Analysts highlight a "massive breakout" that could push #XRP towards $5 by the end of 2025. This signal comes from the "cup and handle" pattern forming on the long-term price chart #Ripple - a classic bullish structure that appears after a long accumulation. Once the price surpasses the handle resistance level, the pattern indicates a strong upward trend, with an expectation of reaching the target of around $5, or more than 100% above current levels.
The growing optimism regarding XRP exchange-traded funds bolsters these forecasts. Following progress towards a resolution of the U.S. government shutdown, confidence in financial markets has improved. The DTCC website now lists 11 products of XRP exchange-traded funds in active or pre-launch stages from issuers like 21Shares, ProShares, Bitwise, CoinShares, and Franklin Templeton. Analysts suggest that regulatory stability could pave the way for the first instant XRP exchange-traded funds listed in the United States.
On-chain data supports bullish forecasts. The CVD metric for Spot Taker over the last 90 days has dominated buyers for the first time since June, indicating stronger demand in the market and an increase in the number of traders buying at market price. The last time this signal appeared, the price of XRP rose by nearly 75% shortly thereafter.
Both the technical situation, the potential momentum of exchange-traded funds, and increasing demand suggest that XRP may be preparing for a significant breakout towards the $5 level.
