As the week began, the XRP price experienced a 4% decline, bringing it nearly 50% below its all-time highs. However, analysts forecast significant gains for one of the market’s leading altcoins in January 2026, citing three major catalysts that could reshape its market outlook. A Major Step Towards Broader Access In a recent analysis, Sam Daodu, a market expert from 24/7 Wall St., emphasized the importance of Vanguard’s decision to approve trading of XRP exchange-traded funds (ETFs). Daodu emphasized that the real significance lies in the facilitation of distribution; with Vanguard’s advisors able to allocate XRP exposure through regulated ETFs without additional cumbersome processes. He indicated that three interrelated factors are now at play: the influx of institutional capital through ETF investments, a reduction in supply, and the influence of Vanguard in altering the approach towards the asset. Related Reading: Bitcoin Pulls Back Under $89K, Michael Saylor Smells Opportunity Notably, the results of the token’s exchange-traded fund launch have already been notable, with XRP inflows hitting $1 billion within the first four weeks of trading, making it one of the fastest-growing crypto ETF launches to date. Additionally, XRP’s market supply has contracted significantly, dropping by 45% from approximately 3.9 billion tokens at the beginning of 2025 to about 1.6 billion by December. This contraction can be attributed to large holders refraining from distributing their tokens, leading to an accumulation in whale wallets and the removal of tokens from liquid markets due to ETF custody. This decreased supply implies that smaller inflows now carry greater influence. With only 1.6 billion tokens available on exchanges, investments of $20-30 million in daily ETF purchases can have a substantive impact on market supply. A Key Driver For Price Appreciation The Vanguard XRP ETF launch is particularly significant in this context, as it locks tokens into regulated custody vehicles that are less likely to be sold frequently. Unlike tokens held on exchanges that can be quickly moved in and out, ETF custody tends to encourage a buy-and-hold strategy, fostering conditions for gradual price appreciation fueled by sustained institutional demand amid a diminishing available supply. Given that the decision to provide ETF access came late in the year, year-end trading typically focuses on maintaining existing allocations rather than creating new positions. While the ETF adds credibility to XRP without causing immediate price pressure, its journey to a $3 valuation by January will depend on how swiftly advisory capital mobilizes, the durability of supply compression, and the overall stability of the markets. XRP Price Path To $3 Three potential scenarios present themselves for XRP’s future. The most optimistic scenario sees advisory capital moving quicker than typical, perhaps allowing advisors to integrate small XRP allocations during January’s rebalancing. In this case, XRP ETF inflows could remain robust, ranging from $40-60 million daily, while the locked-up supply on exchanges supports a price increase that could see the XRP price surpass $2.25, aim for $2.60, and potentially test $3 by the end of January. Related Reading: Ethereum Price Compression Deepens as Analysts Debate if the Next Move Is a Rally or Breakdown The middle-ground perspective suggests a more conventional institutional timing. In this scenario, while the XRP ETF access will gain attention in December, actual allocations might ramp up gradually, leading to a daily influx of about $20-30 million instead of the earlier expected pace. Here, the XRP price could establish higher lows and breach the $2.25 mark, facing resistance between $2.40 and $2.80. Price fluctuations would focus more on future adoption rather than immediate implications. According to Daodu’s conclusions, and given these circumstances, the XRP price reaching $3 could take until the first or second quarter of 2026 rather than being an immediate milestone. Featured image from DALL-E, chart from TradingView.com
Recent bullish predictions for the XRP price have emerged, hinting at a potential for new all-time highs (ATHs) by March 2026 for one of the market’s leading altcoins. XRP Price Projected To Reach New ATH By Q1 2026 According to projections from ChatGPT, XRP could reach approximately $4.40 by the first quarter of 2026, a notable increase of 120% from current levels around $2. In contrast to the AI forecast, some analysts believe that the XRP price has the potential for a stronger rally. They suggest that structural changes could allow XRP to exceed $5 and potentially approach $6 by 2026. Several factors support their optimistic view. For instance, key aspects of the US Securities and Exchange Commission’s (SEC) case against Ripple were resolved earlier this year, which they believe could encourage banks and payment providers to adopt XRP for cross-border transactions, fostering greater confidence in its utility. Related Reading: Bitcoin Reclaims $93,000: Could Altcoins Rebound Amid Predictions Of An Upcoming Bear Market? Additionally, Ripple’s ecosystem is expanding well beyond XRP. In December 2024, the company launched a dollar-pegged stablecoin known as RLUSD, which has already achieved a market cap exceeding $1 billion. While RLUSD itself may not directly boost XRP’s price, it has the potential to attract more participants to Ripple’s network, thereby creating secondary demand for XRP as a bridging asset. Analysts posit that a steady pipeline of RLUSD adoption could enhance Ripple’s revenue growth, consequently driving the XRP price higher. $2.60 Key For Momentum Shift Moreover, analysts point to the upcoming Bitcoin (BTC) Halving, expected in 2028, as a potential catalyst for a broad crypto market rally. The analysts assert that the XRP price has historically benefited from such cycles. From a technical standpoint, chart analysts see XRP setting up for a potential breakout. Price action has formed a base around the low $2 range, which could lay the groundwork for further recovery. Related Reading: Ethereum Fusaka Upgrade Goes Live Today: Experts Predict Potential Supply Crunch Ahead According to the analysts, if bullish momentum can push the token above significant resistance levels around $2.60, it could change momentum indicators to a positive stance. Moreover, a sustained rally into the mid-$3 territory might then pave the way for XRP to reach the $4 to $5 range. When writing, the XRP price stands at $2.14, recording a 1.6% drop in the past 24 hours. Featured image from DALL-E, chart from TradingView.com
Canary Capital’s XRP ETF made a historic debut on Thursday, surpassing its competitors by hitting $58 million in trading volume on its first day, setting a record for the most traded ETF launch this year. This milestone was lauded by Bloomberg expert Eric Balchunas on the social media platform X (formerly Twitter), underlining the remarkable success of the XRP ETF in the market. The launch of the first XRP ETF in the United States earlier today had a notable impact on the XRP price, propelling it towards the crucial $2.5 level. However, subsequent market movements saw a 4% retracement, bringing the token’s current trading price to $2.3. XRP ETF Potential Canary Capital’s CEO, Steven McClur, recently expressed confidence in the potential of an XRP ETF, suggesting that it could outperform the achievements of Solana (SOL). He highlighted XRP’s strong liquidity and global utility, foreseeing substantial institutional investment influx in the near future. The XRP ETF by Canary Capital has indeed outperformed Bitwise’s Solana Staking exchange-traded fund, with a trading volume of $57 million, falling just short of Canary’s fund by a mere million-dollar difference. Related Reading: Who’s Selling Bitcoin? Fidelity Research Boss Breaks It Down Analysts predict that the approval of asset managers like Franklin Templeton, Bitwise, and Grayscale in the upcoming days of November could attract significant institutional investments ranging from $4 to $8 billion, potentially leading to a substantial price surge due to the low liquidity in the market. As a result, market analysts foresee a bullish rally for XRP, hinting that the token may be approaching the end of consolidation. They suggest long-term price targets ranging from $10 to $37. If these bullish scenarios materialize, these surges could result in new all-time highs and significant potential gains, with projections of 334% and a staggering 1,500%, respectively, from current trading levels. XRP Price Could See 150% Increase To $6 by 2030 In addition to the significant ETF debut by Canary Capital, industry experts like Dark Defender have shared key technical analyses that could complement the performance of the XRP ETF market. Notably, Dark Defender highlighted signals on the weekly time frame indicating a potential surge for XRP, with resistance at $2.85, support at $2.22, and targets projected at $18.22 and $36.76. Related Reading: Dormant Bitcoin Giant Stirs, Unloads 12,000 BTC In Surprise Move Geoffrey Kendrick at Standard Chartered anticipates substantial gains in the forthcoming years, largely attributed to the potential of spot XRP ETFs. He has set a target price of $12.50 for 2028, implying annual returns of 73%. Analysts at the Motley Fool have also weighed in, drawing parallels to Bitcoin’s (BTC) price appreciation following the SEC approval of spot Bitcoin ETFs in January 2024, projecting a 150% increase to $6 for XRP by 2030. Featured image from DALL-E, chart from TradingView.com
Over the past month, the XRP price has experienced a significant decline, with its price dropping by 23% amid mounting selling pressure following the crypto market crash on October 10. Some analysts are now suggesting that the altcoin’s correction is not yet complete. A Retest Of Key Fibonacci Level On The Horizon Market expert Casi Trades recently shared insights on social media site X (formerly Twitter), indicating that enthusiasm surrounding the recent partnership announcement with Mastercard may have been premature. During the Ripple Swell 2025 event in New York, the company unveiled a new collaboration with Mastercard, WebBank, and crypto exchange Gemini to test its RLUSD stablecoin as a means of settling credit card transactions. Related Reading: Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana The announcement initially propelled the XRP price toward the $2.41 mark. However, this surge was short-lived, and the price quickly retraced. It maintained its trajectory below the previous Fibonacci Wave 1 low, as seen in the chart below. Casi Trades noted that this price rejection reinforces the belief that the Wave 3 low at $2.05 has not been adequately tested. She anticipates that the XRP price will likely trend downward toward this Fibonacci level to complete the subwave 5 of Wave 3. Additionally, the relative strength index (RSI) supports this bearish outlook, indicating a divergence at the recent price high and suggesting a retest of the lower trendline is imminent. XRP Price Poised For An Explosive 2,155% Increase? Despite the current bearish sentiment, some analysts maintain bullish projections for the XRP price. Egrag Crypto recently remarked that the ongoing price formation resembles a range rather than a straightforward ascending wedge or rectangle. Based on measured moves, projections suggest that the altcoin could reach a new all-time high around $10. If this is indeed Macro Wave 2, the anticipated Wave 3 could be 1.618 times the length of Wave 1, potentially placing targets between $14 and $25. Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 Moreover, the analyst pointed out the growing speculation that XRP will revisit its $0.77 wick on Binance. However, Egrag countered these discussions, noting that the altcoin could also reach the $50 “wick” observed on the Gemini crypto exchange. While some believe the Binance wick to $0.77 must be filled, Egrag argues that ignoring the potential for XRP to hit $50 is a mistake, especially if market symmetry comes into play. The analyst concluded his thesis by stating that this cycle could see the XRP price reaching that $50 level as the market undergoes its “final blow-off phase.” This would imply a major 2,155% uptrend ahead for the altcoin’s price. When writing, XRP trades at $2.22, still recording gains of 318% year-to-date, according to CoinGecko data. Featured image from DALL-E, chart from TradingView.com
The XRP price has been struggling to break through the $3 resistance level, which has proved to be a formidable barrier for the token over the past two months. However, recent news of Ripple’s expansion into the Kingdom of Bahrain has sparked renewed optimism among investors, fueling new bullish predictions for the altcoin. Ripple’s New Partnership With BFB On Thursday, Ripple announced a strategic partnership with Bahrain Fintech Bay (BFB), the largest fintech incubator in the Kingdom. This collaboration aims to enhance Bahrain’s digital assets ecosystem by supporting the development of proofs-of-concept and pilot projects relevant to the local fintech landscape. The partnership will also showcase various solutions in areas like blockchain technology, cross-border payments, stablecoins, and tokenization. Ripple and BFB plan to lead educational initiatives and participate in local events to foster innovation and build industry partnerships. Related Reading: $200 Million Rescue Plan: TRUMP Meme Coin Fights For Survival Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, expressed enthusiasm for working with BFB to establish a robust local blockchain industry and to offer Ripple’s digital assets custody solution and its stablecoin, RLUSD, to financial institutions in Bahrain. Suzy Al Zeerah, Chief Operating Officer at BFB, echoed this sentiment, highlighting the partnership’s potential to bridge global innovators with Bahrain’s local ecosystem and to drive fintech innovation in the region. 4 Anticipated Catalysts For The XRP Price Looking ahead, analysts from The Motley Fool have pointed out that the US Securities and Exchange Commission (SEC) is expected to make a decision on the recent influx of XRP exchange-traded funds (ETFs) by October or November, which could significantly attract both retail and institutional investors. In July, Ripple applied for a US bank charter, a move that could also enhance the utility of XRP as a bridge currency. The analysts also highlighted the introduction of Ripple USD, which may appeal to international users looking to hedge against hyperinflation while lacking access to US dollars. Related Reading: Why The Bitcoin Price Might Never Drop Below $100,000 Again The anticipated rollout of sidechains to support Ethereum-based smart contracts on the XRP Ledger could also position Ripple as a more attractive option for developers. Speculation suggests that Ripple may make announcements regarding these sidechains at its upcoming Swell event in New York in early November. The Motley Fool’s analysts also believe the Federal Reserve’s (Fed) potential reduction of benchmark rates in 2025 and 2026 could catalyze a “crypto summer.” Such conditions might drive the XRP price upward, with eyes on the $4, which could mean a 42% rally in the coming months. When writing, the XRP price trades at approximately $2.81, resulting in a major gap of 23% between current trading prices and the altcoin’s all-time high set at $3.65. Featured image from DALL-E, chart from TradingView.com
In stark contrast to the broader resurgence in the cryptocurrency market, where many assets are approaching or exceeding record highs, the XRP price finds itself in a precarious position. The altcoin has consistently failed to breach its nearest resistance level at $3, resulting in a retracement to crucial support levels that are vital for preventing a significant correction and further declines. XRP Price Struggles As Bitcoin Hits New High While Bitcoin (BTC) recently celebrated a new all-time high above $126,000, Ethereum (ETH) is inching closer to its own record of $4,900, and Binance Coin (BNB) mirrors Bitcoin’s ascent with prices rising above $1,300, XRP has faced a nearly 4% drop. Related Reading: Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next Market expert Lark Davis expressed his concern on social media site X (formerly Twitter), stating that the XRP price has been unable to find its footing, repeatedly getting pushed down in its attempts to break the descending resistance line. He emphasized that a successful break above the orange line just above the current trading price could open the door to a target of $4, which would mean a new all-time high for the XRP price. However, Davis cautioned that failure to achieve this could necessitate reliance on the 20-day exponential moving average (EMA) at $2.94. Currently, XRP is trading at $2.92, just below this critical level, further accentuating the lack of bullish momentum. A sustained drop below this point could lead to further declines toward nearby support levels, with $2.77 emerging as a significant threshold on the daily chart. The $2.60 mark also becomes increasingly important. Should this level be tested, it could prevent a major collapse toward $2.22, a pivotal consolidation point since June that preceded XRP’s surge to over $3.60 in July. On the contrary, if this support breaks, the $2 mark could be in jeopardy for the remainder of the year. Can Consolidation Lead To A Breakout? Despite these challenges, some analysts remain optimistic about the XRP price prospects. Egrag Crypto, a market analyst recognized for bullish forecasts on the altcoin, shared an encouraging outlook on social media. He highlighted the potential for an October breakout, based on mathematical projections and historical breakout percentages. Egrag pointed out that an ascending triangle typically breaks out around the 70-80% mark of its formation. According to his analysis, if the XRP price continues to consolidate within this triangle pattern between $2.6 and $3.6, traders can anticipate a breakout as it approaches 70% to 80% of its formation. Related Reading: BNB Price Hits $1,240 Record High: Partners With Chainlink For On-Chain US Economic Data Despite the uncertainty surrounding XRP’s immediate performance, the $3 resistance level remains pivotal for initiating a new uptrend and reclaiming its position against BNB as the third-largest cryptocurrency by market capitalization. Currently, XRP has slipped to the fourth spot, having been overtaken by Binance Coin. The coming days will be crucial in determining whether the XRP price can overcome its challenges and regain momentum in this competitive landscape. Featured image from DALL-E, chart from TradingView.com
As the altcoin market experiences a resurgence, XRP has struggled to gain momentum, consolidating between $2.70 and $3 for the past two weeks. Despite the excitement surrounding potential exchange-traded funds (ETFs) that could invest in the altcoin if approved, The Motley Fool has cautioned that the current market correction may persist longer than many anticipate. Warns Of Prolonged Downtrend In a recent analysis, the firm attributed some of XRP’s lackluster performance to a general malaise in the cryptocurrency market, where traders are waiting for Bitcoin (BTC), the market’s leading cryptocurrency, to lead a new price rally. However, two critical factors suggest that XRP may face a more prolonged downtrend than previously expected. The anticipated launch of new spot crypto ETFs has been a focal point of discussion since the beginning of the year. Related Reading: Ethereum (ETH) On The Brink Of A Major Supply Crisis: What It Means For Investors Several asset managers have submitted applications to the Securities and Exchange Commission (SEC) to create spot XRP ETFs, with Bloomberg estimating a 95% approval chance and online prediction markets estimating 94%. While approval seems likely, the real question revolves around the demand for these ETFs. XRP, currently the world’s third-largest cryptocurrency, undoubtedly has some level of institutional interest, yet the actual inflows tell a different story. Data indicates that only $1.25 billion flowed into XRP from institutional investors during the first eight months of 2025. JPMorgan Chase has projected that the upcoming ETFs could attract between $4 billion and $8 billion into XRP. However, the firm asserts that even the lower end of this estimate might not significantly influence XRP’s price action over the long-term, given its current market capitalization of $180 billion. Recovery For XRP May Not Occur Until 2026 While there is considerable optimism among analysts regarding XRP’s future, with some price predictions suggesting it could reach new record prices of up to $4, $5, or even $10, the firms noted that these projections do not account for the risks of short-term price declines. According to crypto betting platform, Polymarket, there is a 32% chance of XRP dropping to $2.50 this year, a 30% chance it could fall to $2.40, and a 27% chance of plummeting to $2. Related Reading: BNB Price Surges to Fresh ATH – Can Bulls Push Toward $1K? These statistics indicate that XRP could continue to drift lower over the next few months before any meaningful recovery takes place, potentially not occurring until 2026. Ultimately, The Motley Fool analysis suggests that any upward movement for XRP is likely to depend on Bitcoin’s performance. If Bitcoin fails to reclaim its previous peak by the end of the year, it will be challenging for XRP to initiate its own rally. As of this writing, the XRP price has recovered the $3.0675 mark, representing a 1.5% surge within the last 24 hours. This pales in comparison to Ethereum’s (ETH) 5% gains within the same time frame. Featured image from DALL-E, chart from TradingView.com
As the XRP price climbs back above the crucial $2 mark, reflecting a 20% surge over the past week, market analysts are increasingly optimistic about the token’s recovery and potential for setting new all-time highs (ATHs). Expert analyst Maelius recently shared insights on social media platform X (formerly Twitter), suggesting that the current market dynamics support a bullish outlook for the XRP price. XRP Price Could Target $10 In Conservative Case Despite the recent price surge, some market participants remain skeptical about XRP’s trajectory. Maelius addressed these concerns, stating, “In a conservative case, I think XRP looks very bullish on higher time frames (HTFs).” Historically, XRP has shown a pattern of respecting the 50-week Exponential Moving Average (EMA) during bull markets. Recently, the asset touched this EMA and rebounded, reinforcing the belief that it is on a positive trajectory. Related Reading: This Bitcoin Pullback Mirrors 2017’s Path To Parabolic Highs, Says Analyst In his social media update, Maelius outlined two scenarios for XRP’s future price movements: a conservative case and a more optimistic base case. In the conservative scenario, Maelius posits that XRP has completed its Wave 3 (W3) of a larger Elliott Wave cycle and is currently finalizing Wave 4. This suggests that XRP could expand into a final Wave 5, targeting $10. The expert assigns a 35% probability to this conservative case, highlighting that price and Relative Strength Index (RSI) behaviors indicate a potential base formation around current levels before reaching new highs later in the year. Maelius’s more optimistic scenario suggests that the top of Wave 3 may not have been reached yet. He points out that the accumulation phase for the XRP price has been longer than in previous cycles, indicating that the market may just be taking more time to develop. In this case, the final W5 could extend into the first or second quarter of the next year, with targets ranging from $15 to $20 or higher. Can Dominance Translate To Price Gains? In addition to the XRP pprice analysis, Maelius examined the token’s market dominance, which indicates the token’s share within the broader cryptocurrency market. The expert noted that while the token’s dominance has been preparing for a final upward move, this does not necessarily correlate with the XRP price reaching new highs. The dominance metric, seen in the image below shared by Maelious, suggests that while XRP might underperform relative to other altcoins, it still has the potential for significant price appreciation. Related Reading: Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap? The 1-week RSI for the token’s dominance is currently in an uptrend and resting on horizontal support. If this support level fails, a diagonal support line could provide the next level of defense. Historically, XRP’s dominance has experienced two major impulses during previous cycles, each reaching notable resistance areas. However, Maelius cautions that the growing size of the market makes it increasingly challenging for any single asset to achieve the same peaks as in prior cycles. Featured image from DALL-E, chart from TradingView.com
After two weeks of trading within the $2.30 to $2.50 range, the XRP price appears to be on the brink of a significant price movement. Potentially entering a new price discovery phase for the first time in seven years, analysts suggest a possible surge to new record highs. Bullish Targets For XRP Price In a recent post on social media platform X (formerly Twitter), technical analyst Dark Defender indicated that the XRP price consolidation has concluded, as evidenced by the lows in the relative strength index (RSI) on the daily chart. Related Reading: Ethereum Price Gearing Up for Gains—Can Bulls Sustain The Momentum? The analyst posits that a “wave 3” rally may be set to launch, targeting a price of $5.85, which would represent an impressive 129% increase from its XRP’s current trading level of $2.55. Further reinforcing his bullish outlook, Dark Defender identified another ambitious target for XRP, suggesting it could nearly triple its previous all-time high of $3.40, aiming for a new target of $8.76, which implies a potential 243% uptrend from current levels. In addition, Dark Defender pointed to key support levels for the XRP price in the short-term, currently established at $1.88 and $2.33. The latter has proven to be a critical threshold, preventing further declines amid a turbulent market characterized by broader cryptocurrency sell-offs. On the upside, however, the XRP price may face major resistance at the $2.66 and $3.12 levels, which previously served as support before the extension of the recent downtrend for the altcoin. Should the XRP price manage to break free from its current consolidation phase and reclaim the $3 mark, additional resistance could emerge at $3.29 and $3.38, levels that previously thwarted attempts to surpass the $3.40 record. SEC Acknowledges Grayscale’s XRP ETF Filing A significant legal development in the US could serve as a catalyst for these anticipated price movements. The US Securities and Exchange Commission (SEC) has recently acknowledged Grayscale’s filing for an XRP exchange-traded fund (ETF), signaling potential advancements toward the approval of such investment vehicles. This development follows a shift in the SEC’s leadership, with the departure of Gary Gensler, who oversaw the lawsuit against Ripple Labs—an action that stifled XRP’s price for nearly four years, confining it to a narrow trading range of $0.30 to $0.50. Related Reading: Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path The current administration under President Donald Trump is seen as adopting a different approach to regulatory oversight compared to the previous Biden administration. The new SEC leadership may promote a more favorable environment for cryptocurrencies beyond the approvals of Bitcoin and Ethereum ETFs last year, which have significantly increased their adoption and attracted capital inflows. However, until these developments materialize, the XRP price remains steady at $2.55, having recorded an 11% gain over the past week but a notable 17% decline over the previous fourteen days. Featured image from DALL-E, chart from TradingView.com
XRP has seen a sharp 25% pullback from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain optimistic about XRP’s potential to regain momentum, while others predict a deeper retrace before any significant rally. The market appears divided, with bulls eyeing a potential breakout and skeptics bracing for a quiet sell-off. Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout Crypto analyst Harry weighed in on the discussion, sharing a detailed technical analysis on X. He highlighted that XRP could target a $4 price once it completes a deeper retracement. Harry’s analysis suggests that while bullish sentiment remains valid, the path forward might require additional consolidation or even a short-term dip to reset market conditions. This divergence of opinions underscores the uncertainty surrounding XRP’s price action. Will the retrace provide a launchpad for the next rally, or will it pave the way for prolonged bearish pressure? As XRP hovers near key levels, the coming days will determine whether bulls or bears gain control. For now, XRP holders and traders must watch these movements closely, as the token’s future hinges on breaking this current stalemate. Price Action Signals Storm Before The Run XRP has recently faced a significant retrace, and many analysts believe further correction or consolidation could be on the horizon before a bullish continuation occurs. After reaching high levels, the token pauses, with some experts forecasting a stabilization period. However, the bullish camp remains hopeful, anticipating new highs in the coming months as buy-side pressure builds. Top analyst Harry shared his insights on X, pointing out that XRP has yet to retest the critical $1.96 breakout level. Currently, the price is hovering between $1.96 and the 2017 all-time high of $2.77. According to Harry’s technical analysis, this positioning indicates growing bullish momentum. He further suggests that if XRP’s current flag formation breaks to the upside, the token could be poised for a powerful rally toward new highs. Related Reading: SUI About To Break ATH Again – Can Bulls Target $4.20 This Week? This analysis follows weeks of speculation surrounding XRP’s price trajectory, especially in the wake of Bitcoin’s volatile movements. BTC has fluctuated around the $100K psychological level, repeatedly breaking and losing it. These conditions have added an extra layer of uncertainty to the market, leaving traders uncertain of what to expect next. XRP Showing Indecision XRP is trading at $2.40, marking a 14% recovery from its recent local lows of $2.16. Despite this bounce, the token’s price action remains uncertain as market sentiment remains divided. Traders and investors are closely monitoring the next moves, with no definitive signs pointing to either a bullish continuation or the formation of a cycle top. The key levels to watch are $2.25 and $2.50. If XRP manages to hold above the $2.25 support and reclaim the $2.50 level in the near term, it could signal the start of a renewed bullish rally. This scenario would likely attract additional buying pressure, pushing XRP closer to retesting its recent highs. However, the market’s current indecision reflects broader uncertainty, and any failure to reclaim these levels could lead to further consolidation or a potential downside. Related Reading: Cardano Whales Keep Buying – Price Holds Above Crucial Mark As Bitcoin and the broader crypto market experience fluctuating trends, XRP’s next move will be critical in determining its trajectory. For now, the token remains in a delicate position, and traders should exercise caution while keeping an eye on these pivotal price levels. Whether XRP resumes its upward momentum or sees additional correction will largely depend on market conditions in the coming days. Featured image from Dall-E, chart from TradingView
On Thursday, the XRP price soared to $1.41, marking its highest trading value in over three years. This surge coincides with a shifting regulatory landscape in the United States, spurred by the anticipated administration of President-elect Donald Trump. During his campaign, Trump pledged to position America as the “crypto capital of the world,” a promise that is beginning to resonate with market participants even before his inauguration on January 20, 2025. Gensler Sets Last Day At SEC For January 20 In recent weeks, the cryptocurrency market has seen a notable uptrend, with Bitcoin leading the charge and achieving consecutive all-time highs. This momentum is in part a response to the positive sentiment surrounding Trump’s pro-crypto promises, which is expected to facilitate a more favorable environment for digital assets. Related Reading: FTX Provides Details On $16 Billion Distribution Timeline For Customers And Creditors Central to this optimism is the expected departure of Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC). Gensler has been criticized for fostering an unclear regulatory environment that many argue has stifled the growth of cryptocurrencies in the US. For XRP and Ripple Labs, this scrutiny has been particularly pronounced over the past four years under the Biden administration. Trump previously vowed to remove Gensler from his position, a move that many in the crypto community view as a necessary step toward clearer regulations. Yet, on the same day as Trump’s anticipated inauguration, Gensler confirmed that January 20, 2025, will be his last day at the SEC. His resignation preempts what many experts speculated could be a contentious conflict if he remained in office while Trump sought to replace him. XRP Price Surges Nearly 30% In 24 Hours This shift in the regulatory landscape in the US has contributed to a clearer outlook for digital assets, as reflected in XRP price movements. In the past 24 hours alone, XRP recorded gains of nearly 30%, and over the past week, it has increased more than 70%. Crypto analyst Ali Martinez recently shared his views on X (formerly Twitter), stating that Gensler’s exit could be highly beneficial for both Ripple Labs and the XRP price, which he believes is now targeting $2. Related Reading: Ethereum Sees Neutral Netflow On Binance: What Does This Signal? Another analyst, CrediBull, echoed this sentiment, noting that XRP’s monthly Relative Strength Index (RSI) is approaching overbought territory for the first time in three years. The analyst emphasized that a higher RSI typically indicates stronger momentum and bullish prospects for the asset, absent any bearish divergences. CrediBull suggested that the next significant target for XRP is $2, with aspirations for new all-time highs thereafter. Currently, the token’s all-time high stands at $3,040, which was reached nearly seven years ago in January 2018. This means that the XRP price could be in for a massive 150% uptrend in the coming months. Featured image from DALL-E, chart from TradingView.com
Crypto pundit and YouTube influencer Levi Rietveld has projected a bold price target of $10,000 for XRP with his 117,000 followers. His prediction is backed by major developments within Ripple’s adoption and integration into Central Bank Digital Currencies (CBDCs). Notably, the prediction is influenced by James Wallis, Vice President of CBDCs at Ripple, who has been vocal about Ripple’s ongoing global projects and pilots. In a video that gained significant attention on social media, Levi outlined the potential trajectory for XRP, emphasizing its use in extensive pilot projects and private ledgers across multiple continents—excluding Antarctica. According to Levi, these initiatives could catapult the XRP price to “skyrocket past $10,000 per coin if it all falls into place.” Is $10,000 Per XRP Possible? Levi is referencing interviews with Wallis where he details Ripple’s approach for partnerships with central banks worldwide. He explains that Ripple has been developing private versions of the XRP Ledger (XRPL) tailored to the specific needs of central banks that prioritize privacy and security, leveraging the robust, open-source technology of the public XRPL. Related Reading: XRP Set To Explode? Top Analyst Predicts $33 Rally This strategy allows central banks to utilize a blockchain platform without exposing sensitive transaction data. “The XRP Ledger technology is proven; it has been processing billions of transactions,” Wallis stated, underscoring the reliability and scalability of the technology. Wallis’s unveiled a strategic pivot towards creating a hybrid blockchain system that combines the transparency and efficiency of public blockchains with the privacy controls essential for central bank operations. This bespoke approach has reportedly gained traction, with Ripple working on more than ten active projects across various continents, as Bitcoinist reported. Levi’s enthusiasm for XRP’s potential price explosion is further fueled by recent regulatory developments. He emphasizes significant victories for Ripple against the US Securities and Exchange Commission (SEC). “Our recent wins from the SEC prove that well these institutions are going to start being able to use the XRPL how they see fit,” Levi commented. Related Reading: Crypto Analyst Predicts 42,263% Breakout For XRP Price To $280, Here’s The Roadmap The pundit linked these regulatory advancements directly to potential massive adoption, implying that as legal barriers diminish, financial institutions could integrate XRPL more broadly and deeply into their operational frameworks. This adoption would enhance transaction efficiencies and reduce costs, making XRP more indispensable as a bridging currency in international trade and finance. The anticipation of XRP’s integration into mainstream financial operations has stirred considerable excitement among the XRP army. The potential application across CBDC projects could have a substantial impact on the token’s price. An extensive adoption could significantly increase demand for XRP, driving up its price. Levi’s projection of XRP reaching $10,000 is predicated on the convergence of technological adoption and regulatory acceptance, which could “skyrocket” its value. However, it is important to note that even in the community, the price target of $10,000 is more than controversial. To reach this price, XRP would have to rise by a whopping 1,700,000%. At press time, XRP traded at $0.50. Featured image created with DALL.E, chart from TradingView.com
The XRP price has climbed by over 4% within the last 24 hours, extending its bullish trend observed over the past month. This increase propelled the token to a four-month peak of $0.6377 early on Tuesday, outperforming the top 10 cryptocurrencies in the market. However, this recent surge in value coincides with strong criticism from key Ripple executives, including CEO Brad Garlinghouse and the company’s Chief Legal Officer Stuart Alderoty, directed at the leadership of the US Securities and Exchange Commission (SEC). Ripple’s Response To Amendments In Binance Lawsuit As Bitcoinist reported early Tuesday, the SEC amended its complaint against the world’s largest exchange, Binance, specifically adjusting the classification of 10 cryptocurrencies, such as Solana (SOL), Cardano (ADA), Polygon (MATIC), and Cosmos (ATOM), that were initially deemed as “securities.” Related Reading: Research Firm Predicts Bitcoin Game Theory In Global Adoption Race Brad Garlinghouse, Ripple’s CEO, responded to this development by emphasizing the SEC’s perceived “hypocrisy” in the classification of crypto tokens and its management of crypto regulations over the past year under the guidance of Chair Gary Gensler. Garlinghouse criticized the SEC for what he sees as a lack of clarity in the consistent application of rules, suggesting possible political agendas or questionable litigation tactics. “Definitely not faithful allegiance to the law,” Garlinghouse said. Stuart Alderoty, Ripple’s CLO, also weighed in on the situation, pointing out apparent inconsistencies between the lawsuits involving Binance and the US-based crypto exchange Coinbase, both initiated around the same period in the last quarter of 2023. Alderoty highlighted the SEC’s response to judicial scrutiny in the Binance case compared to its stance in the Coinbase lawsuit, particularly regarding the classification of tokens, in which twelve cryptocurrencies, most of which were also included in the Binance case, were also deemed securities. Analyst Forecasts Bullish Breakout For XRP Price Despite XRP not being implicated in the recent SEC decision, its price continues to surge following a 33% uptrend over the past month. The sustained momentum fueled by bullish investors suggests a potential push towards the $1 threshold. Crypto analyst Ali Martinez notes that XRP’s price has been consolidating within a symmetrical triangle pattern for six years. Martinez anticipates a bullish breakout if XRP surpasses the $0.90 mark, especially in light of the ongoing recovery from a significant dip that drove the token to a 17-month low of $0.3825 on July 5. Related Reading: Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data However, a critical event looms on August 1 when Ripple Labs is scheduled to release 1 billion XRP from its escrow account, which this influx of supply could potentially outstrip demand, leading to a subsequent decline for the XRP price if market interest fails to materialize. The key will be to watch the $0.5353 level, where the token’s 200-day exponential moving average (EMA) currently resides, which could act as a notable support in the scenario of a further decline following Ripple’s token release. Featured image from DALL-E, chart from TradingView.com