XRP Price Prediction: Can It Break $3 Amid ETF Frenzy and Technical Resistance?
XRP Price Prediction
XRP Technical Analysis: Key Indicators and Price Outlook
According to BTCC financial analyst Olivia, XRP is currently trading at 2.1608 USDT, below its 20-day moving average of 2.3416, indicating potential short-term bearish pressure. The MACD (12,26,9) shows a positive histogram at 0.0669, suggesting some bullish momentum remains. Bollinger Bands indicate volatility with prices NEAR the lower band (2.1203), which could act as support. Olivia notes that a break above the middle band (2.3416) may signal a stronger bullish reversal.
XRP Market Sentiment: ETF Hopes and Resistance Challenges
BTCC financial analyst Olivia highlights that XRP’s recent 12% surge is fueled by Grayscale’s spot ETF application and growing institutional interest. News of Ripple targeting $3.40 and SEC acknowledging the ETF proposal has created bullish sentiment. However, Olivia cautions that low whale activity and key resistance levels near $2.7 could temper gains. The pro-crypto legal developments add regulatory Optimism to the mix.
Factors Influencing XRP’s Price
Grayscale Applies for XRP ETF, Sparking Market Rally
Grayscale Investments has applied for an XRP exchange-traded fund (ETF), a move that has been officially acknowledged by the SEC. This significant step forward indicates the serious consideration of XRP in institutional finance. An ETF would enable traditional investors to gain exposure to XRP without directly holding the token, potentially boosting liquidity and price stability. The news has already triggered a notable price rally, with XRP surging over 9% in a single day.
Ripple (XRP) Aims for $3.40: Can It Break Resistance?
Ripple (XRP) has experienced a significant price surge, currently trading near $2.73 after a 12.7% increase in the last 24 hours. Market analysts believe that if XRP can break through crucial resistance levels at $2.75 and $3.40, it could trigger a larger rally. However, crypto strategist Egrag Crypto cautions that technical patterns, such as the ’M’ pattern recently formed by XRP, may not fully account for external market forces. For XRP to maintain its bullish trajectory, it must hold above $2.75, and a successful breakout above $3.40 could attract more investors.
XRP Surges Over 12% as XRP Spot ETF Hopes Gain Momentum
The surge in XRP’s price comes after the U.S. Securities and Exchange Commission (SEC) officially acknowledged ETF filings from Grayscale and the NYSE, seeking to offer an XRP-based investment vehicle. While this does not guarantee approval, it signals an increasing likelihood that XRP ETFs could enter the market, sending bullish waves through the crypto space. The market sees this as good news, and the XRP price has surged 13% over the last 24 hours.
SEC Acknowledges Grayscale’s Proposal for Spot XRP ETF
The SEC has officially acknowledged Grayscale’s proposal for a Spot XRP ETF, calling on the public for feedback. The commission set a 21-day deadline for comments after the notice is published in the Federal Register. This is a crucial second step in launching a spot XRP ETF, indicating a potential thaw in the crypto regulatory landscape as the SEC appears to be easing its stance.
Ripple XRP Potential Surge with Bank Investments
If nine of the world’s largest banks invested just 0.5% of their assets into Ripple’s XRP, it could potentially pump in over $148 billion, driving a significant price surge. This scenario is based on a thought experiment by a market analyst, highlighting XRP’s potential as a bridge currency for streamlining international payments.
XRP Price Predictions: Potential Rallies Ahead
XRP, Ripple’s native cryptocurrency, has recently experienced price fluctuations, dipping over 4% and falling below the $2.7 support level. Despite this setback, investors remain optimistic, with one top market expert predicting potential price targets of $8, $13, and $27, along with possible timelines for achieving these milestones. Technical analysis suggests uncertainty in the short-term but hints at possible rallies in the future.
XRP Faces Significant Resistance Levels, Potential for Explosive Moves
XRP is currently facing its most significant resistance levels across various pairings, marking a critical phase in its market history. Despite recent rejections, analysts believe a decisive breakout could lead to explosive moves, potentially exceeding 100%. The cryptocurrency has been charting its most critical areas of resistance, with the $3.15–$3.50 range being identified as the strongest obstacle. Broader market conditions, such as Bitcoin’s performance and regulatory developments, remain key triggers for XRP’s next move.
Ripple (XRP) Regains Momentum, Rockets Past $2.7, Defying 100-Day SMA
Ripple (XRP) has regained momentum, surpassing $2.7 and defying its 100-day SMA in a bullish breakout. This renewed optimism in the market is fueled by traders and investors who see potential for further gains. Technical indicators confirm this shift in momentum, with rising buying pressure and bullish indicators pointing to possible higher levels if key resistance areas continue to be breached. The question remains whether XRP can sustain this rally.
XRP Faces Crucial Crossroads Amid Low Whale Activity: What’s Next for Ripple’s Token
XRP, backed by Ripple Labs, has gained momentum, soaring by 12% last week to trade around $2.68, surpassing Tether’s USDT in market valuation and securing its spot as the third most valuable cryptocurrency. However, it faces a critical point with concerns about whale activity and potentially bearish technical patterns. On-chain data suggests XRP whales have not been aggressive in their accumulation recently.
XRP trading booms on US exchanges as ETF speculation heats up
The demand for XRP has exceeded that of other cryptocurrencies on US-based exchanges, with trading volumes surging significantly since November. A recent Kaiko report highlighted XRP’s growth in trading activity, citing Coinbase’s latest earnings report. For the first time, XRP contributed more to the exchange’s trading-based revenue than Ethereum (ETH), accounting for 14% of Coinbase’s total trading revenue in the fourth quarter. The surge in XRP’s trading volume follows its re-listing on major US exchanges last year after Ripple Labs secured a partial court victory against the US Securities and Exchange Commission (SEC). The ruling clarified that XRP was not a security when sold on exchanges, paving the way for its return.
Pro-Crypto Lawyer John Deaton Challenges Jason Calacanis’ Claim That XRP Is A Security
The ongoing debate surrounding the security status of XRP has been reignited by comments made by tech investor Jason Calacanis, who argued that XRP is a centrally controlled security. This view has been challenged by pro-crypto lawyer John Deaton, who is known for his advocacy on behalf of XRP holders in the Ripple vs. SEC lawsuit. Deaton quickly responded to Calacanis’ comments, offering a counterpoint to the accusations and sharing his insights on the matter.
Will XRP Price Hit 3?
Olivia from BTCC suggests that while XRP shows bullish potential with ETF speculation and technical indicators like MACD positivity, reaching $3 requires overcoming strong resistance at $2.7 and sustained whale participation. Key factors include:
Factor | Impact |
---|---|
ETF Approval Progress | High (Potential 20-30% surge) |
Bollinger Band Breakout | Needs >2.56 upper band close |
Whale Activity | Currently low; critical for $3 |
Given current momentum, a $3 target in Q3 2025 is plausible but contingent on ETF developments and broader market conditions.