Renewed optimism surrounds XRP, largely fueled by recent technical breakouts and supportive regulatory developments

XRP has shown strong upward momentum, decisively breaking through key long-term resistance levels, while positive chart patterns appear to be forming.

Renewed optimism surrounds XRP, largely fueled by recent technical breakouts and supportive regulatory developments that have analysts projecting significant potential gains, possibly reaching as high as $15 per token.

Technical Analysis: Multi-Year Resistance Breakout Signals Upside?

Market analyst "CryptoELlTES" notes that XRP recently pushed above its long-term resistance zone near $1.95-$2.10. This price area had notably capped major rallies in both 2018 and 2021. Its apparent conversion into a new support zone is considered a significant development by chart analysts.

This breakout might also complete a multi-year cup and handle pattern—a classic technical setup often interpreted as signaling potential for sustained price increases.

Further analysis suggests XRP is currently retesting this former resistance area around the $1.63 mark, which aligns with a key 0.786 Fibonacci retracement level. If XRP manages to hold this level as support, CryptoELlTES sees potential subsequent upside targets: initially, the $8.34 price point (the 1.272 Fibonacci extension) and potentially extending to the $13.55-$15 range (the 1.414 Fibonacci extension) in the coming months.

This aligns with a broader view of significant upside potential for XRP in the mid-term.

Another positive take comes from analyst "Dark Defender" who notes that XRP appears to be forming a bullish rectangle pattern. This type of consolidation, currently observed between strong support near $1.88 and resistance around $2.50, often indicates a period of accumulation before a potential major price advance.

Historically, such rectangle patterns can precede sharp, decisive breakouts.

A confirmed break and hold above the $2.50 resistance could trigger an extended rally for XRP. Based on a 261.8% Fibonacci extension from the pattern, such a breakout might initially target the $5.85 price level.

Considering the established support near $1.88, Dark Defender sees an increased likelihood of XRP eventually challenging its all-time highs if this pattern resolves upwards as expected.

Favorable Regulatory Developments: Heating Up

Beyond the technical signals, recent legal and regulatory developments in the U.S. also contribute to the bullish narrative. Digital asset researcher "Anders" notes several shifts that could see a rise in XRP adoption.

The earlier dismissal of the SEC’s case against Ripple saw a major legal cloud over the project finally dissipate. This allows the company to fully refocus on expanding its ecosystem and forging ahead with its plans.

Additionally, the repeal of the SEC’s Staff Accounting Bulletin 122 (SAB 122) now allows regulated U.S. banks to offer custody services for digital assets like XRP. This development could benefit Ripple’s secure custody solutions and encourage wider institutional engagement in crypto.

Moreover, incoming stablecoin regulations might boost Ripple’s planned RLUSD stablecoin by enhancing its compliance profile and potentially heating up interest from traditional financial institutions in the token.

Finally, the U.S. approving spot XRP Exchange-Traded Funds (ETFs) could be another powerful catalyst.

According to prediction market data, there’s a high perceived probability of at least one major crypto ETF being approved by late 2025. Such an event would simplify investment for traditional players and potentially bring in significant institutional capital inflow. Many see this as a potential major driver to push XRP towards new price highs.

Current Market Performance

Currently (at press time, March 28, 2025), XRP trades around $2.30, with substantial 24-hour volume of nearly $2.7 billion. Despite minor pullbacks, proponents believe the broader technical structure and positive fundamental news support the bullish case discussed by analysts.

XRP’s market cap stood at $136 billion.