- XRP’s multi-year breakout targets a bullish run toward $12.60.
- Ledger growth and stablecoin expansion strengthen XRP’s price outlook significantly.
- Potential spot ETF approvals could trigger massive institutional demand influx.
XRP is flashing strong technical and on-chain signals that point to the possibility of a significant rally ahead. According to analysis, a multi-year triangle breakout in November 2024 set a bullish target of $12.60 for XRP. This long-term breakout aligns with several current factors supporting a price surge.
Technical Indicators Suggest Breakout Continuation
XRP has been forming a cup-and-handle pattern on the daily chart since January, with the upper boundary at $3.40 and the lower point at $1.6135. The handle stage currently has a reverse head-and-shoulders pattern, and the price is above the 50-day and 100-day EMAs. Traders are watching the $3.65 resistance closely, as a break above this level could pave the way toward the $5 mark and beyond.
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Source: Tradingview
XRP Ledger Expansion and Stablecoin Growth
The total value locked in the XRP Ledger has increased by 16 percent over the last month to $85 million. Stablecoin activity has also increased, with holdings surpassing $167 million. Ripple USD (RLUSD) leads in this segment, and by 2025, its supply is expected to reach $642 million.
Ripple is supposed to further this development by including the Hidden Road transactions in the ledger and utilizing its Rail acquisition to solidify the stablecoin strategy.
ETF Approvals Could Attract Institutional Inflows
Market participants are also anticipating the potential approval of multiple spot XRP exchange-traded funds by the Securities and Exchange Commission. Under pro-crypto chair Paul Atkins, the regulator is reviewing several applications.
Leveraged XRP ETFs already have millions of assets under management at ProShares and Teucrium, making it possible that spot ETFs will have even higher demand.
Recent Price Movement Shows Growing Momentum
According to CoinMarketCap data, XRP has gained 11.26% over the past week and is now trading at $3.28. This rally started on August 8, when the price jumped to over $3.20 after rising from $2.94.
Since then, XRP has been trading above the $3.10 level in spite of minor corrections. The trading volume has also increased by 10.15 percent to $9.16 billion, with a market capitalization that has increased by 4.55 percent to $194.64 billion, indicating a strong market interest.
A validated multi-year breakout target, technical structures, and growing network fundamentals are creating a strong argument to justify a higher XRP price. A decisive move above $3.65 would confirm the next upward phase.
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