XRP News Today: XRP Targets $8 Breakout as Ripple Advances

written by TheFeedWired

XRP, the digital asset associated with Ripple, is on the cusp of a significant breakout, according to a recent analysis by a prominent crypto analyst. The analyst, Maxi, has identified a long-term bullish formation that mirrors a previous market structure seen in 2017. This pattern suggests a potential breakout with a long-term target of $8.00.

The chart analysis highlights two distinct symmetrical triangle formations. The first, which formed between 2014 and 2017, resulted in a breakout that propelled XRP to its all-time high in early 2018. Following this explosive move, the asset entered a multi-year downtrend and consolidation period, eventually stabilizing around $0.55.

The second triangle pattern, spanning from 2021 through 2024, has recently been broken, indicating a potential upward movement. Maxi’s analysis emphasizes Fibonacci extension levels, which align with the 2017 pattern. In the previous cycle, XRP reached the 1.382 Fibonacci extension following its breakout.

Applying the same methodology to the current setup, the $8.00 target appears as a symmetrical projection. This technical analysis is further supported by momentum indicators, such as the Relative Strength Index (RSI) and the 1-month 50-period moving average (MA50), which have shown historical spikes and structural support during previous rallies. The current price structure of XRP mirrors a stealthy bull flag pattern, indicating a major breakout in the near future.

This optimism is bolstered by Ripple’s recent advancements in global partnerships and regulatory clarity. The company has made significant strides in expanding its ecosystem and settling regulatory hurdles, which has increased confidence in the long-term prospects of XRP. Some analysts project that the token could surge to $15 by the end of 2025 and climb further to $26.50 by 2030, according to the analyst's forecast.

Technical charts indicate a consolidating price pattern, with XRP moving tightly between $2.16 and $2.19. Key resistance lies at $2.25 to $2.30, and a break above this zone could open the door for a move toward $2.30 and beyond. On the flip side, a failure to hold $2.06 support could push XRP back to the $1.95 zone, marking a bearish continuation of its mid-term downtrend.

Despite subdued momentum, a clean break above $2.20 could trigger upside momentum, particularly if it’s accompanied by increased volume. The resolution of the long-running XRP lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has been a pivotal catalyst for this renewed XRP bullishness. The parties agreed on a $50 million settlement, which many consider a major victory for Ripple and a step toward clearer regulations in the crypto space.

This settlement is also fueling hopes for an XRP ETF, with WisdomTree’s application currently under review. A decision is expected by January 2026, with approval chances reportedly above 85% amid increasing political support for crypto assets. Ripple’s own stablecoin, RLUSD, introduced towards the end of 2024, has a market cap of over $381 million.

Fees collected in XRP and then burned, taking supply off the markets, potentially adding to XRP value in the long run. Additionally, Ripple is building out its infrastructure with upgrades to the XRP Ledger (XRPL), including decentralized identity capabilities, price oracles, and interoperability across 69 blockchains. These updates have the potential to significantly increase the use and functionality of the Ripple ledger and make it a staple in cross-border payments and tokenization.

Ripple’s political ties have also played a part in reshaping its image. In early 2025, Ripple CEO Brad Garlinghouse had an audience with President Trump, calling it a “strong start to 2025.” Ripple also made headlines by giving Trump’s inauguration fund the largest crypto donation ever of $5 million worth of XRP. This participation in internal discussions is a deeper incorporation into American policy and finance, especially in crypto treasury planning and blockchain uptake debates.

Aside from short-term technical fluctuations, the bigger picture for XRP remains positive. With increasing institutional take-up, positive Ripple lawsuit updates, regulatory clarity, and potential ETF approval, XRP appears poised to position itself for a dramatic rally in the years ahead. If rosy estimates come to fruition, XRP price can indeed reach $15 by 2025 and $26.50 by 2030, according to the analyst's forecast, reinstating investors’ confidence in the token’s long-term function.

As always, investors must be on the lookout for macroeconomic trends, prevailing SEC Ripple updates, and breaking Ripple news if they are to surf the evolving world of XRP.

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