XRP Surges 12.38% After Bullish Crossover, Eyes $29 Target

XRP, the cryptocurrency associated with Ripple, has recently captured the attention of analysts who are highlighting a rare technical pattern that suggests significant upside potential. After a week of volatility, XRP managed to reclaim the $2 mark before experiencing a slight pullback, reigniting bullish sentiment among traders and investors. A critical XRP/BTC bullish crossover has been confirmed, drawing comparisons to the 2017 rally that propelled XRP to unprecedented heights. According to analyst EGRAG Crypto, the current technical setup could catalyze an explosive move, particularly if the Bitcoin price also rises toward the $170,000 range. This development has bolstered the XRP price prediction, with traders closely monitoring further movements.

Despite a 2.89% decline due to broader market uncertainty, XRP rebounded sharply, showing a 12.38% gain in just 24 hours and reclaiming the crucial $2 milestone. This momentum was fueled by the confirmed XRP/BTC bullish crossover on the weekly charts, which preceded XRP’s massive 958.97% rally in 2017. In that year, a similar crossover led to XRP’s climb from lower levels to a peak of $3.8. Given the technical similarities, analysts are optimistic that XRP could be setting up for another historic move.

EGRAG Crypto emphasizes that the February 2025 XRP/BTC bullish crossover mirrors the conditions that fueled XRP’s 2017 bull run. After an initial retest attempt of the 55-week EMA, XRP held its ground, suggesting strong technical support. Even if short-term fluctuations cause a temporary dip toward $1.48, analysts maintain that the overall structure remains bullish, highly dependent on upcoming Bitcoin price action.

Historical analysis identifies four major XRP/BTC bottoms since 2014, each leading to significant rallies. Currently, with Bitcoin trading near $81,753, the XRP/BTC ratio’s behavior around resistance levels will be crucial in determining XRP’s next major move. If the XRP/BTC ratio climbs by 958% again and the Bitcoin price surges beyond $170,000, XRP could realistically achieve the much-anticipated $29 target. Meanwhile, the Ripple price momentum also reinforces confidence among investors eyeing the next major altcoin breakout.

With the technical confirmation of the XRP/BTC bullish crossover, XRP appears positioned for substantial gains. Analysts project that a rise toward the 0.000171 BTC level could drive XRP into new prices, especially if Bitcoin price continues its march toward higher valuations. Ripple price action has remained firm even during market-wide corrections. A Bitcoin price rally to the $130,000–$170,000 range could serve as a powerful catalyst, potentially pushing XRP above $22 and setting the stage for a breakout toward $29. Given the historical precedents and strong technical signals, XRP could soon become one of the top performers of the upcoming crypto bull cycle.

Historical analysis strongly supports the view that XRP could replicate its 2017 performance, offering upside for those positioned early. Although short-term fluctuations are inevitable, the broader XRP price prediction remains firmly bullish. A potential rally toward $29 appears on the horizon. Investors and traders should stay cautious as XRP prepares for what could be one of its most significant breakouts yet, closely watching XRP price action as Bitcoin continues to influence overall sentiment.