🚀 XRP Price Prediction: Analyst Targets $38 Breakout After Explosive Rally

XRP bulls are back in the driver's seat as a prominent analyst calls for a moonshot to $38 following its latest surge. The sixth-largest cryptocurrency just flipped key resistance into support—now traders are watching for the next leg up.

The setup: A textbook breakout in the making

After months of sideways action, XRP's chart is printing the kind of volatility that gets momentum traders salivating. The $0.50 psychological barrier didn't just break—it shattered like a Wall Street intern's confidence during earnings season.

Why $38 isn't as crazy as it sounds

Fibonacci extensions from the 2017 and 2021 bull runs suggest this isn't just hopium. If history rhymes, we could see XRP retest its all-time high… then keep climbing. Of course, this assumes crypto markets keep behaving like a caffeinated kangaroo on a trampoline.

The closer we get to the $1 parity mark, the more institutional FOMO kicks in. Just don't tell the SEC we said that.

TLDR

• XRP price has surged to $2.98 after a 30% rally in the last seven days.
• XRP has overtaken Tether and now ranks third by market capitalization.
• A top analyst predicts XRP price could reach $38 based on a seven-year double-bottom pattern.
• The neckline resistance of the pattern was broken in late 2024 and has since acted as strong support.
• Whale investors have accumulated over 1.5 billion XRP in the past week, supporting bullish momentum.

XRP is trading at $2.98 following a sharp 30% rally this week, overtaking Tether to become the third-largest cryptocurrency. The strong upward move has triggered a wave of XRP price prediction updates, with some analysts projecting major long-term gains. Technical patterns and whale activity support the narrative of a bullish breakout for the asset.

Analyst Predicts $38 XRP Price Surge

A top market analyst has identified a double-bottom pattern forming on XRP’s two-week chart since 2017. According to the analyst, XRP broke above the neckline resistance in late 2024 and held it as support during the recent consolidation. This formation has historically signaled a long-term bullish trend for other major assets.

The analyst projects a long-term xrp price prediction of $38, based on the height between support and the neckline of the double bottom. He noted that XRP’s recent gains mark the beginning of this potential breakout after years of sideways movement. However, the path to $38 would likely take time as it implies a $2.2 trillion market cap.

XRP’s market cap has now surpassed Tether, reflecting the market’s renewed optimism. The bullish pattern signals a critical shift in momentum, especially with the recent breakout from consolidation. Sustained price growth WOULD require continuous accumulation and strong investor sentiment.

Whale Accumulation and Institutional Demand Fuel Momentum

Whales have aggressively accumulated XRP during the recent rally, further validating the strong XRP price prediction outlook. On-chain data confirms that holders with over one million tokens bought 100 million XRP in the past seven days. Larger whale wallets holding more than 100 million coins added 1.45 billion XRP during the same period.

This surge in whale activity comes amid rising institutional interest in XRP, driven by the Teucrium XXRP ETF. The fund has surpassed $248 million in net assets, indicating increasing market participation from large-scale investors. This growing institutional demand aligns with a broader market shift toward regulated crypto products.

Expectations for a spot XRP ETF approval continue rising as policymakers debate crypto-focused legislation in Washington. In prediction markets, 85% of traders bet that the ETF will gain approval before the end of the year. If realized, this would further strengthen the XRP price prediction outlook and attract additional capital.

RLUSD Growth Adds Fundamental Support

The XRP ecosystem has also seen growth through RLUSD, a stablecoin linked to Ripple’s payments infrastructure. CoinMarketCap data shows RLUSD has achieved a $517 million market cap, boosting XRP’s overall market potential. As RLUSD adoption grows, its usage could reinforce network activity and demand for XRP.

Ongoing congressional discussions over the GENIUS Act could provide regulatory clarity that benefits RLUSD and, by extension, XRP. With friendlier laws, RLUSD expansion may accelerate, supporting a stronger XRP price prediction.