XRP stands out with its persistent strength in the cryptocurrency market, maintaining steady upward momentum after surpassing the $2 mark.
Since breaking the resistance level of $1.90 and holding above $2 for several months, XRP has demonstrated a solid upward trend with the potential for a breakout according to Elliott Wave theory, predicting a price exceeding $30 in the near future.
MAIN CONTENT
XRP has maintained above $2 for over 8 months with a strong market structure.
Several factors driving growth include RippleNet, CBDC, and international cooperation.
The current accumulation trend signals a significant breakout potential in 2026.
How does XRP demonstrate market strength?
Recent analyses show that XRP has surpassed the $2 mark and has maintained this price steadily since the beginning of 2024, establishing a clear upward trend, ranking second after Bitcoin among major cryptocurrencies.
Analyst Credible Crypto emphasizes this is one of the cleanest and clearest price movements since the $0.50 level, with an accumulation process lasting over eight consecutive months above previous monthly highs.
XRP has shown a sustainable upward trend since breaking through the $2 mark, and despite market volatility, this structure remains much stronger than many other cryptocurrencies.
Credible Crypto, Cryptocurrency Analyst, 5/7/2025
What does Elliott Wave theory predict about XRP's future price?
According to Elliott Wave theory, XRP is entering a growth phase with five distinct upward waves, expected to reach a new price peak exceeding $30 by mid-2026.
Reports from analysts suggest that stability in the current price range is indicative of accumulation pressure, often signaling a significant breakout when the market recovers strongly.
What factors drive XRP's growth?
Analyst Vincent Code predicts XRP could reach $30–50, based on the outlook that RippleNet will capture 20–30% of the $1 trillion cross-border payment market and the potential for over 50 countries to adopt XRP in the CBDC bridge.
Ripple's agreement with the central bank of Saudi Arabia in 2024 will open avenues for using XRP in oil payments. Additionally, the XRP Spot ETF is expected to bring in $20–50 billion in institutional investment.
A strong growth in the cryptocurrency market in 2026–2027 will trigger a major wave of excitement for XRP, especially when strategic agreements and ETF proposals are approved.
Vincent Code, Analyst – 2025
What is the current situation of XRP in the price market?
Currently, XRP is trading around $2.23 in a narrow price range with converging moving averages, which is often a sign before a major volatility, possibly a breakout or a correction.
Positive interest from institutions, such as Ripple seeking banking licenses in the United States and discussions about ETFs, continues to strengthen long-term growth expectations for XRP.
Comparison table of key impacts on XRP price
Factors Impacting XRP Long-term RippleNet potential to capture 20–30% of the international payment market Increasing demand for XRP Token CBDC Bridge More than 50 countries implementing CBDC bridge with XRP Boosting liquidity and global adoption Agreement with Saudi Arabia XRP application in oil payments Significant impact on international transactions & XRP usage model Spot ETF Expected to attract $20–50 billion in institutional capital Triggering strong investor participation
Frequently Asked Questions
How long has XRP been above $2? XRP has maintained above $2 for over 8 months, demonstrating stability and a sustainable upward trend since the beginning of 2024. What does Elliott Wave theory predict for XRP's price? This theory predicts that XRP will experience 5 upward waves and could exceed $30 by mid-2026. What factors support XRP's price breakout? Expansion of RippleNet, CBDC bridges, international cooperation, and ETF expectations bringing in strong institutional capital. What risks might XRP face in the near future? Price volatility around the converging moving averages could lead to significant price spikes or drops, requiring investors to manage risks. What role does the XRP ETF play? The XRP Spot ETF is expected to increase liquidity and attract tens of billions of dollars in institutional investment, driving price growth.
Source: https://tintucbitcoin.com/xrp-on-dinh-chuyen-gia-du-bao-but-pha/
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