XRP Price Prediction: XRP Maintains Bullish Setup as Analysts Highlight $7–$8 Potential

XRP has captured market attention once again, with analysts forecasting that the cryptocurrency could more than double in value as bullish patterns signal a potential breakout.

After weeks of consolidation near the $3 mark, optimism is building around Ripple’s token. Legal clarity, ETF momentum, and strong on-chain activity are reinforcing the bullish case for XRP price growth.

XRP Price Today and Market Outlook

As of today, the price of XRP stands at $3.03, with a market capitalization of $179.2 billion and daily trading volume of $6.65 billion, according to CoinMarketCap. The token has been consolidating around this psychological level after a sharp rebound earlier in the year.

XRP is projected to climb toward the $7–$8 range in the short term. Source: CryptoBull via X

A closely followed analyst known as CryptoBull pointed out that XRP is forming a cup-and-handle pattern, a bullish formation often associated with explosive upward moves. “If XRP can push decisively beyond $3.66, the setup could accelerate gains toward the $7–$8 zone,” the analyst noted. That would represent a surge of over 120% from the current XRP price today.

Institutional Flows and On-Chain Strength

Supporting this outlook, XRP Ledger settlement activity has soared. In August, on-chain settlement volumes spiked by 500%, with over 844 million XRP processed in a single day. This surge in usage highlights that Ripple Labs continues to strengthen its position in the payments sector, even as short-term volatility persists.

XRP was trading at around $3.04, down 0.04% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Data also shows $76.8 million in net inflows to exchanges during recent swings, reflecting that many short-term traders are locking in profits. Yet futures open interest has remained resilient, suggesting that leveraged positions are not driving most of the selling pressure. With over 90% of XRP’s circulating supply still in profit, analysts caution that whale selling could resurface, though institutional demand may counterbalance that trend.

Ripple XRP ETF Momentum and Legal Clarity

One of the biggest catalysts for XRP news today has been the conclusion of the long-running XRP lawsuit with the U.S. Securities and Exchange Commission. The ruling removed a key regulatory overhang, allowing asset managers to move quickly with filings for spot XRP exchange-traded funds (ETFs).

The odds of XRP ETF approval have surged to 98%, marking a potentially historic milestone for the cryptocurrency. Source: Xaif Crypto via X

Within days of the decision, firms including Franklin Templeton, WisdomTree, 21Shares, and Grayscale submitted updated applications. Bloomberg analysts now assign a 95% probability of approval, with decisions expected by late October. JPMorgan estimates inflows of up to $8 billion in the first year if approval is granted, potentially placing XRP among the most significant crypto ETFs in the market.

This optimism has already been reflected in XRP prices, with the token jumping over 8% in a single session following the amended ETF filings. If approved, analysts believe XRP could establish $3.65 as a launchpad for a longer-term rally, with XRP price predictions ranging from $6 to as high as $10 by 2026.

Technical Levels to Watch

From a technical standpoint, XRP is showing resilience. Support has been repeatedly defended at $2.96, a level where large institutional buyers stepped in during a recent $105 million liquidation event. Immediate resistance sits at $3.10, with further upside potential toward $3.25 and July’s high of $3.66.

XRP/USDT is showing a bullish reversal on the 1H chart after confirming support near $2.94, with upside targets at $3.38 and $3.66. Source: Pipshunter27 on TradingView

Indicators also lean bullish. Relative Strength Index (RSI) readings hover near 67, signaling strong demand without entering overbought conditions, while MACD patterns continue to support upward momentum. If XRP can hold above $3.10, traders anticipate a stronger push toward the mid-$3 range, which could unlock the next phase of gains.

Will XRP Go Up?

At its current level, XRP coin price sits at a critical juncture. A break above $3.10 would confirm bullish momentum, with the $3.25–$3.66 range acting as the next resistance zone. Should ETF approval arrive as widely expected, analysts see the XRP crypto price prediction stretching toward $7–$8 in the medium term, with XRP price prediction 2025 and beyond pointing even higher.

The weekly Volume Area High, aligned with the imbalance from Powell’s speech, is being retested, with an increasing probability of a $3.10 breakout. Source: ImMrToreda on TradingView

For investors, XRP remains an attractive yet volatile bet. The combination of legal clarity, ETF momentum, and strong technical indicators positions the token for potential outperformance, though sharp pullbacks are still likely along the way.