XRP price forms a symmetrical triangle pattern breakout on a multi-year chart highlighting chances of another 500% rally from here onwards.
XRP XRP $2.33 24h volatility: 6.8% Market cap: $140.41 B Vol. 24h: $6.13 B price has been showing greater strength recently, moving past $2.30 levels, with analysts making bold predictions of a rally to $15 and beyond. Also, hopes of XRP ETF have been growing with a possible Ripple settlement happening in the next month of April.
XRP Price Breakout From Symmetrical Triangle Pattern
Popular crypto analyst Ali Martinez noted that XRP price has broken out from the symmetrical triangle pattern in a multi-year chart pattern formation since 2018. He added that if the bullish support continues moving ahead, XRP could rally further to $15 from here onwards.
This is why $XRP can still reach $15! pic.twitter.com/vkIiR0rnpU
— Ali (@ali_charts) March 14, 2025
This shows that analysts are bullish for a minimum of another 500% rally for XRP price from here onwards. Since Donald Trump’s victory in the US Elections in November 2024, XRP has rallied more than 220% so far. Furthermore, the altcoin gained greater legitimacy as Donald Trump named it as part of the Digital Asset stockpile for the US in an executive order signed last week.
Additionally, the on-chain data also shows strength for the Ripple cryptocurrency. The total number of XRP addresses has reached a new all-time high, now standing at 6.87 million, noted Ali Martinez. This milestone underscores the growing adoption and interest in the XRP ecosystem, even as the broader cryptocurrency market experiences fluctuations.
The total number of $XRP addresses just hit an all-time high of 6.87 million! pic.twitter.com/clpBtKiPkl
— Ali (@ali_charts) March 13, 2025
XRP ETF and SEC Lawsuit Settlement
The crypto community has been eagerly waiting for the final settlement in the SEC vs Ripple lawsuit with top industry leaders predicting it to happen in April 2025. In a recent X post, All Things XRP outlined five possible scenarios for the resolution of the prolonged legal battle involving XRP and the SEC. The potential outcomes include:
- The SEC dropping its appeal.
- A reduced penalty for Ripple.
- The appellate court reversing the initial decision.
- The fine being upheld while the injunction is lifted.
- The SEC fully dropping the case.
Each scenario has been assigned varying probabilities of occurrence, ranging between 15% and 35%.
Earlier this week, $1.5 trillion asset manager Franklin Templeton filed for the XRP ETF with the US SEC. Analysts are hopeful that the appointment of Paul Atkins as the permanent chairman of the US SEC will clear the path for approval.
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