XRP could be on the verge of a major breakout, as bullish technical patterns and real-world developments converge to set the stage for a potential multi-year rally.
Analysts point to XRP’s tight price structure and growing institutional narrative as signs that a surge beyond $30 may be on the horizon.
For over eight months, XRP has held above $1.90, a former resistance that has now become a key support. The token’s resilience has drawn attention from traders who see its long consolidation as a prelude to a new leg higher.
According to analyst CrediBULL Crypto, XRP’s price movement fits the Elliott Wave model, with the next leg — potentially reaching $12 short-term and $32 by 2026 — expected to be the strongest. The current pause is viewed as a necessary reset before momentum resumes.
At the same time, Ripple is nearing the end of its prolonged battle with the SEC. The company has dropped its cross-appeal, signaling a desire to finalize the case. Ripple also applied for a national bank charter and access to the Fed’s payment rails, which, if granted, would position it as the first fully regulated crypto-native bank in the U.S.
Network usage is accelerating too, with XRP Ledger handling over 1.6 million transactions and $500 million in daily volume. Ripple’s plans to launch a stablecoin and expand its CBDC infrastructure — now spanning over 50 countries — reinforce expectations of increased token utility.
Investor Vincent Van Code believes XRP could rise to $50 in the next cycle, fueled by ETF speculation and surging institutional interest. A spot XRP ETF, he says, could bring tens of billions into the market. Meanwhile, Ripple’s partnerships — including with the Saudi central bank — hint at future use cases in areas like oil settlement.
As macro and sector momentum align, XRP’s slow build-up may soon give way to explosive upside.
Source: https://coindoo.com/market/is-xrp-the-next-big-bet-analysts-see-major-upside/