Key Takeaways:
XRP (XRP) is showing signs of a possible 35% breakout as bullish technicals align with latest fundamentals, including Ripple CEO Brad Garlinghouse re-committing to the blockchain company's vision of the “Internet of Value.”
XRP price held a vital support level
XRP price chart technicals suggest that it has rebounded from the lower trendline of its prevailing ascending triangle pattern. This support has historically marked the beginning of strong recovery moves, including jumps of 70-80% in the beginning of 2025.
XRP/USD weekly chart. Source: TradingView
On Saturday, the token was up greater than 8% after testing the trend line and was also consistent with the 50-week exponential moving average (50-week EMA, represented by the red wave) at $2.33.
XRP could rally towards the upper trendline of the triangle at around $3.45 by December, up 35% from current levels if history is any indicator.
Conversely, a break below the triangle's lower trendline could push the value towards June lows around $1.65, a 25% decline from current levels.
Ripple Prime strengthens XRP’s bullish case
Ripple’s expanding institutional strategy provides strong fundamental tailwinds to XRP’s bullish setup.
The company announced Friday that it had accomplished its acquisition of Hidden Road and renamed it “Ripple Prime.” This makes it the primary crypto company to operate a world multi-asset prime broker while onboarding existing institutional clients. Ripple wrote within the announcement:
“Ripple’s core digital asset infrastructure in payments, crypto custody and stablecoin, in addition to the usage of XRP, will complement the services offered by Ripple Prime.”
CEO Brad Garlinghouse called the deal one other step toward constructing an “Internet of Value,” emphasizing that “XRP is at the center of every thing Ripple does.”
Most analysts expect XRP to increase its gains following Garlinghouse's support.
Among them is trader Credibull Crypto, who said that Ripple's massive XRP holdings provide every incentive to drive the success of the token as the corporate would profit probably the most from the next valuation.
The comments also got here as Ripple announced its intention to purchase $1 billion price of XRP tokens for a brand new Treasury on the Nasdaq under the ticker symbol “XRPN.”
Trader Zeiierman Trading said XRP could surpass $3 due to Ripple’s Hidden Road deal, noting that the token “is now at the middle of institutional adoption.”
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
