XRP is currently exhibiting a tight price movement, hovering near critical support levels, which has caught the attention of analysts who suggest that a significant breakout could be on the horizon for 2025. A classic technical pattern known as a “cup-and-handle” has formed on the daily chart, a formation historically linked to strong bullish movements. If this pattern is validated, experts anticipate that XRP could surge toward the $8–$9 range in the upcoming months, fundamentally altering the ongoing market dynamics.
At present, XRP trades around $2.97, just under the important breakout zone of $3.08–$3.20, amidst a struggle between bullish and bearish forces. Market analysts indicate that a sustained close above $3.20 would affirm the cup-and-handle pattern, potentially paving the way for a substantial move closer to the projected price target. Historical precedents in both the stock and cryptocurrency markets have shown that such setups often lead to notable rallies.
On the daily chart, XRP is fluctuating between the 0.382 Fibonacci retracement level at $2.97 and the 0.5 retracement point at $3.19, while the 20-day Exponential Moving Average (EMA) provides immediate support at $2.99. The 50-day EMA reinforces this support at $2.95. Meanwhile, narrowing Bollinger Bands on the 4-hour timeframe suggest an impending breakout, with movement above $3.05 likely to redirect focus to the $3.12–$3.20 range. Conversely, if XRP falls below $2.95, it may retrace to $2.83, where the 100-day EMA lies.
On the fundamental side, recent developments point to strengthening institutional interest, which could further bolster XRP’s price. Ripple’s integration of Ripple Custody by BDACS Korea, a licensed crypto custodian, marks an important step in establishing secure access to XRP and tokenized assets in Asia—a rapidly evolving market for blockchain settlements. Additionally, the launch of new XRP ETFs has generated notable interest, with $54.7 million traded on their first day. Accumulation by large holders, or “whales,” in the range of $2.70–$2.84 also indicates strategic positioning ahead of a potential price increase.
Regulatory clarity remains a prominent theme influencing XRP’s price forecast. Following Ripple’s partial victory against the SEC in 2023, which clarified that XRP does not qualify as a security for retail transactions, market sentiment celebrated the removal of this significant cloud. However, lingering uncertainties regarding institutional sales and possible appeals present ongoing challenges.
Some analysts have even suggested that XRP’s price may be artificially constrained, with speculation that banks are intentionally suppressing its value to accumulate assets at lower prices in anticipation of XRP becoming a pivotal settlement tool in the global financial landscape.
As for short-term projections, the potential for XRP relies heavily on whether it can reclaim the $3.08–$3.20 range. Success in this area could potentially lead to price objectives of $3.30–$3.46, coinciding with the maturation of the cup-and-handle formation. If momentum wanes, a downward test of $2.83 is plausible, with deeper support near $2.73 and $2.58 acting as critical levels if the declines persist.
Overall, as long as XRP maintains trading above $2.95, the technical landscape appears favorable for bullish prospects. An uptick in institutional demand, along with positive ETF inflows and expanding use cases for the XRP Ledger, paints a supportive environment for possible price escalation. While volatility remains an inherent risk in the near term, many traders view the current climate as an accumulation phase ahead of a more significant upward movement. Should XRP successfully break above the $3.20 threshold, it may finally escape its prolonged range and aim for the elusive $8–$9 price zone, marking one of the most significant rallies seen since reaching its peak value in previous years.
