- XRP Eyes $30 Amid 110-Day Bullish Setup
- Bullish XRP/BTC Signal Mirrors 2017 Rally
- XRP ETF Launch Spurs Investor Momentum
XRP, the global liquidity indicator, is signaling that the next 110 days may be bullish. While price action could remain choppy in the short term, analysts say this phase may lead to a blowoff top. Traders are being advised to monitor carefully and consider profit-taking strategies during the next rally phase.
Chart Patterns and Bitcoin Correlation Drive XRP Projections
XRP surged nearly 11% to trade around $2.01 after former President Donald Trump paused trade tariffs, boosting confidence across financial markets. Crypto analyst EGRAG CRYPTO pointed to a bullish crossover on the XRP/BTC pair, involving the 55-week EMA and 155-week MA.
This technical setup mirrors the 2017 rally that preceded a 958% gain in XRP.The analyst outlined scenarios based on Bitcoin’s movement. If Bitcoin rises to $130,000, XRP could reach $22.
A further climb to $170,000 could push XRP to $29. Current buying volume has risen by 3%, supporting the short-term uptrend. Bollinger Bands on the daily chart also point to a possible move toward $2.50.
ETF Launch and Investor Interest Build Up Bullish Sentiment
The Teucrium 2X Long Daily XRP ETF recently launched on NYSE Arca and saw $5 million in day-one volume. Bloomberg analyst Eric Balchunas noted that the ETF ranked among the top 5% of new launches. Ripple’s partnerships and recent acquisitions continue to strengthen the ecosystem, increasing long-term confidence.
On-chain activity shows that new wallets continue to grow, and outflows have slowed in recent days. A symmetrical triangle forming on the monthly chart adds to expectations of a potential breakout. EGRAG CRYPTO believes XRP could retest $1.20 before reaching $30, stating, “Charts don’t lie.”
As market sentiment shifts, XRP’s performance is becoming closely linked to broader economic indicators. With ETFs gaining traction and liquidity rising, XRP could lead the next phase of the crypto cycle.
