XRP Primed for 2025 Surge as Bullish Pennant Meets Elliott Wave—Banks Still Won’t Like It

XRP’s price chart is flashing a textbook bullish pennant—just as Elliott Wave theorists predicted. The setup suggests a potential breakout by mid-2025, with targets that could make the SEC’s legal crusade look even pettier.

Technical indicators align: compressed volatility, ascending support, and that classic Wave 3 momentum brewing. Meanwhile, TradFi analysts will still be arguing about ’real utility’ while retail piles in.

One catch? Ripple’s ODL corridors need to scale faster than Wall Street’s resentment. Tick-tock.

XRP price prediction

The weekly chart shows that XRP has formed several highly bullish technical patterns. One key structure is the bullish pennant, a continuation pattern made up of a vertical rally followed by a symmetrical triangle consolidation. XRP has already broken out above the triangle, signaling the start of a long-term rally.

It has also completed the four phases of the Elliott Wave cycle and has now entered the fifth wave. This final wave is typically bullish and could propel the token to the key psychological resistance level at $5, approximately 100% above the current price. 

XRP has also remained above the 50-week Exponential Moving Average, a sign that bulls have remained in control since October last year. The bullish forecast will become invalid when it drops below the 50 EMA.