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- XRP is approaching the final stage of the Wyckoff re-accumulation, with a potential breakout above $2.9.
- Analysts predict XRP could rally to $15 or even $70 based on historical patterns and institutional adoption.
XRP is approaching the final stage of a Wyckoff Re-accumulation schematic, signaling a potential breakout. Market analyst Steph (@Steph_iscrypto) highlighted this trend, noting that XRP has remained in a consolidation phase since early 2025.
The cryptocurrency has maintained a range between $2 and $3.3, indicating strong accumulation by institutional investors. Analysts suggest that a close above $2.9 could confirm a bullish move, potentially sending XRP to new highs.
XRP Holds Wyckoff Re-Accumulation Structure
Steph observed that XRP entered the Wyckoff Re-accumulation phase following its surge to $3.4 in January. This run was largely fueled by market optimism after Donald Trump’s re-election in late 2024. Since then, XRP has consolidated within a tight range, with strong hands absorbing supply before the next upward move.
I JUST MADE A HUGE CHANGE TO MY #XRP PRICE PREDICTION! (SHOCKING!) pic.twitter.com/5BcekSnWN3
— STEPH IS CRYPTO (@Steph_iscrypto) March 17, 2025
The market strategist emphasized that XRP must maintain support between $1.9 and $2 to stay within the pattern. A break below this level could disrupt the structure, leading to potential downside pressure. However, if the asset continues trading above this support, it could soon enter the breakout phase.
XRP attempted to confirm this breakout on March 2, when it briefly reached $2.9. However, bearish momentum from the broader market led to an 18.83% drop the following day.
Despite this setback, analysts remain optimistic, pointing to indicators like the Stock RSI, which suggests a bullish crossover could trigger the next rally.
Institutional Demand and Market Sentiment Support XRP
Institutional adoption continues to strengthen XRP’s market position. Reports indicate that 80% of Japan’s banking sector has integrated XRP, solidifying its role in international finance. As previously mentioned in our report, Brazil launched its first Ripple exchange-traded fund (ETF), further legitimizing XRP’s use case in institutional markets.
Additionally, speculation about a potential partnership between Ripple and Bank of America has gained traction. A recent patent from the banking giant referenced Ripple’s distributed ledger technology for settlements. Ripple CEO Brad Garlinghouse previously stated that financial institutions would increasingly adopt blockchain solutions at scale, with XRP playing a crucial role in cross-border payments.
As we covered in our latest report, regulatory conditions in the U.S. have shifted favorably for the crypto industry. The SEC has softened its stance on enforcement actions, raising hopes for a positive resolution in Ripple’s ongoing legal battle. A favorable outcome could significantly impact XRP’s market trajectory, further supporting bullish sentiment.
Analysts Predict XRP Could Reach New Highs
Several analysts anticipate a major breakout for XRP in the coming months. Crypto trader Javon Marks pointed out that XRP’s price structure mirrors previous cycles, which have historically led to explosive rallies. He noted that XRP tends to consolidate before making significant moves higher.
Ali Martinez identified a symmetrical triangle pattern on XRP’s weekly chart that has been forming for nearly seven years. If XRP breaks through this structure, Martinez believes the asset could rally toward $15. The next key level to watch is a daily close above $2.9, which could confirm the breakout.
According to a recent analysis by ETHNews, XRP could surge as high as $70, citing key price cycles that support a potential rally. Market analyst EGRAG CRYPTO stated that this projection is based purely on technical analysis rather than speculation. He highlighted mathematical models and past trends that indicate XRP’s long-term growth potential.
Institutional interest in XRP is also rising, with firms like Franklin Templeton applying for XRP ETFs. Analysts believe that growing institutional adoption, coupled with strong technical indicators, could drive XRP to new highs.
