- XRP ETF talks reignite $30 price target hopes
- Biweekly EMA cross hints breakout by September
- XRP eyes $2.40 as volume builds near resistance
XRP is programmed to hit at least $30.00 this cycle. As price action stabilizes above $2.00, traders are closely monitoring chart patterns and institutional activity. With the SEC case nearing resolution and ETF talks advancing as the asset enters a critical phase of development.
Legal Resolution and ETF Speculation Drive Sentiment
According to comments made by Ripple CEO Brad Garlinghouse during an interview with Fox Business, Ripple has reached agreement with SEC staff, and the parties have moved toward a negotiated settlement. Garlinghouse confirmed that Ripple will reclaim a portion of the $125 million previously held in escrow for penalties.
The Commission has not yet voted, but the CEO emphasized progress: “We’ve agreed to dismiss and move on.”Garlinghouse also addressed the broader regulatory stance, citing a shift in tone with the new administration.
He suggested that the SEC under new leadership appears more open to innovation. A potential spot ETF remains under discussion, which Garlinghouse described as “long overdue” and a way to improve institutional access.
XRP Chart Patterns Align with Historical Price Behavior
According to an analysis prepared by EGRAG CRYPTO, XRP may be repeating past market cycles. On the biweekly chart, XRP has recently crossed above the 21-period EMA and the 33-period MA—conditions that previously led to parabolic rallies in 2017 and 2021.
Based on time-cycle analysis, the current setup could lead to a breakout by September 2025.Analysts are also watching the $2.40 price level, where the asset is encountering historical resistance. According to Doji on TradingView, price action near the Point of Control aligns with a descending resistance line. A breakout above $2.40 could push XRP toward a mid-range target of $27 and possibly as high as $45, based on extrapolated past gains.At the time of writing, XRP is trading around $2.12 with rising volume. Key support sits near $1.90, while resistance at $2.40 remains a short-term target.
