- XRP could hit $13 in this cycle, with potential for $32–$110 in future phases.
- Support levels at $1.60–$2.21 crucial for XRP’s short-term bullish outlook.
- American Express integration with XRP boosts cross-border payments and adoption.
XRP is gaining momentum as analysts predict significant price movements in the upcoming market cycles. Crypto analyst EGRAG CRYPTO suggests that XRP could reach double digits this cycle and triple digits in the next.
With multiple technical indicators signaling bullish trends, investors are closely watching key resistance levels. Additionally, American Express has announced its integration of XRP into its payment infrastructure, further fueling speculation about its long-term potential.
Key Indicators Suggest XRP Price Surge
According to EGRAG CRYPTO’s latest analysis, XRP’s price trajectory aligns with the “JUST-DO-IT” chart, where a cup pattern has formed well within the arc. This pattern suggests that a breakout is unfolding as expected.
Based on technical analysis, the next potential target for XRP is $13. If momentum continues, further targets between $32 and $110 could be achieved in subsequent phases.
#XRP: Double Digits This Cycle, Triple Digits Next! 'JUST DO IT Chart UPDATE'
— EGRAG CRYPTO (@egragcrypto) February 12, 2025Let’s build the chart together!
To improve our chances of hitting our targets, we need to use multiple indicators, charts, and patterns. The more signals we collect, the better our odds of… pic.twitter.com/6Am1bZyjkc
Market movements indicate that the asset remains in an upward trend, with traders monitoring price action to confirm bullish momentum. Historical data and pattern recognition support the possibility of XRP climbing to these levels, reinforcing the analyst’s bullish outlook.
Short-Term Price Action and Support Levels
In a separate analysis, EGRAG CRYPTO highlights XRP’s short-term movement within a defined channel. The recent wick event, which resulted in liquidation of leveraged traders, is seen as market manipulation rather than a genuine trend reversal. The price remains above the critical blue channel, suggesting strength in its position.
Lower support levels include $2.21, $2.00, $1.80, $1.74, and $1.60. As long as XRP does not close below these levels, the analyst maintains a bullish stance. Conversely, closing above resistance targets such as $2.62, $2.75, $2.94, $3.22, and $3.40 would confirm continued upward momentum.
#XRP – 5 by 5 Layers ( Short-Term View):
— EGRAG CRYPTO (@egragcrypto) February 12, 2025It's clear that the recent wick was a manipulation event that liquidated many leveraged traders. Currently, #XRP is on an upward path and has not broken below the blue channel, indicating strength and potential growth.
Institutional Adoption and Payment Innovation
As of press time, XRP is trading at $2.43, reflecting a 2.19% decline in the last 24 hours and a 4.62% drop over the past week. With a circulating supply of 58 billion XRP, its market capitalization stands at approximately $140 billion.
Beyond price speculation, XRP is making strides in mainstream adoption. American Express recently announced a partnership with Ripple, integrating XRP into its payment infrastructure. This move is expected to transform cross-border transactions by leveraging blockchain technology for faster and more efficient payments.
Additionally, the rise of CryptoTradingFund (CTF), an innovative rewards system built on the XRP Ledger, is set to revolutionize digital payments. Unlike traditional cashback programs, CTF rewards users with tokens for completing transactions using XRP. This incentive model aims to drive adoption while creating new financial opportunities for users worldwide.
