As XRP targets reclaiming the $3 spot, the asset’s current trading pattern resembles a historical movement that points to a potential upside of about 350%.
Specifically, XRP appears to follow a pattern that echoes its historic 2017 rally, which saw the cryptocurrency skyrocket by over 1,300% in multiple phases.
Now, if this pattern plays out, it could set the stage for an even larger breakout, potentially pushing XRP’s price to $12.50 in 2025, according to an analysis by TradingShot shared in a TradingView post on February 14.
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According to the analysis, XRP’s rise in 2017 played out in three rallies, each delivering four-digit percentage gains. After surging 600% since November 2024, the token may be gearing up for its next major move, targeting a double-digit figure.
At the same time, this bullish projection is backed by key technical indicators. TradingShot’s analysis indicated that the 50-day moving average (MA) has crossed above the 200-day MA, which acts as a strong bullish signal, suggesting XRP could mirror its 2017 bull run.
The expert noted that XRP could see a 1,300% surge if history repeats, pushing its price to $12.50. If this target is achieved, XRP’s market cap will rise to $722 billion, potentially making it the second-largest cryptocurrency if Ethereum (ETH) stagnates.
However, insights from Finbold’s artificial intelligence (AI) tool present a more conservative outlook for XRP in 2025. The tool, leveraging several models, set an average XRP price prediction at $3.065, an upside of 9.29%.
Among the tools, Claude 3.5 Sonnet projected XRP will hit $3.85, a 37.99% growth, while OpenAI’s ChatGPT-4o set a price of $2.80. On the other hand, ChatGPT-4o Mini forecasted a significant drop in XRP’s price by 10.39% to $2.50.
Why XRP is surging
XRP is gaining in the short term after new developments regarding the asset’s related spot exchange-traded fund (ETF) emerged.
On February 14, the Securities and Exchange Commission (SEC) acknowledged the 21Shares application, which opens the door for a review process toward possible approval.
Given the new cryptocurrency-friendly administration, there remains optimism that the product will get a nod.
Meanwhile, XRP could see further upside if the SEC moves to end the case against Ripple. The XRP community anticipates that with the new administration, the SEC will be able to drop the case or reach a settlement favorable to the blockchain firm.
As things stand, XRP is targeting $3, which is the main resistance level to watch. To this end, prominent cryptocurrency analyst Ali Martinez, in an X post on February 14, stated that XRP shows signs of a strong recovery, bouncing from the lower boundary of its ascending channel and now appearing poised for a potential rally toward the $3 mark.
The analysis noted that XRP remains within a clear ascending channel, finding support at $2.40 and resistance at $2.80 and $3.00. Therefore, a breakout above the midline of this channel could further fuel bullish sentiment, with an ultimate target near the upper boundary at approximately $3.60.
XRP price analysis
By press time, XRP was trading at $2.78, surging over 6% in the last 24 hours. In the past week, the token has been up almost 16%.
In the short term, the overall XRP sentiment remains bullish. The asset is comfortably trading above its 50-day simple moving average (SMA) of $2.62 and 200-day SMA ($1.36), indicating a strong uptrend.
With a relative strength index (RSI) of 54.81, XRP’s momentum remains neutral, showing no immediate overbought or oversold signals. On the other hand, the market seems to be indecisive, given that the Fear & Greed Index stands at 50.
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