XRP, the native cryptocurrency of the Ripple ecosystem, appears to be on the cusp of a major price breakout following nearly 200 days of tight consolidation between $1.90 and $2.90. Technical analysts and long-time XRP holders are now eyeing potential price targets between $3.70 and $10, drawing comparisons to the explosive rally the token experienced in 2017.
For over six months, XRP has traded within a narrow horizontal range, defying the broader volatility seen across the cryptocurrency market. This period of prolonged consolidation has historically preceded significant price movements in the past, most notably in the pre-bull run phase of 2017 when XRP surged more than 30x in value.
On-chain metrics from platforms like Santiment and Whale Alert show increased accumulation by large wallet addresses, often referred to as “whales.” These entities have been steadily withdrawing XRP from exchanges and moving their holdings into long-term cold wallets — a classic signal of confidence in a future upward move.
“XRP’s volatility has compressed to levels we haven’t seen since before the last bull cycle,” says Hiroshi Takeda, a senior analyst at Tokyo-based CryptoQuant. “That kind of price behavior often sets the stage for explosive moves, especially when paired with favorable macro and regulatory developments.”
Adding to the bullish narrative is Ripple’s continued success in expanding its real-world utility. The company recently announced additional partnerships across Asia and Latin America for cross-border payment corridors using XRP as a bridge currency. With increasing regulatory clarity in jurisdictions like the UAE, Japan, and even parts of the EU, institutional investors are reportedly beginning to revisit XRP as a legitimate digital asset with strong long-term potential.
Fractal-based analysis — a technique that compares current price action to historical patterns — suggests striking similarities between XRP’s current price structure and the one observed just before its meteoric rise in 2017. Back then, XRP traded sideways for over 180 days before surging from under $0.30 to an all-time high near $3.84 in under a month.
This time, analysts like Crypto Rover and Michaël van de Poppe argue that the breakout could be even more dramatic due to the higher overall market cap of crypto, expanded retail and institutional interest, and the proliferation of XRP trading pairs on major centralized and decentralized exchanges.
However, not everyone is convinced. Skeptics point to Ripple’s ongoing legal entanglements in the United States and a general lack of hype compared to meme coins or AI-based tokens dominating current trends. Some argue that without a major catalyst — such as full victory in the SEC lawsuit or a major U.S.-based bank announcing XRP integration — the asset may remain range-bound.
Despite these concerns, the technical setup remains compelling. The Relative Strength Index (RSI) is gradually trending upward without entering overbought territory, while the Moving Average Convergence Divergence (MACD) recently flashed a bullish crossover on the weekly chart.
If XRP can break convincingly above the $3.00 resistance zone with volume, analysts forecast short-term targets of $3.70 to $5.00, and long-term potential toward $10 in a full-fledged altcoin season. For now, traders are watching the $2.90 to $3.00 area closely — a successful breach could unlock what many are calling the “next explosive leg” for the veteran cryptocurrency.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should research carefully before making any decisions. We are not responsible for your investment decisions.
