Index (RSI) is currently above 79, indicating heavily overbought conditions, potentially leading to a short pullback before a continuation of the upward trend.
A Fibonacci extension projection suggests a realistic medium-term target for XRP around $5, well before any potential reach of $15.
For XRP to hit $15, it would require a 450% gain from current levels, which has been achieved in the past during explosive rallies driven by positive news or adoption. However, the current overextended RSI indicates the need for a consolidation phase to avoid a burnout.