Can XRP Rally Again After Its Pullback?
Multiple analysts have observed that XRP recently broke out of a multi-week flag consolidation zone, which formed after the price climbed from $2.10 to $3.60. In classical technical analysis, this pattern typically suggests a trend continuation. Analysts project price targets in the $15 to $17 range, representing nearly 500% gains.
(Source: ali_charts)
ETF Launches and Regulatory Legislation Drive Positive Momentum
Institutional demand for XRP has surged, especially following the launch of the XRP futures ETF by ProShares. The recent push in the U.S. Congress for the CLARITY Act and the GENIUS Act marks a significant step toward clearer crypto regulation, helping to mitigate the legal risks facing XRP. Additionally, the RLUSD stablecoin, built on the XRP Ledger, was recently introduced, highlighting its reserve backing and greater transparency. This marks a significant development for DeFi.
Ongoing Whale Accumulation and Structural Support
On the technical side, the MACD still signals an ongoing uptrend, while the RSI has retreated from overbought levels, providing bulls with renewed opportunities. On-chain data confirms that large addresses are steadily increasing their holdings. This indicates that whales are accumulating XRP.
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Price Targets and Outlook
While the short-term pullback isn’t over yet, most analysts agree that if XRP can stabilize above $6, it could open the door to higher price ranges. Considering both technical and fundamental factors, this correction may precede a larger market move.
