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XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider

XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider

CoinEdition2025/10/03 16:00
By: Coin Edition
BTC+2.09%SOL+2.71%XRP+2.04%
XRP price has followed a similar fractal pattern to its 2017/2018 bull rally during the past year. Technical analysis shows XRP price is ready for its next liftoff towards the euphoric phase of the macro bull cycle. Ripple’s robust fundamentals have bolstered bullish sentiment for XRP in the near future.
  • XRP price has followed a similar fractal pattern to its 2017/2018 bull rally during the past year.
  • Technical analysis shows XRP price is ready for its next liftoff towards the euphoric phase of the macro bull cycle.
  • Ripple’s robust fundamentals have bolstered bullish sentiment for XRP in the near future.

XRP (XRP) price is ready for a parabolic rally in the coming months, technical analyst Egrag Crypto has reiterated. The crypto analyst noted that the XRP price is ready to enter its euphoric phase of the 2025 crypto bull market after consolidating since the beginning of this year.

Egrag Crypto set a price target of $10 for XRP in the near future based on its past performance. Furthermore, XRP price has held above a crucial moving average band in the higher timeframe despite the recent consolidation.

XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider image 0 XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider image 1 Source: X

The crypto analyst has held the opinion that the ongoing macro bull market for XRP price has mirrored its 2017/2018 cycle. 

Why is Egrag Crypto Bullish on XRP Price Ahead?

Technical Tailwinds 

Following the recent crypto bullish rebound led by Bitcoin (BTC), the XRP price has broken out of a descending triangle in the daily timeframe. The large-cap altcoin, with a fully diluted valuation of about $300 billion, is now well-positioned to rally upward in the near term.

XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider image 2 XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider image 3 Source: TradingView

The midterm bullish sentiment has been confirmed by the MACD indicator, whereby the MACD line recently crossed above the Signal line and the Zero line amid growing bullish histograms. 

Legal Clarity in Major Jurisdictions 

The XRP’s bullish momentum has been bolstered by its legal clarity in major jurisdictions led by the United States. The United States Securities and Exchange Commission (SEC) withdrawal of its lawsuit against Ripple could also contribute to the rally.

Meanwhile, the crypto market is awaiting the final approval of the CLARITY Act by the Senate, especially after President Donald Trump enacted the GENIUS Act. The XRP ecosystem is well-positioned to benefit from these two legislations, especially as the XRPL explores decentralized finance (DeFi) development.

Related: XRP Price Prediction: XRP Eyes $3.2 Breakout as Derivatives Interest Surges

High Demand from Whale Institutional Investors 

On-chain data shows whale accumulation

According to on-chain data analysis from Santiment, whale investors with an account balance of between 100 million and 1 billion XRPs accumulated over 250 million coins this week. As such, this group currently holds a total of 9.2 billion XRP coins.

XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider image 4 XRP Breaks Above Crucial Resistance; Here is a Key Target to Consider image 5 Source: X

Spot ETF Hype

The organic Dayna’s for XRP by whale investors is evident through the spot ETF hype in the United States. Several fund managers have already filed to offer spot XRP ETFS, including: 

  • Grayscale spot XRP ETF
  • 21Shares XRP ETF 
  • Bitwise Spot XRP ETF 
  • CoinShares XRP ETF 
  • Canary Capital XRP ETF 
  • WisdomTree XRP ETF 

The United States Securities and Exchange Commission (SEC) is expected to approve trading of spot XRP ETFs after the U.S. government shutdown ends. Moreover, the agency has already approved generic listing standards for crypto, which expedites the process.

Related: Bitcoin Breaks $121K as XRP, Chainlink, Solana, SUI Gear for Breakout

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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