Market Experts Attribute Optimistic XRP Price Projections to Strong Technical Patterns and Favorable Legal Developments

Renowned crypto analyst Egrag Crypto has identified a key bullish indicator on XRP's chart—an Inverse Head and Shoulders (H&S) pattern.

Crypto market experts are attributing these optimistic projections to strong technical patterns and favorable legal developments, despite recent price fluctuations.

Bullish Patterns Indicate a Potential XRP Rally

Renowned crypto analyst Egrag Crypto has identified a key bullish indicator on XRP's chart—an Inverse Head and Shoulders (H&S) pattern. According to Egrag, this formation could propel XRP to $4.60, provided the price maintains crucial support levels. "The pattern remains valid until April 20, 2025, making the coming weeks pivotal for XRP's trajectory," he noted.

The newly formed head and shoulder pattern could propel the XRP price to $4.60. Source: EGRAG CRYPTO via X

For XRP to sustain its bullish momentum, it must hold support at $2 and reclaim $2.65 as a stable level. If achieved, the next resistance point stands at $3, with a successful breakout potentially driving the price toward the $3.73–$3.90 range. Should bullish momentum persist, the ultimate target of $4.60 may come within reach.

However, Egrag cautioned that such a move could trigger a distribution phase, where major holders sell off their assets, potentially leading to a price correction.

XRP is targeting $27 in the long run, with a breakout from a 'W' formation and a month of parabolic price movements ahead. Source: EGRAG CRYPTO via X

As XRP continues to garner attention, investors are closely watching key technical levels and market developments that could dictate its next major move.

Diverging Views: Peter Brandt Warns of a Bearish Reversal

While the majority of analysts believe XRP is going to trend upwards, veteran trader Peter Brandt has a different view and warns of a possible drop that could see it reach $1.07 if key support levels are broken.

XRP's chart shows a complex H&S top, potentially bullish above $3.00, but it could decline to $1.07 if it fails. Source: Peter Brandt via X

According to Brandt, a drop below $1.90 would validate the bearish scenario, while a breakout above $3 would render it invalid. As XRP's price currently oscillates between $2.10, traders are on the lookout for both bullish and bearish scenarios.

Analysts Predict Massive Gains for XRP

Other market experts remain strongly bullish on XRP's long-term potential. Crypto analyst Javon Marks has forecasted a 570% price surge, projecting a target of $16 if historical market cycles repeat. He highlighted the Relative Strength Index (RSI) breakout as a key indicator supporting this prediction. "If XRP mirrors its previous bull cycle, we could see exponential growth," Marks stated.

XRP is in Wave 4 of its monthly Elliott Wave structure, nearing completion before resuming its upward targets. Source: Dark Defender via X

Furthermore, Dark Defender has mapped out a multi-wave rally that could take XRP to $5.85–$8.07 in the coming months, with a long-term projection of $23.20. He emphasized that XRP's price remains in an uptrend on higher timeframes, reinforcing the case for further gains.

Legal Victory Strengthens XRP's Market Outlook

Raveling through the market chatter, it is evident that an optimistic tone prevails. This optimism stems from recent legal clarity achieved by XRP, which has significantly improved market sentiment. The resolution of the XRP lawsuit has removed a major regulatory hurdle, potentially opening the doors for greater institutional adoption.

"The legal uncertainty surrounding XRP has held back its true value for years," noted a market analyst. "Now, with the SEC lawsuit behind it, XRP is better positioned to compete with Bitcoin and Ethereum."

Ripple's ongoing partnerships, including collaborations with major financial institutions like Bank of America, further bolster the asset's long-term potential. The increasing use of Ripple's blockchain technology in cross-border payments could add to XRP's utility and demand.

In the future, analysts project 2025 to be a year of breakthrough for XRP. A persistent uptrend might push prices to $7, with potential spikes higher. A final rally in the last quarter could propel XRP to $20, setting the stage for a massive 2026, where analysts predict a potential surge to $100. However, such a move could trigger a distribution phase, where major holders sell off their assets, leading to a return to the $40–$60 range.

From there, the price is expected to stabilize and continue its ascent toward the $100 level. Ultimately, if all technical patterns align perfectly and bullish momentum remains strong, the possibility of XRP reaching $500 in the long term cannot be ruled out. Nonetheless, technical analysis should be used in conjunction with