XRP price remains volatile, holding above $3 as the crypto market trades sideways. As Ripple (XRP) consolidates, analysts note similarities between the current price action and the 2017 rally. As a result, experts are forecasting a 2,900% surge if history repeats. How high will XRP reach if this outlook comes to pass?
XRP Price Breaking Out Like 2017; Next Major Move a 2,900% Surge?
XRP price has broken out of a formation that mirrors its 2017 pattern but on a much larger scale. Analysts highlight that this breakout is more than twice the size of the previous cycle, raising expectations for a significant price surge.
In 2017, XRP’s breakout reached two key price targets. The recent movement suggests a similar trajectory, with the first target already met. The next anticipated milestone stands at $99, which would represent a staggering 2,900% gain from current levels.
Analysts note that historical price structures often repeat in crypto markets. If the Ripple price follows the same trajectory as in 2017, the top altcoin could grow exponentially.
While technicals indicate a breakout, fractals and history suggest a 2,900% surge. How likely is this? From a fundamental outlook, the odds of an ETF approval are spiking, suggesting a major overhaul and adoption awaits XRP, making it likely for an absurd and exponential rally.
Polymarket Predicts 83% Chance of XRP ETF Approval by June 2025
Polymarket data indicates an 83% likelihood that a Ripple exchange-traded fund (ETF) could receive approval by 2025. This marks a significant rise in market confidence, reflecting growing optimism surrounding cryptocurrency ETFs.
The probability has climbed by 13% recently, signaling increased speculation among investors. XRP’s potential ETF approval could follow Bitcoin’s path, drawing institutional interest and enhancing mainstream adoption. This could fuel the XRP price surge ahead.
Will XRP ETF Launch in 2025?
According to Polymarket data, the odds of an XRP exchange-traded fund (ETF) receiving regulatory approval in 2025 have risen sharply to 82%. This increase signals growing investor confidence and reflects a notable shift in sentiment within the cryptocurrency space.
The surge in approval probability highlights the anticipation surrounding potential regulatory developments that could pave the way for XRP’s entry into mainstream financial markets through an ETF.
XRP Price Analysis & Key Levels to Watch
The price of XRP today is at $3.06, showing a slight decline of 1% in the last 4-hour session on Binance. The cryptocurrency is currently testing the $3.00 support level, a key psychological zone that has held strong in recent trading sessions.
Most of the cryptocurrencies today are trading in a sideways trend, with BTC hovering around $103k.
The Relative Strength Index (RSI) stands at 48, indicating a neutral stance. A break above $3.50 could pave the way for a move toward the $3.84 level, which aligns with previous highs.
However, failure to maintain above $3.00 may lead to further downside pressure, potentially bringing Ripple price prediction closer to lower support levels.
XRP price chart: TradingView
XRP price movement resembles its 2017 surge, fueling speculation of a massive rally. If history repeats, a 2,900% gain could be on the horizon, but market conditions remain key.
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