XRP has been consolidating between a resistance level of $2.5 and a support level of $2.2, keeping investors on edge. Currently, XRP is priced at $2.43, with a market cap of $140.83 billion and a 24-hour trading volume of $5.5 billion. The big question remains: Will XRP break out soon, or is it set for another struggle?
How Will the SEC Meeting Impact XRP?
The SEC remains a key player in shaping XRP’s trajectory. A closed-door meeting on February 13 has fueled speculation that discussions might include:
- The SEC’s potential appeal against the Programmatic Sales ruling in the Ripple lawsuit.
- The ongoing Empower Oversight lawsuit demanding more transparency on the SEC’s crypto-related conflicts.
- The possible acknowledgment of Grayscale’s XRP ETF application.
With Gary Gensler stepping down and Mark Uyeda as acting Chair, the regulatory landscape remains uncertain. However, some analysts believe a final decision on the Ripple lawsuit appeal may be delayed until Paul Atkins takes over, which could shift the SEC’s stance on crypto policies.
Could an XRP ETF Approval Send Prices Soaring?
One of the most anticipated events for XRP is the potential approval of a Grayscale XRP-spot ETF. If approved, it could drive institutional investment, much like Bitcoin and Ethereum ETFs. Grayscale’s XRP Trust currently holds $16.1 million in assets, but a transition into an ETF could significantly increase trading volume and demand.
As per Polymarket data, 81% of predictions favor XRP ETF approval in 2025, but recent uncertainty has led to a consolidation in market sentiment.
XRP Price Forecast: A Bullish Breakout Ahead?
According to Ali Martinez, XRP has formed a symmetrical triangle breakout on the weekly chart, signaling a bullish trend. Key Fibonacci retracement levels indicate resistance at $2.75, $6.08, $9.22, and $16.73, with a potential price target of $15 based on historical patterns.
Possible Scenarios for XRP Price Movement
🔵 Bullish Outlook
- If XRP breaks above the $2.50 resistance, the next targets could be $3.00 and $3.50.
- A successful close above $3.50 could trigger a rally toward $5 or even $10, especially if market sentiment remains strong.
🔴 Bearish Outlook
- If XRP fails to hold the $2.2 support, the price could slide toward $2.00 or even $1.00 in a worst-case scenario.
- Despite a surge to $3 in January 2025, a lack of momentum could cause a pullback before another breakout.
Final Thoughts: Is XRP Preparing for a Major Rally?
Analysts suggest that XRP is nearing the end of a long-term consolidation phase that began in 2018. If this cycle holds, the coming months could see a parabolic breakout, especially with potential ETF approval and regulatory clarity.
For now, XRP remains at a critical juncture, with both bullish and bearish factors in play. Investors should watch for key resistance levels and regulatory updates, as these could dictate XRP’s next big move. 🚀
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