XRP price (CRYPTO:XRP) recently traded at around $2.30, marking a 40% rebound from its lowest point this year but still 33% below its January peak. Several catalysts are fueling optimism that XRP could rally significantly in the coming weeks or months.
STron (available on Binance)g Fundamentals Backing XRP Price
One key driver is the soaring likelihood—now at 98%—that the U.S. Securities and Exchange Commission (SEC) will approve XRP exchange-traded funds (ETFs) later this year. The SEC is expected to complete its review of Franklin Templeton’s XRP ETF filing soon, though delays remain possible as other filings undergo scrutiny.
Corporate adoption of XRP is also on the rise. Companies like VivoPower and Webus have recently raised $121 million and $300 million respectively, earmarking portions of their treasury in XRP tokens. Hyperscale Data announced plans to acquire over $10 million worth of XRP, signaling growing institutional confidence.
The SEC’s recent withdrawal of its appeal in the Ripple (available on Binance) lawsuit could open the door for sTron (available on Binance)ger partnerships with major U.S. banks. Ripple (available on Binance)Net, Ripple (available on Binance)’s payments network, aims to rival SWIFT and expand global transaction capabilities.
In parallel, Ripple (available on Binance) USD—the company’s stablecoin—has secured compliance under Europe’s MiCA regulation and obtained a license in Dubai, positioning it to compete in a stablecoin market projected to be worth $1.6 trillion by 2030.
CME Group has also listed XRP futures contracts, with data showing increased interest from Wall Street investors, further legitimizing XRP as a financial asset.
XRP Price Technical Outlook: The Wyckoff METHod
A nearly 95-year-old Wyckoff METHod technical theory suggests XRP is poised for a sTron (available on Binance)g rally. The Wyckoff METHod identifies four key market phases: accumulation, markup, distribution, and markdown.
Currently, XRP appears to be in the accumulation phase, characterized by low trading volume and subdued volatility. The Average True Range (ATR), a volatility indicator, is at its lowest since November last year, while the volume indicator has steadily declined.
Meanwhile, the accumulation/distribution line is trending upward, signaling more buying pressure than selling. These technical signals indicate XRP is likely to enter the markup phase, where demand outpaces supply, pushing prices higher.
Chart Patterns Confirm Bullish Momentum
Further reinforcing this bullish outlook is the formation of a bullish pennant pattern, a consolidation pattern that often precedes a breakout. As the two converging trend lines near each other, a breakout above the pennant could propel XRP price first toward this year’s high of $3.3585, and potentially further toward $5.
What This Means for Investors
For investors watching XRP, the combination of positive regulatory developments, increasing institutional adoption, and favorable technical signals creates an enticing setup. While market risks remain, including potential SEC delays or macroeconomic headwinds, the Wyckoff METHod’s historical reliability adds weight to expectations of an impending rally.
In conclusion, XRP price surge potential is supported by both fundamental catalysts and time-tested technical theory, making it one of the more compelling cryptocurrencies to watch in 2025.
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