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Expert Predicts XRP Price When the Ripple-SEC Lawsuit Reaches a Definite End

Sam Wisdom Raphael
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Expert Predicts XRP Price When the Ripple-SEC Lawsuit Reaches a Definite End

A market analyst has predicted what he believes could be the XRP price when the SEC lawsuit finally comes to an end.

The U.S. Securities and Exchange Commission’s (SEC) lawsuit against blockchain payments firm Ripple has dragged on for over four years, as the regulatory agency insists on moving the case to appeal following the final ruling from Judge Analisa Torres last August.

Notably, several voices in the community have attributed XRP’s underperformance over the past few years to the influence of this lawsuit. Given the lawsuit’s impact on the XRP price, several analysts expect the altcoin to skyrocket to greater heights once the case ends. 

XRP Price Once SEC vs. Ripple Case Ends

Now, while the extent of this anticipated upsurge remains uncertain, XRP Healthcare’s Head of Social Adoption, Edward Farina, has presented what he believes could happen.

According to a recent disclosure from the community commentator, once the appropriate authorities announce that the SEC vs. Ripple lawsuit is over completely,the  XRP price could possibly rise to $10. For context, this would mark a new all-time high for the altcoin, which has continued to consolidate around $3 since Jan. 16.

With XRP currently changing hands at $3.12, a push to the $10 mark would necessitate a 220% rally from current levels. Considering its massive 480% upsurge from Nov. 5 to Dec. 3 on the back of the euphoria from President Donald Trump’s election victory, such a 220% uptick remains in the realms of possibilities for XRP.

In addition, in July 2023, following the summary judgment ruling, which declared XRP a non-security, the market reacted favorably. For context, XRP soared from a low of $0.4692 to a high of $0.9479 on July 13, 2023. Interestingly, this marked a 103% rise in a day, indicating how much developments around this case affect XRP price.

Meanwhile, several analysts also believe the $10 price for XRP is imminent, citing other possible catalysts. Last month, market watcher Alex Clay suggested that the XRP rally was still on track, setting an ultimate target of $10. Farina also previously warned that investors who sell XRP below $10 would likely regret the decision.

Is a Settlement Coming?

It bears mentioning that the Ripple vs. SEC case saw a final judgment last August. However, two months after the judgment, the SEC filed a notice of appeal in October 2024 and subsequently submitted its opening appeals brief earlier this month. Interestingly, Ripple has shown interest in filing a cross-appeal as the case lingers.

With these developments, some expect the case, which has had a major impact on XRP’s price, to persist beyond this year. However, speculations suggest the new SEC leadership could bring it to an abrupt end by opting for a settlement. 

Notably, these speculations gained steam when the regulatory agency removed the Ripple case from its list of active lawsuits. However, it was later discovered that this development was due to the movement of the case to the court of appeals. 

XRP Records Fastest Addresses Rise in History as Under 100 XRP Addresses Shot Up 11.6% in 2 Months

Elendu Benedict
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XRP Records Fastest Addresses Rise in History as Under 100 XRP Addresses Shot Up 11.6% in 2 Months

Price upticks have not been the only bullish event in the XRP ecosystem in the past two months; the number of retail addresses has recorded its fastest historical growth.

Prominent market intelligence platform Santiment highlighted this bullish on-chain activity in a Thursday tweet. It noted that the surging traction towards XRP has seen the XRP Ledger record its fastest small wallet surge in its over 14-year history.

Surging XRP Accumulation Among Small Wallets

This growing accumulation did not subside while XRP dipped on Monday. For context, the crypto asset briefly capitulated to $2.6544 on the day but has rebounded over 16% since then.

Specifically, the number of wallets holding under 100 XRP has grown at its most sustainable and rapid rate in the ecosystem’s history. Per Santiment, this caliber of holders has ballooned 11.6% in the past two months amid surging prices.

The commentary further revealed that addresses with less than 100 XRP now control 4.34 million non-empty wallets on the XRP Ledger. This impressive number accounts for about 71.5% of the 6.07 million total wallets on the XRPL network.

Surge in Under 100 XRP Holders

Interestingly, XRP has extensively rewarded the growing traction with a nice pump. Specifically, the asset has surged over 85% during the two months of rapid wallet growth, swinging from under $2 to $3.39 before relinquishing some of its gains.

Market Top?

Meanwhile, Santiment clarified an inquiry if the retail influx into the XRPL network indicated that the asset has topped. For perspective, history suggests that retail presence signals a bull cycle is nearing its peak.

The firm highlighted that although such accrual might indicate FOMO, the bullish events in the XRP ecosystem suggest the asset is fairly valued. Notably, positive occurrences like the launch of the Ripple USD (RLUSD) stablecoin and growing institutional appetite for the XRP, evident in the increasing exchange-traded funds (ETFs) filing, have spurred its meteoric rise.

Nonetheless, analysts expect these unfolding events to spur further upsides. For instance, market analyst Egrag recently speculated that XRP will attain a realistic value of $31.

In the meantime, XRP trades at $3.0898, down nearly 2% in the past day.

Top American Exchange Recognizes XRP HODLers’ Patience, as XRP Can Finally See an ETF Coming

Sam Wisdom Raphael
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Top American Exchange Recognizes XRP HODLers’ Patience, as XRP Can Finally See an ETF Coming

Leading American crypto exchange Kraken has finally acknowledged the enduring patience of XRP holders amid recent XRP ETF moves.

Following Grayscale Investments’ filing to convert its XRP Trust into a spot Exchange-Traded Fund (ETF), Kraken took to X to commend the steadfastness of XRP proponents. 

Kraken Responds as Grayscale Looks to Launch XRP ETF

In the post, Kraken acknowledged the patience of XRP holders, sharing an image of a dog relaxing in the sun within a serene environment. The exchange suggested that long-term XRP investors were finally nearing the launch of an ETF.

The post struck a chord with the XRP community, with pro-XRP attorney and former Massachusetts Senate candidate John Deaton remarking that long-term holders, who had waited for seven to eight years, had earned a moment of optimism.

Notably, Grayscale’s recent filing represents a major milestone for XRP. As reported by The Crypto Basic earlier this morning, on Jan. 30, NYSE Arca introduced a filing with the U.S. SEC, seeking to convert Grayscale’s XRP Trust into a spot ETF. 

The timing of these developments coincides with a notable change in the SEC’s leadership. The new crypto-friendly SEC has led to speculation that pending XRP ETF filings may receive prompt approval. 

XRP ETF Imminent?

Adding to the optimism, the Chicago Mercantile Exchange (CME) inadvertently triggered discussions about the potential launch of XRP futures contracts. A beta page on CME’s website briefly displayed information suggesting that XRP and Solana (SOL) futures contracts were slated for a Feb. 10 release. 

CME later responded to the incident, explaining that it unintentionally posted the information on a test version of its website. The company clarified that the beta environment includes various placeholder content and confirmed that they had made no official decision regarding the launch of XRP or Solana futures contracts.

Despite the clarification, the incident fueled speculation within the community. It bears mentioning that Bloomberg ETF analyst James Seyffart previously noted that the introduction of futures contracts precedes the launch of ETFs, as observed with Bitcoin and Ethereum. 

Notably, the momentum for XRP ETFs has been building since Q4 2024. In October 2024, Bitwise filed an S-1 registration statement with the SEC, aiming to introduce the first spot XRP ETF. 

Following suit, 21Shares submitted a filing for its Core XRP Trust in November 2024, and WisdomTree entered the fray with its own application in December 2024. 

In parallel, the legal atmosphere around XRP has seen major developments. The protracted lawsuit between Ripple Labs and the SEC has been a focal point for the crypto industry, as it enters the appeal phase.

Notably, the case no longer contests XRP’s status as a security, as it has been established that XRP itself is not a security. With the new SEC leadership in place, there is speculation that a settlement is imminent, potentially removing any lingering legal uncertainties over XRP.

Cardano Founder Seeks to Influence Wyoming Politics After Stablecoin Project Snub

Okoya David
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Cardano Founder Seeks to Influence Wyoming Politics After Stablecoin Project Snub

Cardano founder Charles Hoskinson wants to become a major power broker in Wyoming politics after feeling wronged by the system.

Cardano founder Charles Hoskinson has never been one to let things slide. Over the past two months, the crypto founder has called out the blockchain selection process for the state of Wyoming’s Stable Token (WST) project, arguing that it was unfair and biased after his project was snubbed.

Now, the crypto billionaire looks set to put his money where his mouth is.

If You Can’t Beat the System, Influence It?

Cardano founder Charles Hoskinson wants to become a major power broker in Wyoming politics after feeling wronged by the system.

In statements to a local news outlet, Hoskinson asserted that he intends to launch a Political Action Committee (PAC) in the state this year.

No surprise, the primary purpose of the PAC will be to influence bidding policies in the state. Specifically, he asserts that he wants to support candidates who can bring more transparency to the process.

Hoskinson shares report of his Wyoming PAC plans
Hoskinson shares report of his Wyoming PAC plans. Source: X

Indeed, Hoskinson alludes to the WST Committee’s decision to take bids from only pre-qualified vendors, which included Avalanche, Ethereum, Solana, Stellar, and Sui, but excluded Cardano as a catalyst for the move.

“That is not procurement, that is a no bid contract built to benefit a small group of people,” he asserted.

A Big Conspiracy?

In Hoskinson’s telling, the exclusion of Cardano from the process was part of a big conspiracy between former employees of leading Ethereum developer ConsenSys, stablecoin issuer Circle, and leading asset manager BlackRock to tip things in favor of Ethereum and incumbent stablecoin issuers.

The Cardano founder specifically points fingers at Anthony Apollo, the executive director of the WST Commission, as the driver of this effort. Apollo’s background includes several years leading several departments at ConsenSys.

While Apollo asserts that Cardano passed four of five criteria for the bid but did not make the cut because it failed the asset freeze and seize test, Hoskinson faults the commission for not making these criteria public in the first place and not giving projects a chance to display their capabilities.

Hoskinson asserts that a lack of transparency in these processes could allow big firms to continually take advantage of the state. 

The Cardano founder meanwhile believes that the WST project in its current form is doomed to fail due to its lack of transparency and its plans to use a meager $5.8 million budget to compete with private firms making billions annually. He asserted that the best course of action would be to go back to the drawing board, of course, this time with a more transparent procurement process.

A Successful Playbook?

The Cardano founder’s planned Wyoming effort borrows a page from the crypto industry’s successful multimillion-dollar PAC strategy last year that saw the election of several pro-crypto candidates who are currently driving a wave of pro-crypto policy.

Beyond the perceived WST project slight, Hoskinson has a significant stake in Wyoming. For one, he has family in the state. At the same time, he also owns a ranch and a health clinic in the state.

Bitcoin Lightning Network Now Supports USDT for Scalable Stablecoin Transactions

Albert Brown
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Bitcoin Lightning Network Now Supports USDT for Scalable Stablecoin Transactions

Tether has expanded its reach within the Bitcoin ecosystem by integrating USDT with the Bitcoin base layer and the Lightning Network.

The integration, powered by Taproot Assets and developed by Lightning Labs, aims to enhance the functionality of stablecoins on Bitcoin.

By leveraging Bitcoin’s security and decentralization along with the speed and efficiency of the Lightning Network, this integration enhances transaction capabilities. It will facilitate high-speed, low-cost transactions within the ecosystem.

USDT Expands into Bitcoin Lightning Network

USDt, the largest stablecoin in circulation, will now operate seamlessly across Bitcoin’s base layer and its Layer 2 Lightning Network. This development combines Bitcoin’s security features with the scalability and efficiency of Lightning-enabled payments.

The integration is expected to support over 350 million users globally, offering a seamless transactional experience for developers and users alike.

Taproot Assets, the new protocol underpinning this integration, enables Bitcoin to support tokenized assets such as USDt without compromising decentralization. This feature enhances Bitcoin’s functionality by introducing stablecoin transactions directly into its ecosystem, supporting use cases such as microtransactions, remittances, and cross-border settlements. 

The introduction of USDt to Lightning represents a step toward a more scalable and efficient Bitcoin-based financial system. In CEO Paolo Ardoino’s words:

“Enabling USDt on the Lightning Network reinforces Bitcoin’s foundational principles of decentralization and security. It also creates practical solutions for remittances, payments, and other financial applications that demand speed and reliability.”

Tether’s Strategic Expansion 

The USDt integration comes amid Tether’s exploration of potential expansion into the United States. The company has signaled interest in the U.S. market following a year of strong financial performance and shifting political sentiment favoring crypto. 

According to reports, Tether’s interest aligns with the election of pro-crypto leadership and the firm’s growing investment portfolio in high-profile companies. Despite these moves, the company remains cautious about direct U.S. expansion, citing the need for clearer regulatory guidelines. 

Tether Relocates Corporate Headquarters

Meanwhile, Tether has officially relocated its corporate headquarters to El Salvador, a Bitcoin-friendly country. 

Notably, the move follows the company’s successful acquisition of a license to operate as a digital asset service provider in the country. Tether’s senior leadership, including its co-founders, will also relocate to El Salvador as part of the transition.

Grayscale Officially Seeks SEC Approval to Convert XRP Trust into an ETF

Abdulkarim Abdulwahab
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0
Grayscale Officially Seeks SEC Approval to Convert XRP Trust into an ETF

A Grayscale XRP ETF, one of the most anticipated products in the XRP community, is now on track to become a reality.

On Thursday, the New York Stock Exchange filed a registration statement with the U.S. SEC, formally requesting permission to list and trade the Grayscale XRP Trust on the exchange. This move paves the way for the Grayscale XRP Trust to be converted into an ETF.

Grayscale XRP Trust Upgrading to an ETF

Notably, this action comes a few months after the re-launch of the Grayscale XRP Trust in September 2024. The product saw remarkable success in the last quarter of 2024, ending with over 300% gains.

Furthermore, the filing highlighted that the Grayscale XRP Trust is one of the largest XRP investment funds globally, holding around $16.1 million in assets under management.

The Trust provides U.S. investors with a way to gain exposure to XRP without the hassle of directly managing cryptocurrency. It issues shares that represent a proportional interest in its XRP holdings minus expenses. Also, the value of these shares is tied to the market price of XRP. 

Crucially, the Trust does not actively trade or attempt to profit from XRP’s price fluctuations. Instead, it is a passive vehicle that solely tracks the value of XRP with minimal management.

With the planned upgrade to an ETF, investing in XRP will become even more accessible, offering broader access to a wider range of investors. The ultimate goal is to convert the Trust into a regulated ETP, providing easier access to XRP via traditional stock exchanges.

Other Asset Managers Seeking XRP ETF

Earlier this week, CoinShares applied to the SEC to launch an XRP ETF called the CoinShares XRP ETF. It also aims to track XRP’s performance via the Compass Crypto Reference Index. 

If approved, the ETF will trade on the Nasdaq, with shares issued in blocks of 5,000. CoinShares is the sponsor, and CSC Delaware Trust Company is the trustee. 

With this move, CoinShares joins other firms like Bitwise and WisdomTree in seeking SEC approval for XRP ETFs.

Shiba Inu Team Burns 1 Billion SHIB, Upgrades Burn Portal

Lele Jima
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0
Shiba Inu Team Burns 1 Billion SHIB, Upgrades Burn Portal

The team behind the Shiba Inu ecosystem has incinerated 1 billion SHIB tokens to celebrate the launch of ShibTorch V2. 

In a startling development, the Shiba Inu ecosystem team introduced ShibTorch V2, an upgraded burn portal designed to streamline the process of burning SHIB tokens. The upgraded portal is part of the evolving Shiba Inu Operating System (Shib OS). 

Following the upgrade, the portal now offers a suite of enhancements designed to streamline the burning process, bolster security, and strengthen community participation within the ecosystem. 

The development comes five months after the original iteration’s launch, which debuted on August 16, 2024. Despite the upgrade, the portal still retains the core functionality of the initial version, which enables users to participate in reducing the circulating supply of SHIB to potentially increase its market value. 

ShibTorch V2, now accessible through Shib.io, allows any user to initiate the burn process after the designated burn contract reaches the predetermined amount of BONE obtained through the Shibarium base fee. 

Key Features of the Upgrade 

The newly introduced features include advanced swap routing for optimal BONE-to-SHIB conversions and slippage protection to maximize burn efficiency. 

Additionally, the upgrade introduced an efficient POS bridge, replacing the original plasma bridge. For context, while the plasma bridge required three steps to bridge tokens like BONE between Ethereum and Shibarium, the new POS bridge completes the same task in two steps. 

Furthermore, the SHIB burn portal saw technical enhancements as it has now transitioned to Solidity 0.8.24. The team also enhanced the portal’s security through the latest upgrade to bolster its reliability. 

Team Burns 1B SHIB to Celebrate ShibTorch V2 Launch 

Interestingly, the team announced the incineration of 1 billion SHIB tokens valued at  $18,580 to celebrate its latest progress. 

Kaal Dhairya, a popular developer of the Shiba Inu ecosystem, announced the move yesterday, noting that the burn was initiated through the deployer. 

Shiba Inu’s lead developer, Shytoshi Kusama, also confirmed the incineration of the 1 billion SHIB tokens in a separate X post. According to on-chain data, the team executed the burn yesterday at 4:34 p.m. (UTC). 

Burn Rate Soars 7,240% 

This transaction boosted the number of tokens burned over the past 24 hours to 1,104,706,719 (1.1 billion), with the burn rate soaring 7,240% from the previous day’s record. 

Meanwhile, ShibTorch has removed 361,982,586 (361.98 million) SHIB from circulation since its debut on August 16. This represents 0.0000881285% of the total tokens incinerated from Shiba Inu’s supply so far. 

Despite the recent burn, SHIB is still down 7.74% over the past week, with the token currently trading at $0.00001858. 

More Liquidity Comes to XRP as RLUSD/XRP AMM Pool Goes Live, Claims $423K Liquidity in Few Hours

Sam Wisdom Raphael
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More Liquidity Comes to XRP as RLUSD/XRP AMM Pool Goes Live, Claims $423K Liquidity in Few Hours

The XRPL community witnesses the launch of the RLUSD/XRP AMM pool, boasting impressive liquidity after a few hours, as AMMClawback goes live.

The XRP Ledger (XRPL) has reached a major milestone with the activation of the AMMClawback amendment. The long-awaited update has enabled the creation of automated market maker (AMM) pools for RLUSD, Ripple’s USD-pegged stablecoin. 

Interestingly, within hours of going live, the RLUSD/XRP AMM pool, one of the RLUSD-paired pools, has attracted over $423,000 in total value locked (TVL). This shows strong demand and liquidity growth for the ecosystem.  

AMMClawback Goes Live

The AMMClawback amendment officially went live on the XRPL mainnet yesterday, as reported by The Crypto Basic. XRPScan, a blockchain explorer for the XRP Ledger, revealed the activation on X, confirming that the long-anticipated change was now in effect.  

In response, David Schwartz, the Ripple CTO, expressed excitement about the implementation of the feature. This confirmed the importance of the upgrade, which removes a major limitation that previously restricted RLUSD from participating in XRPL’s AMM pools.  

For context, before this amendment, RLUSD and other tokens with clawback features were barred from AMM pools, restricting their liquidity potential. The new update removes this barrier while ensuring issuers retain control over compliance measures. 

RLUSD/XRP AMM Pool Gains Rapid Traction

Shortly after the AMMClawback amendment became active, an RLUSD/XRP AMM pool launched on the XRPL DEX. Vet, a dUNL validator on the XRPL, confirmed the launch of this pool along with three others featuring RLUSD trading pairs. 

Hours later, Vet provided an update on the XRP/RLUSD pool’s performance, revealing that its total value locked had already reached $220,000. In an effort to express his optimism, the validator stressed that every large milestone starts with smaller steps such as these.

As trading activity increased, the liquidity of the XRP/RLUSD AMM pool has since skyrocketed. Data from XPMarket, an XRPL analytics platform, showed that the pool’s TVL has now climbed to approximately $423,000 in just a few hours. 

RLUSDXRP AMM Pool XPMarket
RLUSDXRP AMM Pool | XPMarket

At press time, the breakdown of assets reveals that the pool features 68,662 XRP worth $211,637, and 209,934 RLUSD, also worth $211,637. Despite the strong liquidity, some traders have raised concerns over the 0.93% trading fee for the pool. 

Beyond the XRP/RLUSD pool, several other RLUSD-based AMM pools have sprung up. Currently, there are 14 RLUSD pairs, but only a few have attracted considerable liquidity. 

Apart from the XRP/RLUSD pool, which holds $421,000 in value, the RLUSD/XPM pool has accumulated $12,100, while the BRB/RLUSD pool holds around $1,900. Most other pools have less than $200 in locked assets.  

Standard Custody CEO Notes RLUSD’s Growth 

Meanwhile, the AMMClawback amendment is one of several recent developments highlighting the growing adoption of the RLUSD stablecoin.

Recently, Jack McDonald, CEO of Standard Custody, a Ripple subsidiary and the issuer of RLUSD, recently discussed the stablecoin’s growth. He noted that RLUSD had already reached a market cap of nearly $100 million just over a month after its launch.  

McDonald reassured the community about RLUSD’s backing, explaining that it is fully over-reserved. The stablecoin is backed by U.S. dollar deposits, short-term government securities, and other cash equivalents. The Crypto Basic confirmed this in a previous report.

The Standard Custody CEO stressed that Ripple currently holds approximately $6 million more in reserves than the total RLUSD supply. This over-collateralization ensures that the system can meet all redemptions efficiently.  

Additionally, McDonald reiterated Ripple’s commitment to transparency, stating that they plan to publish monthly independent attestations to maintain trust and compliance with regulatory standards. 

As XRP Breaches BMSB Analyst Sets Practical XRP Target of $31

Sam Wisdom Raphael
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0
As XRP Breaches BMSB Analyst Sets Practical XRP Target of $31

Market analyst EGRAG Crypto believes XRP has the potential to reach two-digit figures on conservative estimates after breaching the BMSB.

Notably, XRP has shown resilience over the past two weeks, holding firm at $3 despite market uncertainties. The digital asset first reclaimed this level on Jan. 15, marking the first time in seven years it had reached this price. 

Since then, it has consistently bounced back whenever it dipped toward the upper $2 range, and this confirms strong market support. At present, XRP is trading at $3.08, slightly down by 1.26% in early trading today, still maintaining the $3 support.

With this strong support, analysts have become particularly confident in XRP’s potential, predicting a major price jump. One of them, EGRAG Crypto, has presented ambitious price targets for XRP, calling attention to important indicators.  

XRP Holds Above the Bull Market Support Band  

In his recent analysis, EGRAG confirmed that for the first time ever, XRP is looking to close a six-month candle above a technical structure called the Bull Market Support Band (BMSB). Such a move would be extremely bullish because it would confirm XRP’s resilience and bullish position.

For context, XRP began the current 6-month candle this month, January 2025, and it started this candle above the BMSB, with a price of $2.07. Amid the run to $3 on Jan. 15 and the persistent resilience above this level, XRP looks set to close the 6-month candle atop the BMSB.

XRP 6M Chart EGRAG Crypto
XRP 6M Chart | EGRAG Crypto

According to EGRAG, the lower end of the band sits at the $2 mark. However, he stressed that, based on statistical and technical analysis, it is not likely for XRP to slump below this level.  

However, EGRAG admitted that extreme global events, such as major cyberattacks, wars, or economic crises, could trigger a broader market crash. Barring such unpredictable circumstances, XRP appears well-positioned for substantial gains in the coming months.  

Conservative and Practical XRP Targets

Amid this bullish outlook, EGRAG Crypto identified two price targets. His predictions rely on a symmetrical triangle that had dictated XRP’s price movements since 2017 on the 6-month timeframe. Interestingly, XRP broke out of this triangle in the previous 6-month candle and is now well above it.

The first target is a conservative one and considers the midpoint of the triangle. If XRP follows this path, the price could rise to at least $8 and possibly as high as $13. EGRAG believes this is a very achievable target. From the current level, XRP would need to rise 159% to 322% to reach this target range.

Meanwhile, a more aggressive projection considers the full height of the triangle, predicting a target of $27 to $31. If XRP follows this pattern. The asset must appreciate by 776% to 906% from current levels to claim this target range.

Analyst Predicts Month for XRP Massive Gains, Says XRP Has the Most Bullish Monthly Char

Albert Brown
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0

An analyst has suggested that XRP has the most promising monthly chart patterns, confirming an imminent rally to new peaks.

In the past 24 hours, XRP has sustained its bullish trend despite a recent market correction. At press time, the digital asset traded at $3.12.

Over the past month, XRP’s performance has been more pronounced, surging by 54.2%. This performance has notably attracted the attention of an analyst who has identified its chart as one of the most bullish.

XRP Bullish Breakout and Market Outlook

In a tweet, analyst Rafaela Rigo reviewed XRP’s movement since last year and described its monthly performance as the most bullish among other crypto assets. 

The chart illustrates a significant breakout pattern. XRP’s long-term consolidation phase, which has persisted since 2018 following its all-time high, has now been decisively broken.

The digital asset has cleared major resistance zones, confirming a trend reversal. Per the analyst’s chart, the next upside target stands at $3.50, representing a 12.90% increase from current levels.

According to the analyst, February promises a massive upside for XRP.

Tightening Volatility Signals Breakout

Meanwhile, another analyst has observed XRP entering a phase of tightening volatility, marked by a narrowing price range. Specifically, analyst Ali Martinez observed a contraction in the Bollinger Bands on the 12-hour chart. Historically, such a pattern suggests an imminent major price move.

Notably, XRP’s price dropped to $2.70 in mid-January before recovering to its current trading range. With volatility compressing, market participants anticipate a breakout in either direction.

Martinez did not specify whether the breakout would favor bulls or bears, leaving traders watching for confirmation signals.

Resistance and Potential Downside Risks

Elsewhere, market analyst Nebraskangooner pointed out that XRP recently faced rejection at the 1.337 Fibonacci extension level of $3.221. The rejection resulted in a price pullback, leading to what the analyst described as a “bull trap fib.”

The analyst noted that XRP’s price action would likely remain sideways unless it decisively surpasses this resistance level. A successful breach could push prices higher, while failure to reclaim the level may increase downside risks.

According to the accompanying chart, if bearish momentum strengthens, XRP could decline toward $1.9622.

Meanwhile, support at the $3 region has so far prevented further downside, with large holders accumulating at this level.

Analyst Egrag Crypto observed that buying pressure resurfaces whenever XRP briefly drops below $3. This ongoing accumulation suggests that bulls remain committed to defending the key demand zone.

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