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Analysts see bullish technicals in XRP: Multi-year breakout targets as high as $15
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Regulatory victories (SEC case dismissed, SAB 122 abrogation) boost XRP’s US outlook
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Institutional funds cited potential US XRP ETF approval as major catalyst for institutional fund
Analysts are predicting significant gains for XRP. They even predict that it could reach $15 per token.
XRP is showing a strong upward trend, breaking through long-term resistance and forming positive chart patterns. This technical picture, coupled with favorable regulatory changes and signs of increasing institutional interest, contributes towards the increasingly bullish feeling.
Technical Analysis: Does a multi-year resistance break signal upside?
Analyst “CryptoELlTES”, a market analyst, highlights that XRP has recently surpassed its long-term support zone around $1.95 and $2.10. This price zone had been a significant cap on major rallies both in 2018 and 2021. Chart analysts consider its apparent conversion into a support zone a significant development.
CryptoELlTES suggests that this breakout could confirm a cup and handle pattern of a multi-year period. This is a classic technical setup, often interpreted to signal the potential for sustained price rises.
Further analysis shows that XRP is currently retesting the former resistance area at around $1.63, which coincides with a 0.786 Fibonacci retracement key level. CryptoELlTES suggests that if XRP can hold this level, it could reach potential upside targets derived by Fibonacci extension: initially near $8.34 (1.272) and possibly extending up to the range of $13.55-$15 (1.414) in the next few months.
Bullish Rectangle Pattern Indicating Accumulation
Analyst “Dark Defender”, who noted that XRP appeared to be forming a rectangle pattern, also has a positive view.
This type of consolidation is often indicative of a period of accumulation prior to a possible major price advance. In the past, rectangle patterns have often preceded sharp, decisive breakouts.
Related “You have no idea”: Analysts’ XRP chart hints at a truly massive price surge
Dark Defender suggests that a confirmed break above the $2.50 level could trigger a rally for XRP. A breakout based on a 261.8% Fibonacci Extension from the pattern might initially target $5.85.
If the pattern continues to resolve upwards, the analyst believes that XRP will eventually challenge its all-time highest levels.
Regulatory tailwinds: SEC case closed, bank custody opens up
Recent regulatory developments in the US, as well as positive chart signals, also contribute to a bullish narrative.
“Anders,” a digital asset researcher, among others highlights regulatory progress which could lead to a rise in XRP’s adoption. The SEC’s high profile case against Ripple was dismissed earlier this year, removing a major legal cloud which had been affecting the project for many years. This allows Ripple to focus on expanding its ecosystem.
Moreover, the repeal of Staff Accounting Bulletin 122 allows regulated US banks now to offer custody services for digital currencies like XRP. This could be a positive development for Ripple’s secure custody solutions, and encourage wider institutional involvement.
The upcoming stablecoin regulations could also boost Ripple’s planned RLUSD by enhancing its profile of compliance.
Approval of XRP ETF
Anders notes that the US approving XRP Exchange Traded Funds (ETFs), could be a powerful catalyst.
An XRP ETF, based on prediction market data that indicates a high perceived probability of late 2025, could simplify investment for traditional investors and bring in significant institutional capital. Many believe this is a major factor that could push XRP to new price highs.
Current Market Performance
Currently, (at the time of this press release, March 28, 2025), XRP is trading at around $2.30 with a substantial 24-hour volume of $2.7 billion.
Related toXRP: What’s next? Analysts See “Price discovery” Mode After SEC settlement
Analysts have argued that despite minor pullbacks the technical structure and positive fundamentals news support the bullish case. XRP’s current market cap is around $136 billion.
