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Here’s Ripple CTO Indirect but Very Clear Message to Those Planning to Sell XRP

Abdulkarim Abdulwahab
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Here’s Ripple CTO Indirect but Very Clear Message to Those Planning to Sell XRP

Ripple’s CTO, David Schwartz, has stirred up conversations in the XRP community with his subtle reply to a popular post on X.

When a crypto influencer asked followers to “post a pic only your fandom would understand,” Schwartz shared a photo of solar panels on a rooftop. This simple image reminded many of his past comments about selling Ethereum too early.

The post went viral among XRP holders who saw it as an indirect message to stay patient and avoid selling their XRP too soon.

The $100 Million Lesson in Patience

For context, the reference traces back to Schwartz’s well-known story from 2023, when he revealed that he sold 40,000 ETH for $1 each to fund a solar panel project on a home he no longer owns.

He admitted that the decision cost him a fortune, as the Ethereum he sold for $40,000 would later soar to over $100 million in value.

At the time, the XRP community interpreted the anecdote as a warning not to repeat the same mistake with XRP. Many believed the Ripple CTO was subtly encouraging long-term holders to stay the course, even during periods of price stagnation.

More Regret from Selling ETH 

This is not the first time Schwartz has used personal experiences to communicate lessons about patience and conviction.

In May 2024, he revealed that he originally bought the 40,000 ETH during Ethereum’s 2014 ICO for just 20 BTC ($12,400 then), only to sell too early for short-term utility. The choice made sense at the time but has become one of crypto’s most well-known missed opportunities.

Nearly a decade later, his rooftop photo echoes that same lesson. It also quietly encourages XRP holders to think twice before losing faith.

Indeed, XRP proponents saw Schwartz’s post as a quiet message to stay strong. As it spread across the community, it even fueled speculation about the future price outlook for XRP.

“Sell your solar panel and buy XRP,” one community member remarked.

Ongoing Frustration About XRP 

Notably, Schwartz’s indirect message arrives at a moment when some early XRP investors have expressed frustration over the asset’s lack of explosive growth.

Last week, Schwartz announced he will step down from his Ripple CTO position by year-end, though he will remain on the board as CTO Emeritus. Crypto Bitlord, an early XRP investor turned critic, called it a “sell signal.” 

He pointed to Ripple’s lack of sustainable revenue and rising competition from SWIFT’s new blockchain initiative. Bitlord, once bullish, now questions XRP’s long-term potential, frustrated by years of perceived underperformance, even though the coin is up over 400% since last year.

Cardano Sets Stage for 60% Jump to $1.30, Analyst Forecasts

Elendu Benedict
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Cardano Sets Stage for 60% Jump to $1.30, Analyst Forecasts

A recent analysis suggests that the next impulsive Cardano price move targets $1.30 after a sustained trend above a weekly resistance breakout.

Market commentator BullStar shared this in his recent TradingView analysis. He highlighted the bullish setup on the Cardano weekly chart, which could lead to a significant price increase.

Currently, ADA continues to consolidate, a trend that is also visible in the broader cryptocurrency market. The asset is down 5% in the past 24 hours, bringing its year-to-date performance back to negative.

Resilient Cardano Shows Promising Signs

BullStar stated that ADA is showing early signs of a potential price rally after months of price consolidation. For context, the token broke above a descending trendline that has acted as resistance since early 2025.

Notably, this trendline emerged from the December 2024 high of $1.32 and has since opposed further price rallies for Cardano at each attempt to break upward. However, ADA broke out following a bullish price development in mid-August when it rallied to a high of $1.020.

Cardano Price Breakout/Bullstar1
Cardano Price Breakout/BullStar1

Remarkably, while Cardano has retraced from that rally, it has held this breakout and is currently forming a higher low pattern as it retests the trendline, according to the analyst. He emphasized that this suggests price accumulation before the next impulsive upward move.

Breakout Target and Critical Support to Watch

The analysis highlights a possible bullish continuation in the coming week if the market momentum strengthens and Bitcoin remains stable. Considering its dominant market share, BTC has typically dictated the mood of the crypto market, and Cardano needs its price to be steady to develop.

Furthermore, Cardano also needs to hold the support at $0.70 for an upward move. While prices appear bearish in the short term, the token must maintain a position above the breakout neckline to achieve higher price targets.

If the bullish continuation occurs, the analyst predicts that ADA will first target the key resistance level at $0.95. Breaking this supply zone would further pave the way for a 60% surge from the current market price to $1.30.

Cardano Could See a Bigger Rally

Interestingly, the $1.30 target for the impulsive move would imply a break above the Cardano bull market door at $1.25, as identified by Dan Gambardello. He shared in an earlier analysis that if ADA breaks this critical area, it will mark a resumption of a full bullish season for the token.

Meanwhile, the target for this positive development is a rally to $10, marking a new all-time high for the cryptocurrency. Specifically, this target is 1,127% away from its current price of $0.815.

SEC Chair Confirms Plan to Formalize ‘Innovation Exemption’ Before Year-End

Zabi
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SEC Chair Confirms Plan to Formalize ‘Innovation Exemption’ Before Year-End

The U.S. Securities and Exchange Commission (SEC) is preparing to introduce a long-awaited “innovation exemption.”

With this exemption, companies would be able to experiment with digital assets and emerging technologies under a clearer regulatory framework.

SEC Chair Paul Atkins said the exemption remains one of his top priorities despite the ongoing government shutdown, which has slowed rulemaking progress.

Speaking at a Futures and Derivatives Law Report event in New York, Atkins said the agency aims to finalize the rule by late 2025 or early 2026. He described the initiative as an effort to “bring innovation home” after years of regulatory uncertainty that pushed many crypto firms overseas.

“We want developers to feel confident building in the United States,” Atkins said.

Shift Away from Regulation by Enforcement

The planned exemption would mark a major policy shift for the SEC. In previous years, the agency relied heavily on enforcement actions and informal staff guidance to shape crypto policy. By contrast, formal rulemaking, Atkins said, would offer clearer standards for startups and established firms alike.

“We’ve had years of stagnation in this industry,” he noted. “Now it’s time to set transparent, supportive rules that promote innovation.”

However, Atkins acknowledged that the government shutdown has “hamstrung” the SEC’s ability to move forward with new rules. Only essential functions are continuing, leaving most policy development on hold. Even so, he expressed confidence that the innovation framework would remain on track once operations resume.

Congress Pushes Crypto Legislation

Notably, the SEC’s efforts come alongside parallel moves in Congress to advance crypto legislation. Atkins praised lawmakers for progress on the GENIUS Act, the first U.S. law to establish a national framework for stablecoins.

Furthermore, he voiced optimism about a potential market structure bill that could clarify trading and custody rules for digital assets. However, industry experts offered mixed views, some estimating only a 50% chance the bill would pass before 2026.

Stablecoins Spur Real-World Adoption

In the meantime, the GENIUS Act has already spurred new activity in the stablecoin market. The U.S. Treasury Department is drafting implementation rules, which analysts say could unleash a new wave of crypto innovation.

Consequently, developers expect a broader use of stablecoins in payments, fund transfers, and financial contracts. For instance, companies like Visa, which recently integrated USDC into its payment systems, are early examples of this trend.

Can This “Nice” Dogecoin Pattern Take DOGE to $0.29?

Mark Brennan
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Can This “Nice” Dogecoin Pattern Take DOGE to $0.29?

An analyst on X, Trader Tardigrade, has caught a nice pattern on the Dogecoin chart that could potentially lead to higher prices.

Notably, this pattern shows up at a time when the price action of Dogecoin is trending downward. The meme coin started the week at around $0.27 but has dropped below $0.25 by this writing.

During this press, DOGE is changing hands at $0.2454, down 7.3% in the past 24 hours. However, it is up 6.2% in the past seven days. Amid this short-term decline, an analyst on X, Trader Tardigrade, sees this as a repetition of what happened earlier in late September, when Dogecoin surged to peak at around $0.26.

A Nice Dogecoin Pattern Was Caught

In his commentary, Tardigrade mentions that he caught a “nice” Dogecoin pattern on the 4-hour chart. Specifically, the primary observation is the presence of two attempted rallies that were not successful, with a rising trendline providing support each time the rallies failed.

Image

For context, the rising trendline particularly suggests that Dogecoin’s price is in a bullish phase, making higher lows and gradually rising over time.

This pattern started forming around October 4, after the price fell from $0.26. The bulls tried to push Dogecoin through that resistance, but were overpowered by the bears, and DOGE was back to the trendline support around $0.25. Another attempt happened on October 6, with bulls pushing above $0.27, but DOGE again retraced back to the trendline support.

A Recurrent Pattern?

However, this is not the first time this pattern has appeared. The chart shows a previous attempt that started materializing on September 26, when Dogecoin was trading at around $0.22. At the time, the first attempt to break resistance was cut off at $0.234, pulling Dogecoin back to the support trendline at $0.225 by September 28. A second attempt started outright and was also cut short on September 29, at just above $0.235.

Despite DOGE falling back to the support trendline, the fact that the price didn’t break below this trendline in both instances is an indicator of buying interest at these levels. Later, upon returning to the trendline support, the price surged from $0.22 on September 30 to reach $0.26 by October 3. 

Based on this initial trajectory, the analyst believes Dogecoin has the potential to break out again. According to the latest forecast, the analyst believes Dogecoin could surge above $0.29. Notably, from the current price of $0.2454, Dogecoin would need to surge by 18.2% to reach $0.29.

Dogecoin Market Cap to $1 Trillion?

Notably, this is not the first bullish prediction for DOGE this week. For instance, on October 6, analyst Kaleo shared his outlook on Dogecoin, stating that a price of $6.90, which would give Dogecoin a $1 trillion market cap, remains a significant target. He pointed out that Dogecoin reached nearly $100 billion in the last cycle, while Bitcoin surpassed $1.2 trillion. 

Kaleo compared their market caps, noting that Dogecoin’s was about 8.33% of Bitcoin’s in previous cycles. With Bitcoin potentially reaching a $12.5 trillion market cap this cycle, Kaleo believes a $1 trillion market cap for Dogecoin is feasible, especially with signs of a memecoin supercycle emerging.

UK Central Bank Softens Stablecoin Limits Amid Industry Pressure

Zabi
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UK Central Bank Softens Stablecoin Limits Amid Industry Pressure

The Bank of England is reconsidering its earlier plan to impose strict limits on the amount of stablecoins that businesses can hold.

According to Bloomberg, the central bank now plans to allow exemptions for certain firms, including cryptocurrency exchanges, that need to maintain large stablecoin reserves for settlement and liquidity.

This step is part of a broader strategy to integrate stablecoins into Britain’s financial system without stifling innovation.

Testing Stablecoins in the Digital Securities Sandbox

The BoE also plans to include stablecoins in its Digital Securities Sandbox, a testing environment for blockchain-based issuance and trading. The sandbox will allow approved firms to use stablecoins as settlement assets, enabling regulators to evaluate their real-world performance before finalizing the rules.

Initial Proposal Raised Industry Concerns

Earlier this year, the BoE put forward initial limits on stablecoin holdings, setting £20,000 for individuals and £10 million for companies. The proposal aimed to limit systemic risks and protect consumers. It also ensured that the central bank would remain in charge of regulating the money supply.

However, the move drew criticism from cryptocurrency companies, which argued that such limits could significantly hinder their operations. Crypto-focused firms often rely on substantial stablecoin holdings to maintain liquidity, process transactions efficiently, and facilitate trading on digital platforms.

Simon Jennings, chair of the UK Cryptoasset Business Council, said the proposed framework “simply doesn’t work in practice”. He added that it is especially problematic for companies operating in the digital asset ecosystem.

BOE Governor Signals Softer Tone

BoE Governor Andrew Bailey has long expressed caution about the rise of privately issued stablecoins, warning that they could pose a threat to financial stability and undermine monetary policy.

Nevertheless, Bailey recently appeared to soften his stance. In remarks last week, he noted that well-regulated stablecoins could coexist with traditional finance if proper safeguards are in place.

International Competition Intensifies

The UK’s evolving approach comes amid intensifying global competition in the digital finance sector. For instance, in July, the United States passed the GENIUS Act, taking a decisive step forward. The legislation lays out a clearer regulatory framework for stablecoin issuers.

This progress has put pressure on UK and European regulators to accelerate their own policies—or risk losing financial innovation and investment to overseas markets.

Critics argue that the UK’s cautious pace has made it less attractive for crypto entrepreneurs, even as London seeks to position itself as a global fintech hub. Analysts believe the BoE’s softer stance could help restore confidence and encourage firms to build and issue stablecoins within the UK.

Stablecoin Market Continues Rapid Expansion

The global market for stablecoins has grown to an estimated $314 billion, according to CoinMarketCap. Most of these digital tokens are tied to the US dollar. Among them, Tether (USDT) and Circle’s USD Coin (USDC) are the most widely used.

In contrast, stablecoins pegged to the British pound are extremely rare. Data from DefiLlama shows that less than $1 million worth of these coins is currently in circulation.

This tiny share highlights how far the UK lags in developing a domestic stablecoin ecosystem—a gap that regulators and policymakers are now under pressure to close.

Regulatory Adjustments in Response to Industry Pushback

In response to industry feedback, the BoE is reportedly considering allowing systemic stablecoins to hold part of their reserves in secure assets such as short-term government bonds.

This adjustment would bring UK rules closer in line with those in the US and EU, addressing concerns that overly strict regulation could drive innovation and capital abroad.

Expert Says XRP Is ‘Still Running the Show’ With 488% Surge Since U.S. Election

Lele Jima
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Expert Says XRP Is ‘Still Running the Show’ With 488% Surge Since U.S. Election

A popular market pundit has highlighted how XRP has outperformed major cryptocurrencies such as Ethereum, Bitcoin, BNB, and Solana since the U.S. election. 

In a post on X, Zach Rector compared the performance of the top five non-stablecoin cryptocurrencies, including XRP, Bitcoin, Ethereum, BNB, and Solana.

The post came shortly after BNB overtook XRP to become the third-largest crypto. To compound matters, USDT stablecoin also surpassed XRP, pushing the token down to fifth place in the global rankings.

XRP Still Leads the Bull Run

While the development elicited concern among holders, Rector pointed out that XRP has outpaced other top-five cryptocurrencies since the U.S. election. According to him, XRP has surged by an impressive 488% since the U.S. election took place on November 5, 2024.

In contrast, within this timeframe, Bitcoin has only spiked by 83%, Ethereum by 95%, BNB by 136%, and Solana by 45%. XRP’s outstanding growth of 488% makes it the best-performing major asset since the election.

Rector echoed this sentiment, stressing that XRP is leading the current bull run, with no other top-five non-stablecoin cryptocurrency coming close to matching its performance.

XRP Bullish Run Since Election

Data from CoinMarketCap also highlights XRP’s incredible performance since the election. On election day, XRP traded at around $0.50. Following Donald Trump’s re-election, speculation surrounding a resolution of the Ripple lawsuit intensified, especially as Gary Gensler stepped down from SEC leadership.

These developments pushed XRP’s price to $2.30 by December 1. The token maintained its upward momentum, eventually surging to $3.38 just days before Trump’s inauguration in January 2025.

Although global geopolitical tensions triggered several market-wide corrections, XRP still reached a multi-year high of $3.65 on July 18, marking an impressive 630% increase from the $0.50 price.

Current Performance of the Top 5 Cryptos

However, XRP has struggled to continue its rally, with the token plummeting below the $3 mark earlier this week. As of today, XRP is trading below $2.90. In contrast, other top rivals such as Bitcoin, Ethereum, and BNB have posted significant gains over the past week.

Bitcoin surged to a new all-time high of $126,198, while BNB followed with a record peak of $1,336 on Thursday. Ethereum also came close to reclaiming its previous ATH, rallying to $4,755.

The strong performance of these major tokens has led many observers to argue that XRP has been lagging in the ongoing bull run. However, Zach Rector pushed back on this narrative, pointing out that XRP has outperformed Bitcoin, Ethereum, BNB, and Solana since the last U.S. election.

Top Trader Peter Brandt Shares Bearish XRP Target if It Closes Below $2.66

Elendu Benedict
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Top Trader Peter Brandt Shares Bearish XRP Target if It Closes Below $2.66

A bearish formation on the XRP daily chart suggests further correction if prices close below the crucial $2.66 support trendline.

XRP took an unexpected turn on Tuesday, as with major cryptocurrencies. While bulls cheered over Bitcoin’s new all-time high and XRP running above the $3 resistance, profit-taking market users sparked a massive sell-off, dragging prices with it.

Notably, XRP dropped 4.55% on the day, retesting lower levels around $2.85. The downside has now seen the token relinquish most of its “Uptober” gains. Recall that XRP had reached an intra-month high of $3.10. As a result, the current price of $2.854 represents an 8% decline.

Classic Descending Triangle Formation on the XRP Chart

Veteran trader Peter Brandt highlighted this in his Tuesday analysis, suggesting there could be further downsides. Specifically, he identified a descending triangle, as described by Edwards and Magee, taking shape on the daily chart.

XRP Descending Triangle/Peter Brandt
XRP Descending Triangle/Peter Brandt

The structure has been forming since XRP experienced strong price rejection from its yearly high of $3.66 in July. The token has since ranged between the upper resistance and lower support of the pattern.

A clear rejection from the October high of $3.10 has sent XRP on a downward spiral, with prices looking weak. Meanwhile, Brandt highlighted that a close below the triangle’s lower support at $2.68 would turn him into “a hater.”

Precisely, he suggested that closing below the support would confirm the bearish pattern, which should catalyze an XRP drop to $2.221. XRP last saw that price level in early July, and this would mark a 22% correction from the current market price.

Aligning Bearish XRP Outlook

Speaking of retests, market veteran Ali Martinez also predicted that XRP could see further lows. He shared an XRP trend within a descending triangle on the daily timeframe with a similar origin as Brandt’s.

XRP Descending Triangle Trend/Ali Martinez
XRP Descending Triangle Trend/Ali Martinez

However, he projected that XRP could simply retest the bottom of the triangle at $2.72. His chart further highlighted a possible consolidation within the descending triangle, filling the remaining spaces before XRP makes its next breakout.

Nonetheless, other prominent traders suggest XRP would take a bullish turn from within the descending triangle. Professor Astrones, for instance, believes the setup is “pumpy” for XRP, predicting that a breakout would take the token to $5.

The $5 target marks a new all-time high for XRP and also represents a 75% price rally from the current market level. Moreover, Altcoin Moe also has a similar target to XRP.

Cubic Analytics Founder Predicts Three XRP Price Targets Using Fibonacci Extensions

Sam Wisdom Raphael
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Cubic Analytics Founder Predicts Three XRP Price Targets Using Fibonacci Extensions

The founder of Cubic Analytics has shared his XRP price targets using Fibonacci extension levels amid the ongoing price struggles.

For context, since dropping from its $3.66 peak in July, XRP has struggled to find a solid footing despite brief recovery attempts. Over the past week, the broader crypto market has entered an impressive rebound phase, but the token has seen bearish pressure.

While Bitcoin (BTC) and BNB recently hit new all-time highs, XRP remained stuck near the $3 level. Meanwhile, as the broader market’s latest rally started to cool off, it slipped further to $2.85, with retail FUD hitting a 6-month high.

XRP Now in a Coiling Phase

Amid the recent decline, Caleb Franzen, founder of Cubic Analytics, shared his outlook for XRP during an episode of the Thinking Crypto podcast hosted by Tony Edward. 

Speaking on the current price action, Franzen described XRP’s movement as “super coiling,” suggesting that the token might be building up energy for a strong move upward. 

He reviewed XRP’s performance from December 2024 through July 2025, explaining that it had been forming a series of higher highs during that period.

For context, XRP first reached $2.9 in early December 2024 before correcting. After that dip, it rebounded to a higher high of $3.4 in mid-January 2025. Interestingly, another pullback followed, but XRP later climbed again to hit $3.66 in July 2025. 

XRP Price Targets

Meanwhile, over the past few months, from July to October, the market has tightened, showing lower highs. Franzen believes this pattern indicates a healthy cooldown before the next upward move.

XRP Price Targets Caleb Franzen
XRP Price Targets | Caleb Franzen

Franzen then presented a set of XRP price targets using Fibonacci extension levels. Specifically, the 161.8% extension points to $4.40, while the 261.8% level suggests a potential rise to $6. However, when he applied the same method to the major consolidation between the first-quarter highs and lows, he identified even higher targets of $5.40 and $11.55. 

He stressed that these levels remain valid as long as XRP holds above $2.68, which he sees as a crucial support point. If the price falls below this mark, he said traders should treat it as a bullish invalidation, meaning it could be wise to reduce exposure or slow down dollar-cost averaging. 

Analysts Discuss XRP Short-Term Price Action

While Franzen’s analysis leans bullish, other analysts see the short-term outlook differently. For instance, DustyBC said XRP showed a temporary wave of bearish sentiment after rallying over the past few days. 

He linked the pullback to the U.S. Dollar Index (DXY) strength and said a correction was a normal part of market behavior after a rally. According to him, XRP’s price has moved back into a support range between $2.8 and $2.9, an area he had previously marked on his chart. 

XRP 8H Chart DustyBC
XRP 8H Chart | DustyBC

DustyBC explained that wave (E) in the current pattern remains unfinished until the price breaks above wave (D) and advised traders to manage risk carefully while watching how the market develops.

Meanwhile, Lark Davis also said XRP continues to struggle each time it tests its descending resistance line. He noted that a breakout above the descending triangle near $3 could lead to a move toward $4. 

However, he warned that if XRP fails again, traders should watch the 20-day exponential moving average (EMA) at $2.94 for possible support. So far, XRP has already dipped below the 20-day EMA but still holds above the $2.8 psychological level.

Further, Matt Hughes commended XRP’s ability to stay firm at support despite volatility. He said the token only needs a bit more time before showing its next big move. Hughes said he expects a strong breakout once XRP clears the $3.21 resistance area.

XRP 1D Chart Matt Hughes
XRP 1D Chart | Matt Hughes

GraniteShares Files for Two New XRP ETFs; Here’s When They Could Go Live

Lele Jima
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GraniteShares Files for Two New XRP ETFs; Here’s When They Could Go Live

Global ETP issuer GraniteShares has filed with the U.S. SEC, seeking approval to launch 3x leveraged ETFs tied to XRP. 

In an October 7 filing, the company seeks to introduce two new leveraged XRP ETFs, dubbed the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF. Notably, the products will provide investors with exposure to three times the daily performance of XRP, potentially magnifying losses and gains by a factor of three.

To put this into perspective, if the price of XRP drops by 33.3% in a single day, investors in the GraniteShares 3x Long XRP ETF could lose their entire investment. Conversely, investors in the 3x Short XRP ETF could lose everything if the price rises by 33.3%.

Potential Launch Date

In addition to XRP, GraniteShares is also seeking to offer similar offerings for other established tokens, such as Bitcoin, Ethereum, and Solana. The filing is a work in progress, with several details, including the ticker symbol and management fees of the funds, still missing.

Nonetheless, the ETP issuer disclosed that the products could commence trading as early as 75 days from the October 7 filing date, pending regulatory approval. This timeline indicates a potential launch around December 21, 2025.

GraniteShares crypto ETFs
GraniteShares crypto ETFs

Similar Leveraged XRP ETFs

If approved, the GraniteShares leveraged XRP ETFs would join a growing lineup of similar products from Teucrium, Volatility Shares, and ProShares that have already launched in the United States.

Despite being leveraged products, these ETFs have garnered substantial investor interest. This is evident in the success of Teucrium’s 2x Long Daily XRP ETF (XXRP), which has accumulated $421.1 million in assets under management (AUM) since its debut in April.

Anticipation for Spot XRP ETFs Accelerates

However, investors appear more interested in the multiple spot XRP ETF applications currently on the SEC’s desk. The commission is expected to issue its final decision on some of these products, including the Bitwise XRP ETF, later this month.

However, the ongoing U.S. government shutdown, which has affected the SEC’s operations, could delay the potential launch of spot XRP ETFs. A similar delay occurred earlier this month when the regulator missed the deadline for its final decision on Canary Capital’s proposed Litecoin ETF.

Meanwhile, analysts suggest that the initial timelines for ETF approvals have become irrelevant following the SEC’s recent adoption of the Generic Listing Standards framework. The new framework provides the regulator with the flexibility to approve or deny crypto ETF applications at any time, regardless of previously established deadlines.

Professor Astrones Says XRP is Pumpy, Reveals First Price Target

Abdulkarim Abdulwahab
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Professor Astrones Says XRP is Pumpy, Reveals First Price Target

Professor Astrones, a widely followed trader in the crypto community, has identified a bullish XRP structure with the likelihood of a new all-time high.

In a recent analysis, he called the setup “pumpy,” noting that XRP is moving within a narrowing range following a strong rally earlier this year. The chart shows a descending triangle pattern, which could break upward soon.

Notably, XRP is currently trading near $2.97, holding above a strong support zone around $2.60–$2.80, an area that has repeatedly attracted buying pressure in recent weeks. As a result, XRP’s price has not fallen below $2.60 since the breakout that took it to $3.66 in July.

Key Technical Structure for XRP 70% Price Surge

Notably, Astrones’s chart highlights a descending resistance trendline stretching from the mid-2025 highs. XRP has been testing this upper boundary, but each retest is tightening the price action and reducing volatility.

XRP chart by Professor Astrones
XRP chart by Professor Astrones

Should XRP decisively break above this trendline, it could mark a continuation of its previous bullish leg. According to Professor Astrones, the $5 level is the next major price target, marking a new all-time high.

For a coin trading at $2.97 at press time, this target promises a potential gain of nearly 70% for current holders. Also, a $5 price would give XRP a market cap of approximately $300 billion, about half the current size of Ethereum.

Meanwhile, several other analysts have also shared similar price targets for XRP’s next breakout in various analyses.

What Other Analysts Are Saying About XRP Price Action

Last week, trader CryptoWZRD predicted a major XRP breakout as it consolidates near its all-time high of $3.84. He believes the longer XRP stays in consolidation, the stronger its price expansion will be upon breakout.

CryptoWZRD believes breaking the $3.66 resistance could quickly push XRP to $4.50, calling it “inevitable”. At $3.00, XRP needs just a 21% gain to break out, and a further 23% to reach the new target.

On the other hand, analyst Blake Stonks emphasizes that XRP’s bullish structure is anchored by a long-term ascending trendline that began in late 2024. 

As long as XRP stays above this line, currently near $2.50–$3.00, the uptrend remains intact. The trendline has consistently acted as dynamic support, with buyers stepping in at each dip.

Meanwhile, analyst EGRAG highlights a separate long-term resistance line, dubbed “The Chasm,” which has also been trending upward. He believes this pattern could eventually send XRP above $10 as time progresses.

Bitcoin Sets the Tone for XRP’s Move

Overall, these bullish outlooks for XRP come as Bitcoin sets the tone for a Q4 blow-off top, having reached a new all-time high above $126K. Accordingly, eyes are now on XRP to see just how high it can go.

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