XRP News Today: XRP Soars 550% Since November as Analysts Target $30–$34 by 2026

XRP's price surge of over 550% since November has sparked speculation about its potential to reach $30 or more during this bull cycle. Technical analyst Gert van Lagen has projected a target of $34 for XRP by mid-2026, citing a breakout from a seven-year double-bottom pattern and a 2.00 Fibonacci extension as key indicators of a strong uptrend. Van Lagen’s analysis draws parallels to XRP’s historical price action between 2014–2017, when a similar base led to a parabolic rally of over 100,000%. More recent gains, such as a 1,072% rise since 2022 lows and a 1,625% surge in 2020–2021, also reinforce bullish sentiment [1].

Veteran investor Patrick Riley has echoed this optimism, calling XRP a must-have asset and predicting a $30 price target based on its historical performance and current technical setup. His comments have fueled debate within the crypto community, with some investors aligning with his bullish view while others remain skeptical. Critics, including social media user LinkWarLord, argue that XRP has yet to match the utility and innovation of other projects, such as Chainlink [1].

Despite the bullish forecasts, there are notable risks. XRP’s parent chain, the XRP Ledger (XRPL), has a market cap of $190 billion, but its total-value-locked (TVL) stands at just $85 million, a ratio over 2,200 times higher than Ethereum’s 5.6 ratio. This stark disparity raises concerns about overvaluation relative to on-chain activity and could challenge XRP’s ability to sustain momentum toward $30. Additionally, over 95% of XRP’s supply is currently in profit, a threshold historically associated with sharp price corrections [1].

The likelihood of a spot XRP ETF approval in 2025 is also influencing market sentiment. Analysts suggest that such an approval could push XRP toward $27, reinforcing the possibility of a $30 price level. However, detractors warn that XRP’s price may struggle to surpass $10, and some investors have already given up on the asset due to underperformance expectations [1].

While some commentators have speculated on more ambitious targets—ranging from $100 to $10,000—these forecasts remain speculative and should not be taken as concrete market expectations. XRP’s future will depend on factors such as regulatory clarity, institutional adoption, and continued real-world utility in cross-border payments and blockchain ecosystems [1].

Market participants continue to monitor XRP’s trajectory, with some positioning it as a key contender in the next bull cycle against platforms like Solana and emerging projects like Remittix [2]. However, as with any high-potential asset, investors are encouraged to conduct thorough research before making decisions.

Source:

[1] The - [https://thecryptobasic.com/2025/08/12/if-youre-not-bullish-on-xrp-youre-not-a-serious-person-veteran-investor/](https://thecryptobasic.com/2025/08/12/if-youre-not-bullish-on-xrp-youre-not-a-serious-person-veteran-investor/)

[2] Mitrade - [https://www.mitrade.com/au/insights/news/live-news/article-3-1029361-20250811](https://www.mitrade.com/au/insights/news/live-news/article-3-1029361-20250811)