- XRP forms a bull flag pattern, signaling a possible breakout toward the $1,452.81 target.
- SEC approval of ProShares’ XRP Futures ETFs boosts institutional and retail interest in XRP.
- A 25% rise in XRP wallet activations suggests growing retail demand ahead of ETF launches.
XRP is drawing attention once again as strong technical patterns and fresh regulatory developments shape its price outlook. Market participants are now watching closely as XRP prepares for a possible breakout, with some analysts setting bold new price targets for 2025.
Bull Flag Formation Signals XRP’s Potential Toward $1,452.81
According to analysis prepared by World of Chart, XRP is currently consolidating within a tight range after delivering a strong rally. The analyst described the structure as a bull flag, suggesting the asset is building momentum for a breakout. If confirmed, this pattern could target a move towards $1,452.81.
The bullish setup coincides with XRP’s price stabilizing above the $2.00 mark, after rebounding from lows near $1.80. Over the past week, XRP posted a 7% gain and formed a bullish falling wedge pattern, which is often associated with upward reversals. Technical experts are now identifying the $2.00 to $2.10 zone as an ideal area for fresh entries.
Meanwhile, the Relative Strength Index (RSI) on the daily chart has remained below extreme levels, suggesting that XRP still has room to move higher. Analysts are closely monitoring a confirmed breakout and retest above the wedge pattern to validate the next upward move.
ETF Developments and Institutional Interest Strengthen XRP’s Outlook
On the regulatory front, XRP received a major boost after the SEC approved ProShares’ XRP Futures ETFs set to launch on April 30, 2025. According to an observation by Crypto Rover on X, the approval could accelerate institutional inflows and improve XRP’s standing among U.S. investors.
Further, CME Group’s plan to introduce XRP futures trading pending regulatory clearance has heightened expectations for expanded market participation. On-chain data from RippleScan also shows a sharp 25% rise in new wallet activations after the ETF announcement, suggesting increasing retail demand.
Ripple’s legal developments with the SEC are progressing positively, which may pave the way for spot XRP ETFs in the near future. If current momentum continues, XRP could meet its technical bull flag target and spark a broader market rally throughout the remainder of the year.
