XRP News Today: XRP's Technical Breakout Could Signal a New Bull Market Catalyst

Analysts have identified a potential technical setup for XRP that could signal the start of a significant price rally, with some forecasting the cryptocurrency could reach as high as $10. This projection stems from a multi-year double bottom pattern observed on the XRP chart, as highlighted by market strategist EGRAG. The pattern began forming in early 2018 and was confirmed with a breakout in December 2024, setting the stage for potential upward movement. The first bottom was marked by a decline from a peak of $3.31 in January 2018 to $0.1140 in March 2020, followed by a recovery to $1.9669 in April 2021. The second bottom occurred after a drop to $0.2870 in June 2022 and a subsequent rebound to $1.95 by November 2024. The breakout above the neckline at $2 in late 2024 validated the pattern, suggesting a target in the $22–$27 range if the trend continues.

Recent price action has shown XRP fluctuating within a parallel channel between $2 and $3.6 since January 2025. EGRAG suggests that a breakout above this range could trigger a significant price surge. The market strategist also notes that the neckline for the double bottom pattern remains a critical level, as maintaining support above $2.66 could signal continued bullish momentum. Analyst CoinsKid similarly emphasized the importance of holding key support levels, indicating that XRP is "gearing up for another run" if it avoids falling below these thresholds. This sentiment is echoed by Oscar Ramos, who observed that XRP holders have remained resilient despite recent volatility, with the asset currently trading near $2.70.

In addition to technical patterns, on-chain data indicates signs of market stabilization and potential reversal. Derivatives data from CoinGlass shows that open interest for XRP futures has declined from $11 billion to $7.5 billion, signaling reduced speculative activity. Binance’s leverage ratio for XRP has also returned to its annual average, indicating a decrease in high-leverage trading, which reduces the likelihood of mass liquidations during pullbacks. Aggregated spot cumulative volume delta (CVD) has also shifted in favor of buyers, suggesting that accumulation activity is increasing among market participants. These on-chain indicators, combined with Fibonacci retracement levels aligning near $2.35–$2.65, reinforce the likelihood of a price rebound.

The potential for regulatory developments further adds to the bullish outlook. Ripple’s XRP Ledger recently implemented a new compliance-related amendment, enabling native support for KYC and AML credentials on the blockchain. This update, according to Ripple engineer Kenny, allows businesses and developers to verify user compliance requirements directly on-chain without exposing sensitive data. The move is part of Ripple’s broader strategy to attract institutional participation and align the XRP Ledger with traditional finance standards. The company’s recent focus on tokenization and its goal to tokenize 10% of global assets by 2030 also position XRP to benefit from growing institutional demand.

Amid these developments, speculation around the approval of an XRP ETF has intensified. BlackRock’s participation in Ripple’s Swell 2025 event has fueled market speculation, with betting markets indicating an 87% chance of an ETF approval by October 2025. While no official announcement has been made, Bitwise and Grayscale have already submitted applications, and Amplify recently filed for an XRP option income ETF. The regulatory timeline, particularly the SEC’s October–November deadlines, is now a key focus for investors, as an approval could drive significant inflows into XRP and potentially trigger a broader market rally.

Analysts remain divided on short-term price targets, with CoinsKid estimating a minimum upside to $4.13, while Cilinix Crypto projects a near-term range of $3.07–$3.13. DeepSeek AI predicts a more aggressive upward trajectory, forecasting $3.50–$5.00 by late 2025 and $8–$15 by 2030. These forecasts, however, are contingent on macroeconomic conditions, regulatory clarity, and broader market adoption. While bullish patterns and on-chain data suggest a positive outlook, investors are cautioned to remain vigilant, as corrections and volatility remain part of the broader crypto market landscape.

Source: [1] XRP Double Bottom Pattern Fuels Case for Rally Into Two Digits (https://thecryptobasic.com/2025/09/06/xrp-double-bottom-pattern-fuels-case-for-rally-into-two-digits/) [2] XRP Reverses at Double Bottom; This Analyst Sees Crypto Upswing (https://www.financemagnates.com/trending/xrp-reverses-at-double-bottom-this-analyst-sees-crypto-upswing/) [3] Crypto Market (https://www.thestreet.com/crypto/tag/crypto-market) [4] Top 3 Reasons XRP Price Will Skyrocket To $5 (https://www.thecoinrepublic.com/2025/09/06/top-3-reasons-xrp-price-will-skyrocket-to-5/?amp) [5] Ripple's XRP Ledger Just Introduced A Pivotal Update In ... (https://www.mitrade.com/insights/news/live-news/article-3-1101808-20250907)