XRP is capturing the spotlight as it eyes a $3.70 price target, fueled by a bullish wave and groundbreaking SEC reforms. Could this be the start of a major rally? Let’s dive into the latest XRP news and what it means for investors.
XRP News: Bullish Wave Targets $3.70
Market analysts are buzzing about XRP’s technical setup. CryptoOG highlights an Elliott Wave pattern forming on the 4-hour chart, with Wave 4 consolidating into a bull flag. Wave 5, projected using the 1.618 Fibonacci extension, points to a $3.67–$3.70 target. Key takeaways:
- Wave 5 often signals strong momentum and emotional price surges.
- Break above $3.20 with volume confirmation could validate the trend.
- On-chain data shows increased whale activity, hinting at accumulation.
SEC Reform Fuels XRP ETF Hopes
The SEC’s new “Listing Standards” streamline ETF approvals for altcoins like XRP. Highlights include:
- Six months of futures trading on Coinbase qualifies assets for listing.
- Approval timelines shrink from 240 to 75 days.
- Analysts estimate a 95% chance of XRP ETF approval by late 2025.
XRP Price Target: What’s Next?
If XRP breaks $3.60, analysts foresee a rapid move toward $6–$10. Factors driving this:
- Regulatory clarity post-SEC reforms.
- Institutional interest from ETF potential.
- Strong technical and on-chain signals.
FAQs
Q: What is the XRP price target?
A: Analysts project $3.70 short-term, with potential for $6–$10 if bullish momentum holds.
Q: How does SEC reform impact XRP?
A: Faster ETF approvals and institutional adoption could drive demand.
Q: Is whale activity increasing?
A: Yes, on-chain data shows accumulation by large investors.
Q: When could an XRP ETF launch?
A: Likely by September or October 2025 under the new SEC framework.
