XRP News Today: XRP Could Hit $34 by 2026 Amid Bullish Patterns and ETF Hopes

XRP’s potential to reach $30 has sparked significant debate as the 2025–2026 bull cycle unfolds. Technical analyst Gert van Lagen has projected that XRP could climb as high as $34 within this cycle, based on a breakout from a seven-year double-bottom pattern and a 2.00 Fibonacci extension indicating a $34 target by mid-2026 [1]. This projection draws parallels to XRP’s historical performance, particularly during the 2014–2017 bull run, when the asset surged over 100,000% following a multi-year base [1]. More recently, XRP has seen substantial gains, rising over 550% since November to exceed $3 by late August.

The bullish outlook is further supported by the token’s performance during prior bull cycles. For example, XRP rose roughly 1,072% from 2022 lows and over 1,625% between 2020 and 2021 [1]. Analysts have cited factors such as the resolution of the Ripple lawsuit, increased legal clarity, exchange relistings, and growing optimism around ETF approval as key drivers of recent gains. The likelihood of a spot XRP ETF approval in 2025 is estimated at 95%, and if approved, some forecasts suggest the token could rally toward $27 [1], reinforcing the potential for continued upward momentum.

Despite these positive signals, risks remain. XRP’s market capitalization of $190 billion dwarfs its total-value-locked (TVL) of just $85 million, a ratio far higher than Ethereum’s 5.6 and indicative of potential overvaluation relative to on-chain activity [1]. This discrepancy raises concerns about the sustainability of the current price action. Moreover, over 95% of XRP’s supply is currently in profit, a threshold historically associated with sharp price corrections, as seen during prior bull cycles [1]. When a large portion of the supply is held by profit-takers, increased selling pressure can emerge, challenging the token’s ability to maintain its upward trajectory toward $30.

The broader market context also plays a role. While XRP has benefited from favorable macroeconomic conditions, including low interest rates in previous cycles, the current environment is different. Nevertheless, the token’s foundational role in the crypto space, along with its recent regulatory progress, continues to attract institutional and retail interest alike [1]. However, investors are cautioned to approach such forecasts with prudence, recognizing that market dynamics can shift rapidly and unpredictably [1].

This article does not constitute investment advice. Readers are encouraged to conduct their own research before making any trading or investment decisions.

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[1] Cointelegraph - https://cointelegraph.com/news/is-30-xrp-price-realistic-in-this-bull-cycle?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound