XRP has demonstrated significant upward momentum, showing a 4% increase in
value within a single day and close to a 10% surge over the past weekend.
Despite a slight dip as the week begins, current information and technical
indicators suggest a continuing positive outlook for XRP.
This analysis explores the reasons behind potential price increases for XRP,
with targets of $2.30 in the near future, $3.30 in the medium term, and
longer-term projections suggesting a climb to $8 or even $100.
If you’re curious about the reasons for XRP’s recent surge and what experts
predict for its future price, this article provides a comprehensive
explanation.
During the recent Sunday trading, the
value of XRP
experienced an over 4% gain, reaching its highest point so far this month.
This daily rise was the largest observed in around a month, specifically
since May 12, where XRP saw a 7.5% jump to $2.65. While the current price
is about 40 cents lower than this peak, XRP has still seen a more than 10%
increase since Friday’s low points near $2.10.
Technical charts indicate a possible double bottom pattern forming around the
$2.10 mark, which also aligns with the 200-day exponential moving average
(200 EMA), suggesting a strong base for potential further price increases.
As of today, Monday, June 9, 2025, XRP is undergoing a slight price
correction, decreasing by 1.45% to a trading value of $2.23. However, the
price still remains noticeably higher than its pre-weekend levels,
significantly surpassing the lows experienced almost two months ago.
XRP Price today. Why is XRP going up? Source: CoinMarketCap.com
Furthermore, based on the most recent market capitalization data, XRP is
currently performing well among the leading cryptocurrencies over the last
24 hours. In comparison, Bitcoin (BTC), which is the largest cryptocurrency
by market cap, has risen only 0.13% during the same period, while
Ethereum (ETH), the second-largest, has dropped by almost 1%. Binance Coin
(BNB) is showing no significant change, Solana (SOL) has increased by 0.5%,
and Dogecoin (DOGE) has decreased by 1.2%.
Key Factors Driving the Increase in XRP Price
XRP is gaining momentum from several positive elements that are influencing
investor confidence, including recognition from major institutions and its
growing practical applications.
Let’s explore the reasons behind XRP’s rise!
1. XRP Listed on Nasdaq Crypto US Settlement Price Index
A significant step was achieved on June 2 with the inclusion of XRP in the
Nasdaq Crypto US Settlement Price Index (NCIUS). Previously, this index,
which is tracked by the Hashdex Nasdaq Crypto Index US ETF (NCIQ), focused
solely on Bitcoin and Ethereum. Now, it has broadened its scope to include
XRP, Cardano (ADA), Solana, and Stellar Lumens (XLM).
Although the ETF still only includes BTC and ETH, the addition of XRP to the
index indicates increasing acceptance from institutions and raises its
visibility within controlled financial instruments.
2. Enhanced Regulatory Environment and ETF Expectations
The Nasdaq index’s new composition has also reignited optimism for ETFs
based on alternative cryptocurrencies. Despite XRP not being directly held
in any ETFs listed in the U.S. just yet, its presence in a standard used by
a supervised fund suggests a change in perspective among regulators and
financial bodies.
This progression could encourage wider acceptance of crypto ETFs, potentially
including XRP among the next assets considered if regulations in the U.S.
are adjusted.
3. Ripple’s Initiative to Upgrade Global Payments
The upward trend gained additional support from Ripple’s blog post on May
28, which promoted XRP and its newly introduced stablecoin, Ripple USD
(RLUSD), as innovative solutions for the obsolete SWIFT payment system. The
company highlighted the shortcomings of traditional international
transactions, such as manual processes, substantial fees, and insufficient
transparency, areas where blockchain technology can provide immediate
improvements.
Ripple’s platform now states it handles over 90% of the world’s foreign
exchange, delivering real-time settlements and comprehensive tracking. The
vital role of XRP in this framework reinforces its continued value and
practical uses.
Related:
After XRP, Ripple’s RLUSD Joins Dubai’s
Approved Crypto Tokens Under DFSA
XRP’s Double Bottom: An Opportunity to Regain $2.30
My examination suggests that local support on the XRP/USD chart, visible
from the beginning of May, has created a double bottom pattern spanning late
May and early June. This pattern is formed by the lows observed on May 31,
June 5, and June 6. The baseline support is at $2.10, strengthened by the
200 EMA.
Were it not for the current stability between this moving average and the
50-day EMA near $2.26, the double bottom pattern could trigger a stronger
surge towards $2.60, a level previously tested a month earlier. However,
due to nearby peaks and the $2.30 mark alternating as support and
resistance recently, the immediate target seems to be $2.30.
XRP technical analysis shows short-term double bottom. Source:
Tradingview.com
Despite this, my longer-term outlook is more optimistic, based on a more
significant and established technical indicator: the bullish flag formation.
Bullish Flag Indicates XRP Could Reach $3.30
The bullish flag I’ve identified started taking shape from the April lows,
when XRP was trading at $1.60. It surged to $2.60 before entering a
descending regression channel, where it stayed until the past weekend.
Following three days of successive gains and a strong weekend rally, XRP
exited the flag formation, confirming the upward movement.
Referring to the height of the flagpole, the expected target for this
breakout is approximately $3.30, prices not seen since mid-January 2025.
Moreover, XRP/USDT has also moved past a broader and longer-term bearish
trend observed since the beginning of the year. A confirmed break above the
50 EMA and the $2.30 level would, for me, confirm this move, potentially
leading to the medium-term target of $3.30.
How high can XRP price go? Bullish flag pattern suggest 50% upside.
Source: Tradingview.com
This could mean an increase of around 50% from the current figures,
providing a strong potential for profits for retail investors.
I also observed a flag formation, yet to be confirmed, on the Bitcoin chart
last week. Similar to XRP, the pattern began from the April lows. That
analysis cited expert forecasts suggesting Bitcoin could reach $125,000 by
the end of this month and potentially $200,000 by the end of the year.
You can read more about that forecast here.
XRP: Support and Resistance Levels
|
Level ($) |
Type |
Details |
|
2.10 |
Support |
Double bottom level; also aligns with 200 EMA |
|
2.23 |
Current price |
After a minor correction on June 9, 2025 |
|
2.26 |
Resistance/Support |
50 EMA; currently acting as short-term upper bound of consolidation |
|
2.30 |
Resistance |
Recently tested as both support and resistance; short-term target |
|
2.60 |
Resistance |
High from May 12, 2025; target from double bottom breakout |
|
3.30 |
Medium-term target |
Measured move from bull flag breakout; January 2025 high |
XRP Price Predictions for 2025 and 2026 Vary Widely, Ranging from $8 to a
Potential $100
Forecasts for XRP’s value in 2025 and 2026 differ greatly, highlighting the
growing optimism among analysts and traders. More cautious forecasts
estimate that XRP could rise to between $3 and $8 in the upcoming months,
while bolder predictions suggest a longer-term climb to around $100 per coin
by 2026.
Ryan Lee, Chief Analyst at Bitget Research,
anticipates XRP could reach $8 in 2025, due to significant interest from institutions, established technical
breakout patterns, and the likelihood of a surge in alternative
cryptocurrencies sparked by Bitcoin’s stability.
Conversely, several members of the crypto community suggest even more
ambitious figures.
One popular prediction suggests XRP could reach $100 by 2026, citing potential regulatory approvals, the introduction of spot ETFs, and
Ripple’s increasing importance in global finance through solutions like RLUSD
and its blockchain-based system for international payments.
“It’s plausible for XRP to hit $1,000 sooner than expected. We might see
XRP at $100 in 2025. And by 2026-2027, the price could quickly jump from
$100 to $1,000,” stated BarriC, a well-known crypto analyst on X (formerly
Twitter).
While such optimistic forecasts should be regarded with caution, they
demonstrate the high expectations some investors have for XRP’s potential
future value.
Table of XRP Price Predictions
|
Source |
2025 (USD) |
2026 (USD) |
2027 (USD) |
2028 (USD) |
2030 (USD) |
|
Bitget Research (Ryan Lee) |
8 |
– |
– |
– |
– |
|
Alpha Lions Academy (Edoardo Farina) |
10 |
– |
– |
– |
– |
|
Cryptomus |
– |
6.13 |
– |
– |
– |
|
Changelly |
– |
– |
6.26 |
– |
10.54 |
|
EGRAG Crypto |
– |
– |
27 |
– |
– |
|
Community Forecast (@B_arri_C) |
100 |
1000 |
– |
– |
– |
|
CoinCodex |
2.37 |
– |
– |
– |
– |
|
BeInCrypto |
1.17 |
– |
– |
|
