XRP strengthens: a bull flag paves the way towards $1,452.81 as a breakout looms.
XRP is back in the spotlight, driven by strong technical signals and major regulatory advancements. As the market closely watches price developments, many analysts are now setting ambitious targets for 2025.
A bull flag in formation: heading towards $1,452.81? According to World of Charts analysis, XRP is currently consolidating in a narrow range after a strong bullish impulse. This configuration, known as a bull flag, often heralds a new surge. If the pattern confirms, the price could aim for an impressive target of $1,452.81.
Currently, XRP is comfortably trading above the $2.00 threshold, having bounced off recent lows around $1.80. Over the past week, the asset has shown a 7% increase and has formed a bullish descending wedge, another positive indicator signaling a potential recovery.
Analysts identify the range of $2.00 to $2.10 as a strategic point for new positions. Additionally, the RSI indicator remains at moderate levels, suggesting significant upside potential.
Approval of ETFs on XRP boosts investor confidence.
On the regulatory front, XRP has received significant support: the SEC has approved the futures ETFs on XRP proposed by ProShares, with launch scheduled for April 30, 2025.
According to analyst Crypto Rover, this approval could significantly boost institutional interest in XRP, thereby strengthening its adoption among American investors. This context is even more favorable as XRP wallet activations have surged by 25%, evidence of growing demand from the public ahead of the ETF launch.
In summary: between strong technical signals and burgeoning institutional adoption, XRP seems poised to write a major new chapter in its history.