The bullish sentiment is fueled by multiple applications for XRP exchange-traded funds (ETFs) and historical chart patterns that suggest a substantial rally may be on the horizon.
XRP ETF Applications Gain Momentum
The growing interest in XRP ETFs instills a lot of optimism among crypto enthusiasts. 21Shares, Bitwise, Canary Capital, and WisdomTree have already filed spot XRP ETF applications with the United States SEC via the Cboe BZX Exchange.
ONDO Crypto Unveils Tokenization of Stocks, Bonds, and ETFs Using Ripple XRP. Source: Crypto Hulk via X
If approved, such ETFs would provide institutional investors with a regulated means to gain exposure to XRP without actually having to own the crypto asset. This would increase demand and, in turn, enhance liquidity. According to analysts at JPMorgan, the introduction of spot XRP ETFs may attract between US$4 billion and US$8 billion of net new assets in the first year, thereby driving the price of XRP toward the range of $5-$8.
Market expectations for regulatory changes under the new U.S. administration have further fueled hopes of ETF approvals. Analysts believe a pro-crypto stance from policymakers could accelerate institutional adoption and drive further investment into XRP.
Historical Patterns Suggest a Massive Price Surge
Technical analysis indicates that XRP may be on the verge of a major rally. Crypto analyst Egrag Crypto recently suggested that XRP’s price could experience a 1,500% surge, reaching approximately $27 within the next four weeks. He based this prediction on historical chart patterns, particularly the Bull Market Support Band (BMSB), a key moving average indicator.
Ripple’s XRP has touched the BMSB, mirroring 2017—potentially setting up a 1,500% surge within four weeks. Source: EGRAG CRYPTO via X
“In 2017, XRP touched the Purple Foundation level and nearly hit the BMSB before surging 1,500% within a month. We’re seeing a similar setup now,” Egrag Crypto noted.
The analyst pointed out that XRP recently dipped into the Purple Foundation of this cycle and made contact with the BMSB. If history repeats itself, the price could follow a similar trajectory, aligning with the 1.618 Fibonacci extension level, which places the target at $27.
Analysts predict XRP could surge 1,500% from $1.71 to $27 within four weeks if the 2017 pattern repeats. Source: EGRAG CRYPTO via X
Fellow analyst Javon Marks echoed this sentiment, highlighting similarities between XRP’s current price action and its 2017 breakout. He suggested that if the same pattern plays out, XRP could rally towards the $99 mark, representing a staggering 3,900% increase from current levels.
“XRP’s second target is at $99, more than 40 times its current price. Based on past performance, the next wave could be massive, potentially breaking above this level,” Marks explained.
Key Resistance Levels and Market Trends
Despite these ambitious targets, some analysts are taking a more cautious approach. According to technical analyst Dark Defender, XRP’s near-term resistance stands at $5.85, while the long-term target could be around $18.22 based on Elliott Wave Theory.
Technical analysis suggests Ripple’s XRP must exceed the $2.69 resistance to revive the bullish momentum. Source: FrankFx14 via X
Meanwhile, analyst Credibull Crypto warned of potential short-term declines, suggesting that XRP could drop another 30-45% to the $1.30-$1.60 range before rebounding. He emphasized that this correction could provide a strong demand zone, allowing buyers to accumulate before the next leg up.
Watch – XRP Price Prediction and Analysis Video
Potential Breakout Ahead?
XRP has also been trading within a descending wedge, which is usually a precursor to upside reversals. According to technical indicators, an upside break through the $2.40 resistance would confirm a new uptrend. If such a scenario is seen, the Fibonacci extensions mark key resistances at $2.69 and $3.07, possibly up to $3.86.
Ripple’s XRP was trading at around $2.39, up 1.69% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Additionally, the RSI of XRP is recovering from an oversold reading, which could indicate that buying momentum might be on the rise. If the trend continues this way, a break above resistance will give leeway to an upwards sustained rally.
Final Thoughts
XRP’s price action is at a critical juncture, with analysts divided between short-term corrections and a potential breakout. The approval of XRP ETFs could serve as a major catalyst, unlocking billions in institutional investment and driving prices higher. Meanwhile, historical chart patterns suggest a scenario where XRP could see an exponential surge, with some projections placing it as high as $99.
Ripple CEO Brad Garlinghouse is rumored to be a top contender for a spot on President Donald Trump’s newly formed crypto advisory council. Tasked with shaping the administration’s approach to blockchain and digital assets, the council signals a major shift from past regulatory stances. Garlinghouse’s recent meeting with Trump at Mar-a-Lago has further solidified his position as a leading candidate for the role.
Ripple CEO Brad Garlinghouse’s potential involvement in a White House crypto advisory council could be a game-changer for XRP, driving regulatory clarity, legitimacy, and adoption. Here’s why:
1. Greater Regulatory Certainty
If Garlinghouse secures a role on the advisory council, it could pave the way for pro-crypto policies, particularly benefiting XRP. The long-standing SEC vs. Ripple lawsuit has been a major obstacle, and having Garlinghouse in a policy-shaping position could lead to clearer, fairer regulations that favor XRP’s use in the financial system.
2. Boosting Ripple’s Credibility & Institutional Adoption
A direct connection to the White House would enhance Ripple’s legitimacy, positioning it as a serious player in the digital asset space. This could increase confidence among institutional investors and financial partners, making XRP a more attractive asset with reduced legal uncertainties.
3. Stronger Integration with the U.S. Financial System
Ripple’s On-Demand Liquidity (ODL) solution already powers cross-border payments for banks worldwide. If Ripple gains favor within the U.S. government, this could open doors for official integration into banking infrastructure, potentially positioning XRP as a core asset for remittances, international settlements, and even CBDC partnerships.
4. A Potential Price Surge for XRP
Regulatory clarity has been one of the biggest barriers to XRP’s price growth. If the White House signals a more crypto-friendly stance, institutional money could flow into XRP, driving demand and triggering a potential rally. This could come from XRP being included in a national crypto stockpile of American crypto assets.
5. Ripple’s Influence in Shaping Global Crypto Policy
Ripple has made significant progress worldwide, but U.S. regulations remain a critical piece of the puzzle. If Garlinghouse plays a key role in crafting crypto policies at the federal level, Ripple could gain a strategic advantage over other digital assets, ensuring its technology aligns with regulatory frameworks.
The Bottom Line
This development is a major win for XRP holders. It suggests growing government recognition of Ripple’s role in the financial system, which could lead to regulatory approval, mainstream adoption, and a stronger position in global markets. If Ripple gains official backing, XRP’s long-term prospects—and price—could see a significant boost
As market conditions evolve, traders and investors will closely watch key resistance levels and ETF-related developments to gauge the next major move for XRP.
Source: https://bravenewcoin.com/insights/market-analyst-predicts-1500-surge-for-xrp-amid-growing-etf-applications