TLDR:
- XRP price faces a 57 % probability to break higher and 43 % to drop under current wedge pattern.
- XRP has climbed ~1,160 % this cycle, compared to ~1,700 % in the 2021 rally.
- ETF filings may reduce circulating XRP supply, intensifying market pressure in coming weeks.
- Regulatory delays and macro risks may temper ETF-driven bullish momentum for XRP.
XRP traders now face a critical decision point. Technical charts show a 57 % chance for an upward breakout, but a 43 % chance exists for a downside move.
Market debates focus on whether XRP can match the 2021 cycle gains or if regulatory delays will stall momentum. Social media voices weigh in, offering contrasting forecasts. Investors are watching price patterns and ETF developments to determine the next step.
Technical Patterns and XRP Price Outlook
Recent analysis highlights a Descending Broadening Wedge pattern for XRP. This technical setup suggests a 57 % probability of breaking upward and 43 % chance of dropping.
Measured move calculations place the upside target between $9 and $27. Conversely, the downside could reach $0.50, which aligns with the lower wedge boundary.
Crypto commentator EGRAG CRYPTO noted he would sell only a portion at $5, holding the rest for potential higher gains. He referenced the 2021 cycle, which saw XRP surge about 1,700 %, compared to the current 1,160 % increase.
He also highlighted leveraged trading losses near $1.35 as a cautionary tale for aggressive positions. While the wedge favors a bullish breakout, the downside probability requires traders to plan exit points.
Another voice, Vincent Van Code, suggested XRP ETFs could pressure available supply.
He believes ETFs may increase XRPL volume on DEX platforms, reducing central exchange inventory. This supply shift could amplify price movements, adding momentum to technical patterns.
Traders are evaluating whether these potential catalysts justify holding through volatility.
Traders following these patterns must consider both scenarios. While bullish traders aim for $9 to $27, cautious traders prepare for a $0.50 retracement. The split underscores how speculative and technical XRP’s current moment has become.
Social sentiment, pattern recognition, and risk management now drive decision-making more than short-term price swings.
ETF Influence and Market Sentiment
Expectations around XRP ETFs are reshaping investor behavior. Some analysts argue that ETF approvals could draw institutional money and constrain circulating supply.
The precedent from Bitcoin ETFs, which reached $100 billion in AUM, fuels these projections. XRP advocates see similar potential for market impact.
However, regulatory hurdles remain. The SEC process, including 19b-4 filings, is ongoing and procedural, not final approval. Market watchers note that delays could reduce short-term ETF influence. Investors are weighing whether to act ahead of approvals or wait for formal confirmation.
Macro risks add complexity. U.S.-China tensions, domestic legislative delays, and broader crypto volatility may suppress aggressive positions.
Traders balancing potential ETF upside against these risks must remain nimble. This environment explains why opinions split between bullish and cautious strategies.
Some investors are choosing to ride the cycle fully, targeting higher levels. Others are setting partial exits or waiting for confirmation. Social media polls, such as EGRAG CRYPTO’s survey showing 57 % bullish sentiment, illustrate this division.
XRP’s trajectory remains uncertain, driven by both technical patterns and institutional developments.
The post XRP Price Forecast: Expert Reveals Next Potential Targets Amid ETF Influence appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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