$XRP is quietly gearing up for what could be its biggest rally yet.
The popular altcoin has held above its previous all-time high close of $1.90 for over eight months, signaling strong bullish consolidation. Market analysts now believe this prolonged sideways movement could soon give way to an explosive breakout with some projecting targets as high as $32 to $50.
🔍 XRP Consolidation Signals Strength
According to crypto analyst CrediBULL Crypto, XRP has been trading above a critical resistance level ($1.90) since breaking out from $0.50 to $3.60. Every monthly candle since has closed above this former resistance, now turned support, forming a textbook bullish consolidation pattern.
“This is classic pre-breakout structure,” notes CrediBULL. “It’s coiling up energy for the next big move.”
Elliott Wave Model Points to Multi-Leg Rally
CrediBULL's Elliott Wave analysis identifies the initial run to $3.60 as Wave (i) and the current sideways phase as Wave (ii). If the model holds, Wave (iii) could push XRP to $8–$12, followed by Wave (v) reaching as high as $32 by 2026.
And it’s not just XRP. CrediBULL also projects Bitcoin reaching $200K during its own Wave (v) phase a move that could pull altcoins like XRP higher with it.
⚖️ Legal Clarity & Banking Ambitions
With the SEC lawsuit nearing its end, Ripple has shifted its focus toward building institutional-grade infrastructure. The firm recently applied for a national banking charter and Federal Reserve master account, aiming to offer services like FedNow access and FDIC-insured accounts.
This regulatory progress removes a major cloud from XRP’s outlook, improving investor confidence.
💸 Real-World Utility: Stablecoins, CBDCs & RippleNet
Ripple is also preparing to launch RLUSD, its own USD-backed stablecoin, and expand RippleNet, a global payment platform. The firm has already partnered with 50+ countries on central bank digital currency (CBDC) projects, further increasing the utility of XRP as a bridge currency.
Analyst Targets: $30 to $50?
Prominent crypto analyst Vincent Van Code predicts that XRP could hit $30 to $50 during the next major crypto cycle. He cites institutional adoption, ETF speculation, and Ripple’s growing utility as catalysts.
“This isn’t hype,” he said on X. “We’re on the edge of something huge. A spot XRP ETF alone could attract $20–50B in capital.”
📊 Activity Surge: $500M Moved in 24H
Recent data shows XRP processed 1.6 million+ transactions in the past 24 hours, with over $500 million in value moved a spike often seen before major rallies.