XRP Rally to $29–$45 on SEC Win and Bollinger Breakout
XRP has gained momentum after Ripple and the SEC dropped all appeals, removing a key regulatory overhang. Analyst Random Crypto Pal cites this legal clarity, ETF inflows and historical consolidation patterns to support a parabolic move toward $29. Building on that, The Great Mattsby highlights a rare re-expansion of XRP’s monthly Bollinger Bands—a volatility signal last seen before the 2017 bull run—which historically preceded a 1300% rally. Currently trading around $3.53 and consolidating above critical Fibonacci support, XRP also shows robust on-chain metrics: daily transactions and wallet growth at multi-year highs, alongside increasing enterprise adoption via RippleNet and XRPL smart contracts. These converging signals underpin an upside target of $45, implying another potential 1300% surge. Traders should watch for a Bollinger Band breakout, manage risk amid macro factors, and consider both short-term breakout plays and longer-term positions.
Bullish
The resolution of Ripple’s legal dispute with the SEC has removed a major regulatory overhang, boosting confidence and attracting ETF inflows. Historical technical patterns—including consolidation breakouts and rare Bollinger Band expansions—combined with rising on-chain activity and enterprise adoption via RippleNet and XRPL smart contracts, point to strong momentum. In the short term, traders can anticipate volatility-led breakouts fueled by expanding Bollinger Bands and key Fibonacci support holding around $3.50. Over the longer term, the alignment of legal clarity, institutional interest, and robust fundamentals supports a potential parabolic rally to $29–$45, reflecting historical precedents of 1300% moves. This confluence of catalysts underpins a bullish outlook for XRP’s price trajectory.