XRP has entered the final stage of a Wyckoff re-accumulation pattern, with technical analysts and market observers suggesting a potential breakout above $2.9 could trigger a significant rally. The cryptocurrency has been consolidating between $2 and $3.3 since early 2025, a period marked by strong institutional accumulation and reduced volatility. Market strategist Steph (@Steph_iscrypto) highlighted that XRP's current structure mirrors historical patterns, with a close above $2.9 serving as a key confirmation level for a bullish move, according to the AltcoinsAnalysis piece.
The asset's fundamentals have strengthened amid growing institutional adoption. Ripple's partnerships with major financial players, including Brazil's first
ETF and Japan's 80% banking sector integration, underscore its role in cross-border payments. Additionally, speculation around a potential collaboration with Bank of America has gained traction, fueled by the bank's recent patent referencing Ripple's distributed ledger technology, as noted by AltcoinsAnalysis. Regulatory clarity has also improved, with the U.S. SEC softening its enforcement stance, raising hopes for a favorable resolution in Ripple's long-running legal battle.
Analysts have drawn parallels between XRP's 2025 price action and its 2017 accumulation phase, which preceded a 5,361% surge to $3.40. A recent flash crash that drove XRP to $1.64 created a downside wick similar to 2017, with the token rebounding to $2.36. Technical analyst ChartNerd noted that if history repeats, XRP could target $13.5, though this would require robust institutional inflows and regulatory tailwinds, according to a
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XRP's price structure suggests a breakout is imminent, with key support levels at $2.40–$2.42 holding strong. A sustained close above $2.9 would validate the Wyckoff re-accumulation pattern, potentially propelling XRP toward $15 or even $70, according to historical precedent and institutional adoption trends cited by AltcoinsAnalysis. However, a breakdown below $2 could disrupt the bullish setup, emphasizing the critical nature of the upcoming price action, as highlighted in a
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Recent developments, including multiple XRP spot ETF filings and whale accumulation, have further bolstered the bullish case. On-chain data shows large holders have been steadily accumulating XRP, while exchange inflows suggest institutional interest is building. If approved, ETFs could reduce circulating supply and drive demand, creating upward pressure on the token, according to a
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With regulatory clarity, institutional adoption, and favorable technical patterns aligning, XRP stands at a pivotal juncture. A confirmed breakout above $2.9 could mark the beginning of a new bull cycle, drawing comparisons to its 2017 rally. However, traders will need to monitor macroeconomic conditions and institutional activity to gauge the sustainability of the upward move.
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