XRP Price Prediction: Structure Echoes 13,000% Rally Setup

Ripple’s Expanding Ecosystem Fuels Optimism for XRP

The crypto community is shifting its interest to XRP, with analysts highlighting chart patterns that reflect previous price setups. Moreover, technicals and sentiment are combining,  as traders are optimistic that structural breakouts and regulatory catalysts will follow. If conditions align, the altcoin could be preparing for its strongest move in years.

Analyst Steph_iscrypto noted that the token’s current structure resembles a similar consolidation that preceded XRP’s historic 13,000% surge eight years ago. The asset is stabilizing within a wide accumulation zone after a sequence of impulsive rallies and controlled retracements. 

According to the analyst, these consolidation phases usually lead to upsurges if resistance levels are breached. The setup suggests that a prolonged upward movement with closes above the key resistance range would lead to a macro expansion period, like in the first half of the 2017 surge.

XRPUSD 1W CHART | SOURCE: X

Moreover, the weekly chart shows a solid base that has been formed following numerous retests. This compression tends to indicate that there is a market coiling towards a breakout. 

Technically, the long-term trend has held, and the strong reaction points to lower support for the trend. The structure remains in respect to its upward trend, with the price currently trading near the $2.50 level. If the asset breaks the upper band of consolidation and volume is confirmed, a rise towards higher macro levels can be expected.

This optimism is backed by the technical narrative from chart patterns and the cyclical behavior of a shift from accumulation to expansion. A resounding break of the current trend would lead to a new leg to $4 or higher in the next months, as long as the flow of liquidity remains high.

Ripple’s Banking Push Strengthens XRP

Ripple's ecosystem is growing, establishing institutional presence. The injection of an OCC license as a bank under the name of Ripple National Trust Bank is an indication that the company is turning into a conventional financial institution. This growth strengthens XRP's long-term credibility among investors.

SOURCE: X

Additionally, sentiment has also been revitalized by expectations of a possible spot ETF approval between today and October 25. Such an approval would be a milestone for regulatory acceptance and could bring in large volumes of institutional capital into XRP. The combination of these ecosystem catalysts forms an enabling environment for long-term market growth.

Traders Position for XRP’s Next Phase

Notably, the crypto market is showing bullish signals as traders rotate funds into stable assets. This change is supported by clear regulations and new institutional narratives. In the meantime, the accumulation of liquidity and the decrease in volatility of major pairs suggest that investors are setting themselves up for the next rally.

XRP is trading at approximately $2.40 at the time of press, while holding stable in its key structure. With the continuation of momentum and confirmation above resistance, a new bull cycle seems possible. On the whole, market sentiment, structural congruence, and an increasing institutional momentum are all indicative of a positive mid-term outlook for XRP.