XRP, the Ripple-related cryptocurrency, has been in a prolonged period of consolidation, trading between $0.300 and $0.600 for the past seven years.
Although XRP briefly surged during the 2021 bull run, reaching a three-year high of $1.9 in April, the coin has since fallen back into range, lacking the bullish momentum to overcome overhead resistance.
However, some cryptocurrency analysts now predict Main uptrend XRP may push to new heights in the coming months.
Analysts Expect XRP to Breakout
A technical analyst who uses the pseudonym “U-COPY” on social media site X (formerly Twitter) suggestion XRP may experience significant volatility between May 15 and August.
U-COPY noted that XRP has been slowly rising from the previous low of $0.46 and is approaching the end of a long triangle pattern that has been accumulating since 2018.
Analysts believe that XRP’s true potential will be revealed in a fully formed bull cycle that the coin may experience substantial growth By the end of this year.
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Another analyst, Armando Pantoja, backed this bullish outlook, proposal The cryptocurrency bull market may begin in September or October 2025, and the price of XRP may reach $0.75.
Pantoja further stated that if former US President Trump wins the election, the US Securities and Exchange Commission (SEC) will relax regulations Cryptocurrency’s stanceXRP may be pushed to higher levels.
Changes in regulatory dynamics, coupled with the ongoing legal battle between Ripple and the SEC, may increase the likelihood that XRP will receive approval for an exchange-traded fund (ETF) similar to Bitcoin.
Pantoja outlined a price range of $1-2 for an XRP ETF announced in early 2025. Pantoja ultimately predicted that XRP could reach $10-20 by the fourth quarter of 2025 or the first quarter of 2026.
A “buy the dip” opportunity?
according to Market intelligence platform Santiment says that the XRP Ledger (XRPL) has recently witnessed a significant increase in the flow of dormant tokens, suggesting that the market dynamics of the coin may be changing.
Coinciding with the beginning of May, the company’s “Token Age Consumed” indicator showed a surge in transfers of old tokens, reminiscent of a similar situation in April before the market’s sharp decline. During this period, XRP’s value fell sharply, down 16%.
However, compared to previous events, Santiment said there is a “compelling argument” that the current surge in old coin flows could be attributed to interest in key currencies. interested parties Looking to “buy the dip”.
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Additionally, it is worth noting that open interest on the exchange continues to grow and recently reached a three-week high. The increase in open interest indicates an increase in active XRP positions, likely reflecting increased market participation and increased trading activity.
Taking these factors into consideration—a surge in dormant token activity, potential bargain-hunting interest from major stakeholders, and an increase in open interest on exchanges—sentiment surrounding XRP appears to have shifted.
At press time, the seventh-largest cryptocurrency was trading at $0.5020, down more than 7% in the past week alone and 1% in the past 24 hours.
Featured image from Shutterstock, chart from TradingView.com
