Analysts Hold $30 XRP Price Target Amid Distribution Phase
XRP price remains in a consolidation phase within a symmetrical triangle on the monthly chart, but analysts maintain a bullish outlook with cycle targets between $10 and $30 per XRP. After a 44% pullback from the July high of $3.66 to $2.06, XRP price has recovered to around $2.43. Crypto strategist Egrag Crypto notes that past cycles saw similar distribution phases before major breakouts and warns traders not to be frustrated by sideways chop. Fellow analyst XForceGlobal highlights clear accumulation and predicts a Wave 3 rally that could push XRP price to $15–$30 this cycle. Key catalysts include the likely approval of spot XRP ETFs in the US, which could trigger 20–25% gains; significant inflows—potentially $5–$10 billion—into these funds; President Trump’s $2,000 tariff dividend announcement; US government reopening clearing ETF backlogs; and the Federal Reserve’s rate cuts. Resistance around $2.80 and profit-taking by long-term holders may cap short-term gains. Overall, multiple bullish drivers underpin a positive long-term outlook for XRP price despite near-term volatility.
Bullish
Analysts’ sustained $30 XRP price target amid a distribution phase signals confidence in a major breakout, mirroring past cycles where similar consolidation preceded strong rallies. The approval of spot XRP ETFs in the US is a key bullish catalyst, likely to draw significant capital inflows and lift XRP price by 20–25%. Additional factors—such as tariff dividends, government reopening, and Fed rate cuts—provide macro support. While near-term resistance at $2.80 and profit-taking may temper gains, historical patterns and multiple tailwinds point to a robust medium- to long-term uptrend for XRP.