XRP Price Forecast: Climbing to Third Place Following 25.8% Weekly Increase – Can the Momentum Continue?

XRP has regained its status as the third-largest cryptocurrency by market capitalization after a remarkable weekly increase of 25.8%, elevating the token’s market value beyond $170 billion.

The Ripple-supported token surpassed significant resistance at $2.80, significantly outperforming Bitcoin and Ethereum during a week that witnessed the overall crypto market achieving new all-time highs.

XRP ETF: A Major Driver for Continued Momentum

ProShares has revealed the introduction of the first XRP futures ETFs starting July 18, 2025, representing a significant milestone for institutional access to XRP.

BREAKING: ProShares to launch the first-ever $XRP ETF
Trading begins July 18, 2025
Crypto is officially approaching Wall Street.
Is this the dawn of a new era for crypto ETFs? pic.twitter.com/YXY8sznFeL

— John Squire (@TheCryptoSquire) July 13, 2025

The institutional interest in XRP has reached unprecedented heights, with eleven prominent asset managers, including Bitwise, 21Shares, Franklin Templeton, and Grayscale, submitting applications for XRP ETF products.

In addition, whale accumulation has surged to record levels, with 2,743 wallets now possessing over 1 million XRP tokens, collectively holding 47.32 billion tokens.

Source: Santiment on X

This accumulation trend coincided perfectly with XRP’s breakout above $2.80, resulting in the liquidation of $31.44 million in short positions at that moment.

The favorable regulatory developments appear increasingly advantageous for XRP’s ongoing rise.

Investors are hopeful that the SEC may decide to dismiss its appeal in the Ripple case, building on the 2023 ruling that XRP sales to retail clients were not classified as securities.

Moreover, Polymarket data suggests an 88% likelihood of spot XRP ETF approval by December 2025, with significant dates of July 21 and July 25 approaching for leveraged ETF launches and spot ETF decisions.

Source: Polymarket

With altcoin season officially confirmed according to Santiment analytics, XRP’s technical breakout from multi-year patterns positions it for potential movements toward $6 – $8 levels that could exceed its previous all-time highs.

Multi-Year Triangle Breakout Targets $6 Initial Objective

XRP’s weekly chart indicates the completion of a substantial symmetrical triangle formation that has been developing since the 2018 peak at $3.84.

XRP is currently trading at $2.79, having achieved a significant breakout above the upper trendline of this multi-year consolidation pattern, with explosive volume that validates the move.

Fibonacci extension levels offer a clear guide for XRP’s potential path. The 1.272 level is positioned at $5.96, representing approximately 115% upside from current levels.

The 1.414 extension targets $8.99, while the 1.618 level projects $16.18. The most ambitious 1.786 extension reaches $26.35, although this seems reserved for extended bull market scenarios.

Analyst Ali Martinez’s observation that “a weekly close above $3 could set the stage for a rally to $6 or even higher” aligns seamlessly with these technical forecasts.

The symmetrical nature of the triangle formation, encompassing an entire market cycle from 2019 to present, suggests proportionally larger movements when finally resolved.

Volume characteristics during the triangle displayed typical declining patterns as the formation matured, followed by increasing volume on the breakout.

This textbook technical development indicates institutional and algorithmic recognition of the pattern completion.

The EMA 200 has been definitively reclaimed around $1.05, providing a robust support foundation for the current uptrend.

XRP trading well above all major moving averages confirms that the trend has fully established itself.

The immediate resistance zone is around $3.19, followed by stronger resistance at $4.31 before reaching the initial $6 target zone.

Further Analysis Points to Terminal Wave Toward $5.70

Additionally, the Elliott Wave structure indicates XRP completing a macro triangle pattern within wave (4), now progressing through wave (3) of the larger wave (5) sequence.

Third waves typically produce the most powerful and extended movements in Elliott Wave theory, suggesting XRP’s current advance may be just entering its most explosive phase.

Source: Maddox_Metrics on TradingView

The breakout from the pennant formation around $2.50 confirms the initiation of wave (3) with strong momentum characteristics.

In fact, RSI analysis provides crucial bullish confirmation through a completed bullish divergence pattern.

The divergence occurred when price made lower lows while RSI created higher lows, indicating diminishing selling pressure despite price weakness.

The subsequent RSI breakout above 60 validated the momentum shift, with current readings around 61 suggesting substantial room for additional upside before reaching overbought conditions.

The macro triangle completion represents years of energy accumulation that typically precedes terminal waves of significant magnitude.

XRP’s Elliott Wave count places the cryptocurrency in the final stages of a larger degree pattern, with the analyst’s terminal target of $5.70 representing conservative projections based on standard wave relationships.

This target would establish new cycle highs above the previous $3.84 peak set in 2018.

Best Wallet: Your Gateway to Multi-Chain XRP Management During Historic Rally

In light of XRP preparing for its potential ascent toward $6-8 targets, managing and maximizing returns on XRP holdings becomes increasingly critical for serious investors.

Best Wallet is the premier solution for secure XRP storage while providing access to yield generation opportunities across multiple blockchain networks.

Unlike single-chain wallets, Best Wallet’s support for over 60 blockchains, including XRP Ledger, enables seamless portfolio diversification during altcoin season.

The platform’s integration with Rubic exchange aggregator allows XRP holders to capitalize on optimal swap rates across 200+ decentralized exchanges and 20 cross-chain bridges.

This functionality becomes invaluable during a bull market when timing and execution speed determine profit maximization.

As XRP potentially enters a parabolic phase targeting historical highs, having access to next-generation projects through Best Wallet’s launchpad feature could multiply portfolio returns beyond XRP’s performance.

Most significantly, Best Wallet’s $BEST token offers exclusive benefits, including reduced trading fees, early access to promising presales, and higher APY staking rewards.

With upcoming features including crypto-backed debit cards and portfolio management tools, joining the $BEST Presale, which has raised over $13M, is a way to be part of the progress, or you can follow them on X or Telegram.

The post XRP Price Prediction: Its Ascent to #3 After 25.8% Weekly Gain – Will Momentum Hold? appeared first on Cryptonews.