Renewed optimism surrounds XRP, largely fueled by recent technical breakouts and supportive regulatory developments. Analysts are projecting significant potential gains, possibly reaching as high as $15 per token.
Technical Analysis: Multi-Year Resistance Break
Market analyst CryptoELlTES highlights 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.
Regulatory Wins Bolster XRP's US Outlook
Recent regulatory changes, such as the SEC case dismissal and the repeal of SAB 122, have bolstered XRP's outlook in the US. These events make the market more predictable for participants.
Potential US XRP ETF Approval Considered
Potential US approval of an XRP ETF is seen as a major catalyst for attracting institutional investments.
The positive technical picture, combined with favorable regulatory shifts and signs of growing institutional interest, contributes to the increasingly bullish sentiment around XRP.
