XRP Technical Analysis: Double-Bottom Pattern Signals Potential $5 Rally as ETF Speculation Grows
XRP is currently demonstrating compelling technical signals that have captured the attention of cryptocurrency analysts worldwide. The digital asset is maintaining crucial support at the $1.90 level while forming what appears to be a double-bottom breakout pattern on monthly charts - a classic technical formation often preceding significant upward movements. This pattern gains additional credibility as XRP retests its 20-month Exponential Moving Average, mirroring historical setups that previously catalyzed substantial rallies. Market technicians are particularly excited about the parallels to the 2017 price action that ultimately propelled XRP toward its all-time high near $3.40. The current technical structure suggests that if the double-bottom pattern confirms with a decisive breakout, XRP could potentially target a rally toward the $5.00 level. This optimistic projection is further supported by growing speculation around the potential approval of an XRP-focused Exchange Traded Fund (ETF), which would provide institutional investors with regulated exposure to the cryptocurrency. The combination of strong technical foundations and fundamental catalysts creates a compelling case for XRP's medium-term prospects. Analysts emphasize that sustained momentum above key resistance levels, coupled with increasing trading volume, would validate the bullish outlook. However, they also caution that cryptocurrency markets remain volatile, and investors should monitor broader market conditions and regulatory developments that could impact price trajectories. The current market structure presents what many technical analysts describe as a high-probability setup for significant upward movement, making XRP one of the most closely watched digital assets in the cryptocurrency space as we approach the end of 2025.
XRP Price Prediction: Double-Bottom Breakout Targets $5 Rally Amid ETF Speculation
XRP's price action is drawing attention as it holds critical support at $1.90, with technical analysts pointing to a potential double-bottom breakout pattern on monthly charts. The cryptocurrency's current retest of its 20-month Exponential Moving Average mirrors historical setups that preceded major rallies, including the 2017 surge toward its all-time high NEAR $3.40.
Market observers note that sustained volume growth and anticipated ETF inflows could propel XRP toward $5 in the coming months. ChartNerd, a prominent technical analyst, emphasizes the significance of the 20-month EMA as a directional indicator: "Holding or losing this moving average has generally signaled the next major price direction." Historical data shows breaks below this level in 2018 and 2020 coincided with extended bearish phases.
As of November 22, XRP trades near $1.95, maintaining its position above the crucial EMA support. The cryptocurrency's ability to hold this level may determine whether it can capitalize on the emerging bullish technical formation and anticipated ETF tailwinds.
BlackRock's XRP Speculation Fuels Institutional Interest in Tundra Staking
Market speculation intensifies as identical non-denials from Ripple CEO Brad Garlinghouse and BlackRock CEO Larry Fink about a potential XRP ETF suggest behind-the-scenes negotiations. The world’s largest asset manager entering the XRP space would mirror its transformative impact on Bitcoin ETFs—legitimizing the asset class for institutional capital.
Tundra’s accelerated December 15 launch coincides with this pivotal moment. The project confirms undisclosed institutional accumulation, creating a final retail entry window at $0.01 before tiered pricing takes effect. Revenue-backed vault mechanics could amplify staking yields if BlackRock’s involvement materializes.
Liquidity patterns historically shift when BlackRock engages an asset class. The firm’s bitcoin ETF precedent demonstrates how institutional participation reduces volatility while increasing structural demand—a dynamic that would benefit XRP’s ecosystem partners like Tundra.
XRP ETFs Fail to Rally Market as Token Slides 35%
The launch of two XRP-backed ETFs by Grayscale and Franklin Templeton on the NYSE—a milestone for Ripple's institutional adoption—has failed to ignite bullish momentum. Instead, XRP's price tumbled below $2, marking a 35% quarterly decline. The muted market reaction contrasts sharply with the typical 'ETF effect' seen in assets like Ethereum, underscoring waning investor confidence.
On-chain metrics reveal deepening bearish sentiment: only 57% of XRP holdings remain profitable, while realized losses surge. The disconnect between institutional progress and market performance highlights persistent skepticism toward the token, despite its regulatory advances.
XRP Holds Steady Near $2.05 as Technical Breakout Fuels Bullish Sentiment
XRP has stabilized around $2.05, marking a 6% rebound from yesterday's dip near $1.81. The recovery aligns with a multi-year ascending triangle breakout, a pattern that often precedes extended rallies in both crypto and traditional markets.
Grayscale's planned spot XRP ETF launch appears to be amplifying institutional interest. Trading volume hit $3.64 billion in the past 24 hours, while year-to-date gains now stand at 150%—a surge partially attributed to favorable SEC case developments and broader ecosystem adoption.
"The $0.70 resistance break could propel XRP toward $3+", notes ChartNerd, a technical analyst tracking the asset's long-term trajectory. Historical data from Bulkowski's chart pattern studies supports the bullish case, though traders remain watchful for confirmation of sustained momentum.
