XRP Primed for $32 Breakout After 8-Month Support Defense—Bulls in Control
XRP isn’t just holding—it’s coiled.
After weathering eight months of volatility, the token’s stubborn grip on a critical support level has traders whispering about a potential 10x surge. The $32 target isn’t just hopium; it’s a technical inevitability if bulls keep this foothold.
The Setup: Patience Pays Off
Most altcoins would’ve folded under this pressure. Not XRP. While other projects drowned in their own vaporware, Ripple’s workhorse kept its head above water—no corporate bailout required.
The Trigger: Liquidity Awaits
Break past the current resistance, and suddenly $32 becomes a magnet. Market makers love these clean charts almost as much as they love exploiting retail FOMO.
The Wildcard: Regulators Circle
Never count out the SEC to crash a crypto party. But for now? The charts—and the stubborn holders—call the shots.
XRP’s not just surviving. It’s priming for a revenge rally that’ll leave the ‘stablecoin maximalists’ scrambling for explanations.
TLDR
- XRP price has remained above its previous all-time high of $1.90 for over eight months.
- Analysts believe XRP is in a bullish consolidation phase that could trigger a breakout toward $32.
- CrediBULL Crypto identifies the current sideways trend as part of a larger Elliott Wave cycle.
- Wave (iii) of the cycle is expected to push XRP price to a range of $8 to $12.
- Ripple is moving to finalize its legal battle with the SEC, which boosts market confidence.
The xrp price may be preparing for a breakout after staying above its previous monthly all-time high for eight months. Technical analysis, increasing network activity, and institutional moves all indicate the potential for a sharp upward move. Analysts believe this consolidation could end with a powerful rally that sends the XRP price significantly higher.
XRP Price Forms Strong Base Above Key Support
Since surging from $0.50 to a high of $3.60, the XRP price has remained above the $1.90 level. This range has developed into a tight structure, with each monthly candle closing above prior resistance. Market observers see this as a strong support zone that has held for several months.
Aside from being one of the only coins in this entire market with the clearest/cleanest impulsive PA (aside from $BTC) starting at it's launch off of .50, $XRP is currently going on it's EIGHTH month of consolidation above the prior ATH monthly close.
You 👏 Are 👏 Not 👏… https://t.co/sM4zJgK378 pic.twitter.com/EucpQZVaLF
— CrediBULL crypto (@CredibleCrypto) July 5, 2025
On the monthly chart, XRP shows a clear bullish consolidation just under the $3.60 resistance level. Technical patterns indicate that buyers are consistently and strongly defending the $1.90 floor. This price behavior is attracting attention from analysts who expect a breakout.
According to CrediBULL Crypto, the XRP price movement from $0.50 to $3.60 represents Wave (i) in the Elliott Wave structure. The recent sideways action is seen as Wave (ii), which may soon give way to Wave (iii). Historically, Wave (iii) tends to be the most aggressive leg of the cycle.
Institutional Moves and Legal Progress Increase Optimism
Ripple’s decision to drop its cross-appeal signals efforts to finalize its long-running legal dispute with the SEC. This development has reduced uncertainty and strengthened the XRP price outlook in the current market cycle. Institutional investors are watching these updates closely as confidence builds around the asset.
On July 2, Ripple also applied for a national banking charter and a Federal Reserve master account. If approved, Ripple would gain access to FedNow and offer regulated financial services. These moves may push the XRP price upward as integration with traditional finance expands.
The company plans to launch RLUSD, a stablecoin, and grow RippleNet, which also supports long-term growth. Increased utility in payments and cross-border transfers adds further value to the XRP ecosystem. Analysts expect this will help increase XRP prices in the next market expansion.
Ripple has also signed partnerships with over 50 nations to provide CBDC support services. These agreements could position XRP as a key asset for global currency exchanges. This use case strengthens predictions of a sustained XRP price increase.
Analysts Set XRP Price Targets Up To $50
Vincent Van Code forecasts the XRP price could hit $30 to $50 during the next major crypto cycle. He cites rising institutional interest, real-world usage, and improving regulation as key drivers. An XRP spot ETF could inject $20–50 billion into the market.
By popular demand, I thought I WOULD add to this post by explaining why I think and XRP price of $30-$50 is possible (timing unknown), here's what I am now following (list gets bigger every month):
Master account approval and RippleNet capturing 20-30% of the $1 trillion… https://t.co/mPatgeAnkj
— Vincent Van Code (@vincent_vancode) July 2, 2025
The XRP price may also benefit from Ripple’s collaboration with the Saudi Central Bank in 2024. Some experts speculate XRP could be used in future oil trade settlements. These potential milestones are influencing bullish XRP price projections.
Increased network activity has accompanied these developments, with 1.6 million transactions recorded in a single day. Over $500 million moved across wallets, signaling growing interest. Analysts connect this spike to rising XRP price momentum.
CrediBULL Crypto estimates XRP price could climb to $12 during Wave (iii), and later reach $32 by 2026. This forecast aligns with broader crypto trends and XRP’s long-term chart structure. Current data supports the view that the XRP price may soon enter an intense rally phase.
