Why could this cryptocurrency rise 75% to reach $5.2 in the upcoming period?
The price of XRP (Ripple) is trading at $3, while the main driving factors are trending towards a potential increase of 75% to reach $5.2.
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While ETH and BNB reach their all-time highs, the price of XRP is experiencing a calm stability around $3. But don't let this sideways movement fool you - three main driving factors are coming together to push the price of XRP up by 75% in the coming weeks.
✨The technical setup for XRP is stunning
The price of XRP is currently stable at $3, already up 90% from its annual lows. But here lies the significance - the charts indicate a picture that excites traders.
First, a classic bullish flag pattern is forming on the daily chart. Imagine it as a brief pause before the next rise. The measurements of the flag indicate a price target of $4.6 as soon as XRP breaks out of this consolidation.
But this is just the beginning. The main course is the massive "cup and handle" pattern that has begun to form since January. This beast has a depth of 53%, and when calculations are made, it indicates an astonishing price target of $5.2. This represents an increase of almost 75% from our current level.
Stacked bullish patterns? This is the kind of setup that excites cryptocurrency traders.
✨Buzz around XRP exchange-traded funds peaks
Here is where things start to heat up. Ten major players - including Invesco, Franklin Templeton, and Bitwise - have announced their desire to invest in spot XRP exchange-traded funds. Betting markets on Polymarket and Kalshi now place the probability of approval at 85%.
Why should you care? Well, look at what happened with Ethereum exchange-traded funds. They attracted huge net inflows of $12.4 billion, proving there is real demand for traded altcoin funds beyond just Bitcoin.
Ripple (XRP) is already showing promising indicators in this space. The Teucrium XRP ETF has raised over $400 million in assets over months, while the ProShares XRP ETF has surpassed $100 million. And these are just leveraged versions - spot trading funds typically see much larger activity.
Upon approval of these funds, fund managers will need to purchase actual XRP tokens to support their shares. This means significant buying pressure is waiting for them.
🚀👍🚀The Ripple ecosystem is thriving
The third part of the puzzle is what’s happening behind the scenes at Ripple. Their stablecoin, Ripple Dollar (RLUSD), is approaching the $700 million mark and gaining significant momentum.
Big names are already using RLUSD - it supported the recent upward initial public offering, and may also participate in the upcoming IPO of Gemini. Additionally, Ripple recently acquired Rail, which could give RLUSD greater momentum in the payments space.
The numbers confirm this: the volume of RLUSD transactions surged by 15% last month to reach $2.7 billion. This is real usage, not just speculation.
All of this contributes to Ripple's larger mission to replace the old SWIFT network with a faster and cheaper network. With more institutions joining, demand for XRP is expected to continue rising.
With consistent technical patterns, rising odds of ETF approvals, and rapid expansion of the ecosystem, $XRP may be on the verge of achieving the massive 75% jump that everyone is talking about.
