With the acceleration of institutional adoption and the technical indicators turning bullish, XRP seems to be preparing to challenge a new historical high.
Over the past few months, many favorable factors have supported the price of XRP, enabling it to remain strong even when the entire market is facing an unfavorable environment. Along with Bitcoin, XRP is one of the only top five cryptocurrencies to rise by mid-2025. This is mainly due to the decision of the U.S. Securities and Exchange Commission (SEC) to drop its appeal in the case of Ripple’s unregistered securities sale.
Analyst Steph is Crypto recently shared an XRP price forecast, outlining the typical bear and bull market cycles of this token. After the latest consolidation phase, the trader expects XRP to achieve a major breakthrough and is likely to rush towards the $12 mark in the near future.
Meanwhile, reports emphasize that the institutional adoption of XRP is accelerating. Several top asset management companies have submitted applications for exchange-traded funds (ETFs), and CME Group is also about to launch XRP futures. In addition, exchange-traded products (ETPs) linked to XRP recorded a record inflow of 37.7 million US dollars in the first quarter. Since the beginning of 2025, the cumulative inflow has reached 214 million US dollars.
According to the analysis of the recent price trend based on the Elliott Wave Theory, XRP currently has a favorable structure and is expected to break through the $7 level in the coming weeks. This will be the fifth wave of increase, and it is expected that the increase will exceed the first wave in November last year. If the price breaks through the $3.6 mark, it will confirm the bullish trend, indicating that XRP has significant upside potential in the medium term. The next bullish catalyst to drive the token up further might come from the unexpected interest rate cut decision of the Federal Reserve.
Although the recent upward trend has cooled down and the momentum indicators on the daily chart are showing a downward trend, as long as XRP remains above its 200-day EMA (Exponential Moving Average), its long-term outlook remains bullish.
In addition, some analysts believe that the XRP price chart has formed a classic “bull flag” pattern, with a target price of approximately $15. This pattern usually occurs after a brief pullback following a price increase, followed by another upward breakthrough, indicating that the price will continue to rise. The increase in open interest also indicates that market interest in XRP is on the rise, providing support for its price increase.
There are even extreme views suggesting that if Ripple can gain a significant market share in the payment sector by leveraging blockchain technology, the price of XRP could potentially reach as high as $10,000. However, considering that the total supply of XRP is 100 billion, to reach this price, its supply needs to be significantly reduced; otherwise, it will be quite difficult to achieve.
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