XRP Price Prediction: Ripple Eyes $3 Milestone Amid Bullish Patterns and Legal Momentum

While short-term volatility remains, the overall sentiment surrounding XRP is increasingly bullish, with some analysts predicting a sharp rally toward the $3 mark—and even higher levels in the long run.

XRP Price Climbs 65% in One Month

XRP has gained an impressive 65% over the past month, rebounding from a low of $1.61 to as high as $2.65 by May 14. This surge has been driven by growing whale accumulation and a more optimistic global trade outlook, particularly due to easing tensions between the U.S. and China.

XRP was holding the $2.40 support at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Currently, XRP trades at around $2.53, slightly off its recent peak. The correction coincides with a broader market pullback that also affected Bitcoin and Ethereum. Despite this pause, XRP remains well-positioned for further upside, according to market analysts.

Bullish Technical Patterns Target $3.40 Short-Term

From a technical perspective, XRP has broken out of a multi-month falling wedge—a pattern typically seen as bullish. Analysts suggest that this breakout could support a near-term XRP price prediction of $3.40, representing a potential 45% gain from current levels.

Crypto experts believe the XRP price could hit $3.40 following the rebound from the $1.76 support. Source: MoNi_MoN on TradingView

The daily and three-day charts show that XRP’s price remains comfortably above its 20- and 50-period exponential moving averages (EMA), a sign of sustained bullish momentum. However, analysts caution that a drop below these trendlines could invalidate the current setup and trigger a decline toward $1.75.

Adding more weight to the short-term bullish case, the Binance liquidation heatmap identifies $2.68 as a crucial resistance level. This price zone, loaded with around $17 million in potential liquidations, may act as a “magnet” and fuel a rapid move higher if breached. A break above this barrier could trigger a short squeeze, driving XRP toward $2.87.

Longer-Term XRP Price Prediction: Could $32 Be in Sight?

Beyond the short-term targets, XRP is also flashing promising signals on the higher timeframes. A symmetrical triangle forming on the two-week chart hints at the potential for a much larger breakout. Using the technical rule of measuring the triangle’s maximum height, XRP’s long-term target could reach $5.24.

XRP is consolidating well, with $6 targeted based on Fibonacci and logarithmic analysis and a long-term projection of $32 by January 2027. Source: SPYDERMARKET on TradingView

When applied to a multi-year symmetrical triangle that began breaking out in late 2024, the Fibonacci extension suggests a possible surge to $32. Though ambitious, such projections are not uncommon in crypto markets known for parabolic rallies.

Market Sentiment Wavers as Network Activity Declines

Despite the bullish technical outlook, some warning signs have emerged. According to Santiment, network activity on the Ripple Ledger has fallen dramatically, from nearly 16,000 active addresses in January to about 3,400 in early May. This 78.7% decline in engagement signals weakening demand and could hamper momentum if not reversed.

The derivatives market has also shown signs of cooling. Over the past 24 hours, XRP saw more than $10 million in liquidations — the bulk of which came from long positions. Meanwhile, open interest dropped slightly, and trading volume declined from $19.5 million to $8.69 million, suggesting that some speculative traders are pulling back.

XRP Lawsuit Update: Legal Resolution Could Unlock Further Gains

The XRP SEC lawsuit, which has loomed over Ripple since 2020, is reportedly nearing a resolution. With both parties reportedly in advanced settlement discussions, optimism is growing that the legal cloud could soon lift. This would remove a major overhang and potentially pave the way for XRP to be listed on more U.S.-based exchanges, increase institutional adoption, and unlock broader utility.

Many investors see the end of the Ripple lawsuit as a game-changing catalyst. Dave Portnoy, founder of DDTG Global, recently expressed FOMO over XRP, stating, “That’s why I am in XRP. It’s not like I have some brand belief in it. What if that’s the next Bitcoin?”

Such comments underscore the renewed attention XRP is attracting from both retail and high-profile investors.

XRP Price Holds Above Key Averages Despite Pullback

As of now, Ripple XRP news remains bullish, with the price still in the green above its 50-, 100-, and 200-day EMAs. The Moving Average Convergence Divergence (MACD) indicator also remains showing bullish momentum, and the RSI is at 63, just above the middle zone.

XRP is nearing the apex of a weekly triangle and could break out by end of July, potentially targeting the $3.68 level based on Fibonacci analysis. Source: Elenigma080 on TradingView

However, if the selling pressure grows, levels of support could be reached. Key points are $2.27 (50-day EMA), $2.25 (100-day EMA), and $2.00 (200-day EMA). Holding above these thresholds would preserve the broader bullish structure.

Can XRP Reach the $3 Psychological Level?

Looking ahead, market observers believe XRP could re-test the $2.50 resistance zone and, if successful, rally toward $3.00. This level holds both psychological and technical significance. A breakout here could spark renewed interest in Ripple crypto and bolster XRP value in the eyes of investors and institutions.

Still, the rally depends on a mix of sustained momentum, legal clarity, and market stability. Should these align, XRP may be poised to extend its gains, perhaps even setting the stage for a new era in Ripple market history.