Analyst Eyes 200% Rally as Canary ETF Fuel Optimism

At the time of writing, XRP price traded at $2.96, slipping 1.64% over the last day. Despite the short-term corrections, XRP continues to sit at the heart of bullish conversations. The token has carved out technical structures on the chart that suggest something bigger may be brewing. One analyst believes a rally of more than 200% could be on the horizon, pointing to echoes of XRP’s past explosive runs. At the same time, the U.S. market is buzzing with fresh ETF filings, including one with a distinctly American theme.

XRP Price Action: Is a $9.63 Breakout on the Horizon?

XRP price, according to analyst Javon Marks, is displaying a familiar pattern that could unlock massive upside. The analyst eyes a climb above $9.63, which would mean a 200% uptrend from levels. The token has already broken out of a long wedge formation, holding steady where sellers once had the upper hand. Buyers have consistently defended the $2.80 region, creating a strong support zone. A key resistance now appears near $4.50, with the next one at $6.30 level. Clearing both barriers would open the door to the analyst’s $9.63 target.

History whispers the same possibility. XRP once rocketed from $0.03 to over $3.00, a run that reshaped how investors viewed the token. With the XRP current price holding close to $2.96, , the charts carry hints of that same rhythm, where consolidation gives way to explosive acceleration once resistance is cleared. Support continues to cluster near $2.80, keeping the bullish picture intact. This blend of history and present structure reinforces the projection, positioning XRP as one of the most compelling breakout narratives on the market.

XRP/USD 2-Week Chart (Source: X/Javon Marks)

Canary American-Made ETF Sparks U.S. Market Excitement

XRP price has also felt the ripple effect of the Canary American-Made Crypto ETF filing, now awaiting review in the U.S. This proposal stands out—it limits its scope to coins conceived, mined, or largely operated within American borders. The pitch is clever, appealing to patriotic investors at a time when regulation still clouds the industry. Institutions are watching closely, as ETFs remain the clearest doorways into digital assets. If approved, such a fund could unlock new flows of capital into the market, pushing liquidity deeper. Retail investors, too, are drawn to the American-made framing, which resonates strongly in the current climate. The filing signals that issuers are willing to innovate every angle to win approval. With the Ripple-SEC case now settled, that added clarity gives XRP an even stronger base to benefit from the credibility and exposure an ETF like this would bring.

To conclude, XRP price is primed for a decisive breakout, supported by both technical and regulatory policies. The wedge structure, defended support, and rising targets all converge on a path toward $9.63. Confidence has grown further with the Canary ETF filing, which brings fresh legitimacy and fresh capital into the picture.

Frequently Asked Questions (FAQs)

Support remains at $2.80, with resistance near $4.50 and $6.30. A break above $6.30 could accelerate gains.

Yes, analysts argue the breakout structure supports this target, with key resistance levels aligning with the projection.

The ETF filing adds credibility and potential institutional inflows, which could boost XRP’s breakout momentum