Key Insights
A top analyst revealed a historic bullish fractal, indicating that XRP's price could rise by 570%.$$XRP
XRPUSDTPerp2.0059-1.28%If XRP's increase exceeds that of Bitcoin, then this strategy will succeed.
Historical price data shows that the last time this happened, XRP's price was 240% higher than BTC's price.
A top analyst revealed a historic bullish fractal, indicating that if XRP exceeds Bitcoin's increase as it did before, its price could rise by 570%.
Meanwhile, the Chicago Board Options Exchange (Cboe) approved a spot XRP ETF issued by 21Shares, further enhancing bullish momentum before the end of the year.
XRP News: XRP Price Prediction: If XRP's price increase exceeds Bitcoin by 240%, it is expected to reach 570%.
Recently, an expert predicted the price of XRP, estimating that if XRP's increase exceeds BTC as it has before, its price could see a significant surge, with an increase of up to 570%.
As of the time of writing, Ripple (XRP) is again approaching that trendline, but this upward momentum is stronger than before.
The selling pressure that usually appears at this price level was not as significant this time, and this alone changed the tone of the chart.
There is also historical context. The last time Ripple (XRP) broke through this structure, it not only outperformed Bitcoin but also led Bitcoin completely.
During the breakout phase, XRP's price against BTC rose more than 240%, with the dollar price skyrocketing over 570%. This period opened one of the strongest upward trends for XRP in history.
The pattern formed on the chart now is larger than before. If XRP can exceed Bitcoin by the same magnitude—Marks believes the increase could be around 600%.
The dollar chart may also follow the same path. In that case, it would not be unrealistic for the dollar to drop to $14. This is simply a repetition of historical patterns. Javon Marks' prediction for XRP price.
Everything still depends on one thing: breaking that long-term resistance line. Until XRP strongly breaks through that resistance line, this is still just a pattern that is forming, not a confirmed trend reversal.
But pressure is clearly building, as this currency pair has never been so close to a breakout in years. If buyers ultimately push XRP above this resistance level, the chart structure shows there is still significant upside potential above it.
It is this point that made the last round of the bullish market so remarkable—this is also the focus of traders now.
XRP price tests long-term resistance level.
Cryptocurrency analyst Sol stated that XRP has been fluctuating within this long-term range for years. According to his analysis, this fluctuation is very evident on the monthly chart.
The price has touched this area in both 2017 and 2021. However, the first two attempts almost immediately failed. The difference this time is that XRP has stayed in this area longer.
For over a year, the monthly chart has remained within the channel without slipping out again.
This situation has never happened before. In past cycles, XRP has almost never closed within this area for a month without being pushed down by sellers. This time, the price trend looks more stable. If XRP can ultimately break through the upper boundary and close with a clean monthly closing price, it will be the first time since 2017 that it has truly broken this structure.
As the market has been consolidating in the same range for over a year, any confirmed breakout could spread quickly.
Ripple (XRP) Latest News: The Chicago Board Options Exchange (Cboe) approved 21Shares' XRP ETF to be issued under the TOXR framework.
The Chicago Board Options Exchange (Cboe) has approved 21Shares' new XRP fund, which will trade under the ticker TOXR. This approval information has been disclosed in recent filings submitted to the U.S. Securities and Exchange Commission (SEC).
The fund will begin trading once the remaining requirements are met. This is the fifth spot fund related to XRP approved for listing in the United States.
21Shares submitted its fifth S-1 registration update document earlier this week. Completing the last steps before the release.
The document still contains a delayed amendment, indicating that the issuer may be waiting for CERT notice or direct approval from the SEC.
After the launch of the XRP ETF, it will track the CME CF XRP-U.S. Dollar Reference Rate (New York variant).
Investors do not need to hold XRP tokens directly to participate in its price fluctuations. 21Shares also hinted at the upcoming launch of XRP on platform X.
