XRP News Today: XRP Poised for 35,000% Surge as Analysts Predict Bullish Rally

XRP, the cryptocurrency associated with Ripple, is currently experiencing a surge in bullish sentiment among analysts. Despite recent price fluctuations, several top crypto analysts are predicting a significant rally for XRP, driven by both technical indicators and real-world adoption.

CrediBULL, a prominent crypto analyst, has highlighted that XRP has been consolidating above its previous all-time high monthly close for eight months. This extended sideways movement, particularly after a strong impulse off the $0.50 level in late 2024, suggests that XRP is preparing for a continuation of the breakout. The monthly candlestick chart shows a tight cluster of monthly candles hovering above the $2.00 range, indicating a strong bullish setup. CrediBULL noted that this structure is one of the cleanest in the crypto space, second only to Bitcoin.

Ripple Pundit, another influential analyst, projected a 35,000% price surge for XRP upon the announcement of a banking license by Ripple. This prediction is based on the potential regulatory greenlight and the final resolution of XRP’s regulatory overhang with the SEC, which could trigger a significant increase in price. Similarly, market commentator SMQKE drew attention to the explosive XRP price surge in late 2017 and early 2018, during which Ripple cofounder Chris Larsen briefly became one of the wealthiest individuals in the world due to XRP’s quick rally from $0.00065 to $2.5. SMQKE noted that the last cycle was merely a glimpse of what’s coming, with the next wave of adoption being global, fully regulated, and built for scale.

Technical analyst Ali Martinez added further credibility to the bullish case by pointing out the $2.38 level as the next major resistance. This is based on on-chain data from Glassnode’s UTXO Realized Price Distribution (URPD), which shows a significant XRP volume concentrated at this price level. If XRP manages to clear this area with strong volume, it would not only overcome heavy resistance but also trigger a cascade of buying interest and a major rally.

Beyond price predictions, XRP’s underlying utility is also gaining traction. Mercado Bitcoin, one of Latin America’s largest digital asset platforms, recently announced plans to tokenize over $200 million worth of real-world assets, including fixed income and equity instruments, directly on the XRP Ledger. This initiative supports the bullish thesis for XRP’s price action, as it increases demand and utility for the cryptocurrency on a global scale.

At the time of writing, XRP is trading at $2.25, up by 2% in the past 24 hours. The combination of technical indicators, analyst predictions, and real-world adoption suggests that XRP is poised for a significant rally in the near future. The bullish sentiment in the XRP camp is increasingly strong, with analysts and industry experts alike predicting a bright future for the cryptocurrency.