Everyone’s favorite XRP is showing bullish patterns on chart and with the large futures rollout drawing near, a comeback on the horizon can’t be ruled out. Crypto analysts predict that with the current market sentiments, the price can skyrocket 70% up.
XRP is now trading at $2.12, down almost 40% from its recent multi-year high of $3.40 just a few months ago. However, even with this drop, most analysts still see XRP as having great potential, particularly since it’s trading above critical technical support levels.
So, why is this the case? Let’s find out what’s going on.
Major positivity came from its closure on the SEC case, making it popular among investors and analysts. However, the recent reason for the optimism is the coming listing of XRP futures contracts on the Coinbase Derivatives exchange. This launch, sanctioned by the US Commodity Futures Trading Commission (CFTC), should occur today.
Institutional investors usually find futures listings to be enticing, and the additional liquidity will push the price of XRP higher.
Technical analysts view XRP as creating a Wyckoff reaccumulation pattern, typically an indication of an impending price breakout.
This pattern shows that large investors, or “smart money,” are buying during this quiet phase. Recently, XRP showed signs of a “Spring” and “Test” phase, suggesting sellers are losing momentum.
XRP is now trying to break above an important trendline referred to as the “Creek.” Successful execution of this move, referred to as a “Jump Across The Creek” (JATC), could propel XRP into the next bullish cycle and potentially to $3.55, a potential 70% increase in the near future.
If XRP can break through $3.55, a Fibonacci retracement indicates the next target would be about $5.65 in June. That would be a significant recovery from recent lows and could indicate an uptrend longer term.
A second bullish indication is a falling wedge pattern identified by chartist Jobcfx. This trend has been building since February 2025. A breakout through the $2.20-$2.40 zone could send XRP above $4.00, hitting the Wyckoff breakout target.
Interestingly, Bitcoin (BTC) is also creating a similar falling wedge pattern. If Bitcoin breaks out first, it might take the entire altcoin market, including XRP, with it, providing it with even more upward momentum.
Even after the recent losses, XRP is bearing numerous signs of bulls both technically and fundamentally. With Coinbase futures release, future chart breakouts, and positive momentum of Bitcoin trend, XRP is ready for a great bounceback within weeks.
Also Read: With BTC, ETH, and likely XRP ETF in crypto, is Pi next in queue?
