XRP is capturing the spotlight as a bullish wave and regulatory breakthroughs fuel optimism for a rally toward $3.70. With the SEC streamlining ETF approvals and technical indicators flashing green, could this be the start of a major breakout? Here’s the latest XRP news and what it means for traders.
XRP Bullish Wave Targets $3.70: Technical Breakdown
Market analyst CryptoOG highlights a compelling Elliott Wave pattern forming on XRP’s 4-hour chart. Key points:
- Wave 4 Consolidation: The current phase is shaping into a bull flag, a classic continuation pattern.
- Wave 5 Projection: The 1.618 Fibonacci extension points to a $3.67–$3.70 target.
- Volume Confirmation: A breakout above $3.20 with strong volume could validate the uptrend.
On-chain data reveals heightened whale activity, signaling accumulation by large investors.
SEC Reform Fuels XRP ETF Hopes
The SEC’s new “Listing Standards” could be a game-changer for XRP and other altcoins:
| Key Change | Impact |
|---|---|
| 6-month futures trading on Coinbase | Qualifies for streamlined ETF approval |
| Reduced timeline | Approvals cut from 240 to ~75 days |
| In-kind creations | Aligns crypto ETFs with traditional structures |
Analysts estimate a 95% chance of XRP ETF approval by late 2025.
XRP Price Outlook: How High Can It Go?
If XRP clears $3.60 resistance, analysts foresee two scenarios:
- Short-term: A rapid push toward $6–$10 if momentum holds.
- Long-term: Institutional adoption via ETFs could sustain a multi-year rally.
Whale accumulation patterns suggest confidence in XRP’s post-legal clarity future.
Conclusion: A Perfect Storm for XRP?
Technical strength, regulatory tailwinds, and growing institutional interest are aligning for XRP. While risks remain, the setup is one of the most bullish in years. Traders should watch the $3.20 breakout level and ETF developments closely.
FAQs
Q: What is the XRP price target based on the Elliott Wave pattern?
A: The 1.618 Fibonacci extension points to $3.67–$3.70.
Q: When might an XRP ETF launch?
A: Most estimates suggest September–October 2025 under the new SEC framework.
Q: How does the SEC’s new policy help XRP?
A: It creates a faster, clearer path for ETF approvals by standardizing listing requirements.
Q: Why is whale activity important for XRP?
A: Large accumulations often precede major price moves as whales position for long-term gains.
