Stacking fundamental catalysts and technical indicators are fueling a growing number of bullish XRP price predictions.
The altcoin is seeing surging speculative demand, with Open Interest picking back up 20% over the past week as traders actively engage with price movements.
XRP Open Interest. Source: Coinglass.
These derivative traders appear to be positioning for a continuation, with a long/short ratio of 3.1 on Binance showing over 75% of traders are betting on price increases.
Smart money is doubling down on XRP. Over the past 72 hours, whales have accumulated over 320 million XRP, a testament that there are still significant gains on the table.
This confidence follows the permanent resolution of XRP issuer Ripple’s five-year legal battle with the SEC.
Sentiment is warming too, with mounting expectations of U.S. interest rate cuts, even as hotter-than-expected PPI inflation reveals the effect of U.S. tariffs on wholesale prices.
Market watchers still anticipate cuts starting as early as September, with the potential to unlock fresh inflows into risk assets like cryptocurrencies, but aggressive cuts are now in question.
XRP Price Analysis: 130% Setup Now in Play?
If hopes for a September rate cut are realised, XRP could gain the fuel needed to break out of an eight-month cup-and-handle pattern.
XRP / USDT 1-day chart, cup-and-handle pattern. Source: TradingView, Binance.
The hot PPI reading has sparked profit-taking and shaken out weak hands, yet XRP holds support at $3, keeping the door open for continuation.
Momentum indicators have not flipped fully bearish. The RSI has cooled to hover around 50, offering a stronger platform for growth as bulls guide the current move.
While a short-lived golden cross shows another leg up has yet to form, the MACD sits just below the signal line, hinting at a weak bearish presence.
A sustained move higher would put XRP on course to challenge its 2018 all-time high of $5.56, opening the way for new price discovery.
Fully realised, the pattern points to a potential $7 target, marking a 130% gain from current prices.
However, for this to pan out in the short term, XRP will likely need significant new demand, such as that of TradFi markets with 401(k) inclusion and early spot XRP ETF approval alongside rate cuts.
There Are Bigger Setups than XRP’s – Here’s How to Find Them
The altcoin market is pumping right now, and those who back the wrong horse are missing out on substantial gains as fresh retail liquidity floods in.
While the XRP price stands to see a 2x rally to $6 as the bull market matures, low-cap meme coins like TROLL are up 2x over the past week. There are bigger opportunities out there.
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