XRP Eyes $13 Rally and 8-Year BTC Breakout on ETF Hopes
XRP is approaching critical technical levels on both USD and BTC charts. On the weekly XRP/USD chart, a seven-year symmetrical triangle and a bull pennant breakout above $3.60 point to a potential rally toward $13 within 42 days using the flagpole projection method. Concurrently, XRP/BTC is nearing an eight-year descending resistance line. A sustained close above this trendline would signal a shift in XRP’s long-term underperformance against BTC.
Fundamental catalysts include rising institutional interest from Grayscale, Bitwise and 21Shares, growing adoption of Ripple’s On-Demand Liquidity (ODL) service, and a 95% probability of SEC approval for a spot XRP ETF in 2025. The possible resolution of Ripple’s SEC lawsuit could further reduce regulatory risk and attract new capital. Traders should monitor chart confirmations, ETF developments and legal updates. Heightened volatility means strict risk management is essential.
Bullish
The combined technical signals on XRP/USD and XRP/BTC suggest strong upside potential. The bull pennant breakout on the USD chart with a $13 projection and the near breach of the eight-year resistance against BTC indicate growing momentum. Institutional inflows and a high likelihood of spot ETF approval will bolster demand and market confidence. In the short term, traders can capitalize on volatility around key breakout levels. Over the long term, ETF approval and legal clarity are likely to drive sustainable growth and broader adoption of XRP.