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.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/is-xrp-the-next-big-bet-analysts-see-major-upside/