Key takeaways:
XRP (XRP) is showing signs of a potential 35% breakout as bullish technicals align with new fundamentals, including Ripple CEO Brad Garlinghouse’s renewed push for the blockchain company’s “Internet of Value” vision.
XRP price held key support level
XRP price chart technical data indicates that it has bounced from the lower trendline of its predominant ascending triangle pattern. Historically, that support has ushered in powerful rebound moves, including jumps of 70-80% in early 2025.
As of Saturday, the token had bounced over 8% after testing the trendline, also aligning with the 50-week exponential moving average (50-week EMA, represented by the red wave) at $2.33.
XRP may recover towards the triangle’s upper trendline at around $3.45, a 35% rise from current levels, by December, if history is any indicator.
Related: XRP Price Targets $3 as Whale Wallet Count Hits New All-Time Highs
Conversely, a break below the triangle’s lower trendline could send the price towards June lows around $1.65, down 25% from current levels.
Ripple Prime Boosts XRP Bull Case
Ripple’s expanding institutional strategy adds a strong fundamental tailwind to XRP’s bullish setup.
The company announced on Friday that it had finalized the acquisition of Hidden Road and renamed it “Ripple Prime.” This makes it the first crypto company to operate a global multi-asset prime broker, while also onboarding existing institutional clients. Ripple wrote in the announcement:
“Ripple’s core digital asset infrastructure in payments, cryptocurrency custody and stablecoins, as well as the use of XRP, will complement the services offered within Ripple Prime.”
CEO Brad Garlinghouse called the deal another step toward building an “Internet of Value,” stating that “XRP is at the heart of everything Ripple does.”
Most analysts expect XRP to extend its gains following Garlinghouse’s endorsement.
Among them is trader Credibull Crypto, who said that Ripple’s huge XRP holdings give it every incentive to drive the token’s success, as the company stands to benefit the most from a higher valuation.
The comments also came as Ripple announced its intention to purchase $1 billion in XRP tokens for a new treasury on the Nasdaq under the symbol “XRPN.”
Trader Zeiierman Trading said that XRP may cross the $3 mark due to Ripple’s Hidden Road deal, noting that the token “is now positioned at the center of institutional adoption.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.
