- XRP is trading within a bullish wedge pattern, with analysts eyeing a potential breakout toward $3.
- Ripple’s strong Q1 report, ETF filings, and major acquisition fuel optimism for a sustained rally.
Ripple’s XRP is grabbing headlines again as analysts eye a potential surge toward the $3 mark—fueled by a powerful combination of technical signals and strategic wins outlined in Ripple’s Q1 2025 Markets Report.
Currently holding firm around the $2.13 mark, XRP is trading within a falling wedge pattern—a historically bullish formation. Despite a recent 10% decline from $2.33, XRP has bounced off a key demand zone between $2.13 and $2.14. The confluence with the 61.8% Fibonacci retracement level suggests strong support, and a breakout above the wedge’s upper trendline could trigger a move toward $2.36 initially.
Also read: Solana Price Holds Steady as DeFi Development Corp Buys Validator for $3.5M
From there, bullish momentum could push XRP even higher. Fibonacci projections suggest that if the breakout sustains, the price could climb past psychological resistance at $2.50, with upside targets as high as $3.15. However, caution remains, as a death cross pattern on the 4-hour chart hints at short-term bearish pressure.
Fueling the bullish sentiment is Ripple’s impressive Q1 2025 report. The company highlighted strong institutional demand, including ETF filings from major players like Franklin Templeton and Volatility Shares. Brazil’s regulatory approval of an XRP ETF and CME Group’s launch of Futures further underscore growing institutional confidence.
Ripple’s strategic $1.25 billion acquisition of prime broker Hidden Road also marks a bold move to integrate its RLUSD stablecoin into traditional finance infrastructure. With RLUSD’s market cap exceeding $90 million and over $300 million in cumulative DEX volume, Ripple is positioning itself—and XRP—as a bridge between digital assets and conventional markets.
Despite a slowdown in on-chain activity on the XRP Ledger, the broader momentum remains intact. As the crypto market eyes regulatory clarity and global adoption, XRP stands out as a strong contender for the next big breakout.
If the wedge breakout materializes and institutional inflows continue, XRP may well be on its way to reclaiming the $3 milestone—setting the stage for a bullish 2025.