XRP Enters New Market Cycle Phase, Analysts Eye Breakout

• XRP has flipped multiple resistance zones into support, with $3 now acting as the key battleground.
• Market analyst Matt Hughes says breaking above $3 could trigger a parabolic move.
• Standard Chartered predicts XRP could rise over 300% to $12.50.

Even as broader crypto sentiment has softened, some market watchers remain convinced that XRP is on the verge of its long-awaited surge. Technical analysts point to a maturing chart structure that suggests the asset’s next breakout phase is closer than many expect.

XRP Flips Old Cycle Tops Into New Support, Building a Strong Foundation

For instance, analyst Matt Hughes has outlined how XRP’s price action continues to flip former resistance zones into solid support levels. Using a Gann Fan on the weekly chart, Hughes showed that major resistance points from 2018 and 2021 have already been broken and turned into new foundations for growth.

XRP has now traded above its 2021 peak of $1.96 for weeks without slipping below. The range that once capped its movements between $0.50 and $1 has long been left behind. More recently, the $3 psychological barrier has become the battleground, often reclaimed quickly after short-lived dips beneath it.

Related: XRP Tops Crypto Market Ahead of October SEC ETF Decisions

To Hughes, this behavior shows resilience in XRP’s structure, creating what he calls the strongest foundation yet for the next upward leg.

XRP’s Breakout Trigger: Analysts Say Flipping $3 Is the ‘Final Boss’

Currently priced around $2.80, Hughes identifies the $3 zone as the “final boss” within the Gann Fan model. If XRP can convert this region into lasting support, he argues it would trigger a parabolic move similar to past bull runs.

For Hughes, the discussion is no longer about whether XRP can rally but when it will happen. This perspective echoes long-standing optimism within the XRP community, with many expecting a breakout run toward new highs.

Raoul Pal: XRP Entering a New Growth Phase

Adding to this outlook, Raoul Pal, CEO of Real Vision, also sees XRP aligning for a significant move. Pal suggests that capital is beginning to rotate from Bitcoin into other assets, with Ethereum and Solana already showing strength. In his view, XRP is now “full porting” into the next growth stage.

Related: Raoul Pal’s “Full Porting” Call on XRP Met With Stark Expert Warning

He points to recurring patterns in XRP’s history: extended periods of consolidation followed by explosive rallies. Pal highlights a series of triangle formations on the weekly chart dating back to 2014, each of which has preceded a major surge.

How High Can XRP Go?

At present, XRP is forming another bullish pennant just under the $3 mark. A breakout above this pattern could unlock a rally toward all-time highs, with some projections aiming at the $10 region. 

However, if support falters, XRP could revisit the $1.70 to $2 zone before attempting another push.

Standard Chartered Sees 300% Upside to $12.50 as ETF Catalyst Nears October Deadline

Standard Chartered predicts XRP could rise over 300% to $12.50 by 2028. The bank’s roadmap sets price targets of $5.50 (2025), $8 (2026), and $10.40 (2027), with potential to challenge Ethereum’s market position.

Key growth drivers include a U.S. spot XRP ETF by October. Many have projected that the product will attract $4 billion to $8 billion in inflows. Alongside XRP’s core utility in cross-border payments are supporting factors. Ripple’s moves into stablecoins and tokenization could further boost adoption.

Kendrick also sees Bitcoin hitting $500K by 2029, potentially lifting altcoins like XRP along the way.