XRP Price Prediction: Can Ripple’s Token Hit $15 or Even $110?

XRP Price Analysis: Is the Cup & Handle Pattern Pointing to $110?

XRP is surging in price, defying broader crypto market corrections and gaining strong momentum. With the SEC expected to acknowledge Grayscale’s XRP ETF filing by February 13, 2025, institutional investors might soon flood the market, increasing demand for Ripple’s token.

Can XRP reach $15, $50, or even $110? Experts analyze XRP’s price trajectory, market sentiment, and potential ETF impact. Let's break it down.

SEC’s XRP ETF Acknowledgment: A Game-Changer?

While the SEC's final decision remains uncertain, the mere acknowledgment of Grayscale’s XRP ETF filing could act as a bullish catalyst for XRP. In the U.S., major financial institutions hesitate to invest without SEC clarity. SEC acknowledgment could unlock billions in liquidity, driving XRP demand in the U.S. market

XRP’s Current Market Performance

At the time of writing, XRP is trading at $2.44, with a 0.35% daily change. More notably, trading volume has surged by 20.23% to $5.5 billion, while XRP Futures Open Interest has climbed 0.93% to $3.56 billion. These indicators suggest strong investor confidence despite minor price fluctuations.

Will XRP Reach $15?

Renowned crypto analyst Ali Martinez has intensified speculation with a bold price forecast, claiming XRP has broken out of a symmetrical triangle, setting the stage for a rally toward $15. This breakout aligns with previous historical trends where similar patterns led to parabolic price surges.

While the SEC acknowledgment and broader market trends play a role, technical indicators suggest that XRP’s bullish trajectory is independent of regulatory developments. This strengthens the case for a potential rally.

Key Support & Resistance Levels to Watch

XRP’s price action remains within a critical range that traders should monitor:

Lower Support Levels:

1️⃣ $2.21
2️⃣ $2.00
3️⃣ $1.80
4️⃣ $1.74
5️⃣ $1.60

If XRP closes below any of these levels, it could indicate a trend reversal, potentially dampening the bullish momentum.

Upper Resistance Levels:

1️⃣ $2.62
2️⃣ $2.75
3️⃣ $2.94
4️⃣ $3.22
5️⃣ $3.40

A confirmed breakout above these resistance levels would further solidify XRP’s strength, reinforcing a bullish continuation.

XRP’s Long-Term Outlook: Triple-Digit Potential?

Crypto analyst Egrag Crypto has gone a step further, suggesting XRP could reach $110 in the next bull cycle. His technical analysis points to a well-formed cup pattern, with XRP currently validating its breakout trajectory.

According to his projections:

• XRP could reach $13 in the current cycle.

• Price targets beyond this include $32 to $48, then $60 to $70, and ultimately $95 to $110 in the next bull cycle.

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Short-Term Target: XRP to $4 and Beyond?

Before aiming for triple digits, XRP is expected to break past $4, setting a new all-time high (ATH). Analysts predict that after surpassing this key milestone, XRP could climb to $5.50, with additional targets of $5.85 and $8.76.

For this bullish move to stay intact, XRP must maintain support above $2.20, making $1.88 and $1.75 crucial levels to watch in case of a retracement.

Source: TradingView

Final Thoughts: Is XRP Ready for a Parabolic Rally?

XRP is at a crucial breakout point, with technical indicators, institutional adoption, and ETF speculation fueling optimism. Whether it’s $4, $15, or even $110, XRP investors should closely monitor key resistance levels.