Anatomy of a 600% Call: Analyst Explains Why XRP’s $15 Target Stands

• Analysts see bullish XRP technicals: multi-year breakout targets up to $15
• Regulatory wins (SEC case dismissed, SAB 122 repeal) boost XRP’s US outlook
• Potential US XRP ETF approval cited as major catalyst for institutional funds

Renewed optimism surrounds XRP, largely fueled by recent technical breakouts and supportive regulatory developments that have analysts projecting significant potential gains, possibly reaching as high as $15 per token. 

XRP has shown strong upward momentum, decisively breaking through key long-term resistance levels, while positive chart patterns appear to be forming. This technical picture, combined with favorable regulatory shifts and signs of growing institutional interest, contributes to the increasingly bullish sentiment.

Technical Analysis: Multi-Year Resistance Break Signals Upside?

Market analyst “CryptoELlTES” highlights that XRP recently pushed above its long-term resistance zone near $1.95–$2.10. This price area had notably capped major rallies in both 2018 and 2021. Its apparent conversion into a new support zone is considered a significant development by chart analysts. 

CryptoELlTES suggests this breakout might confirm a multi-year cup and handle pattern—a classic technical setup often interpreted as signaling potential for sustained price increases.

Further analysis suggests XRP is currently retesting this former resistance area around the $1.63 mark, which aligns with a key 0.786 Fibonacci retracement level. If XRP manages to hold this level as support, CryptoELlTES points to potential subsequent upside targets derived from Fibonacci extensions: initially near $8.34 (the 1.272 level) and potentially extending to the $13.55–$15 range (the 1.414 level) in the coming months.

Bullish Rectangle Pattern Hints at Accumulation

Another positive take comes from analyst “Dark Defender” who notes that XRP appears to be forming a bullish rectangle pattern. 

This type of consolidation, currently observed between strong support near $1.88 and resistance around $2.50, often indicates a period of accumulation before a potential major price advance. Historically, such rectangle patterns can precede sharp, decisive breakouts.

Related: “You Have No Idea”: Analyst’s XRP Chart Hints at a Truly Massive Price Surge

Dark Defender suggests a confirmed break and hold above the $2.50 resistance could trigger an extended rally for XRP. Based on a 261.8% Fibonacci extension from the pattern, such a breakout might initially target the $5.85 price level. 

Considering the established support near $1.88, the analyst sees an increased likelihood of XRP eventually challenging its all-time highs if this pattern resolves upwards as expected.

Regulatory Tailwinds: SEC Case Done, Bank Custody Opens Up

Beyond the positive chart signals, recent regulatory developments in the US also contribute to the bullish narrative. 

Digital asset researcher “Anders,” among others, highlights regulatory progress that could see a rise in XRP adoption. The earlier dismissal of the SEC’s high-profile case against Ripple removed a major legal cloud that had affected the project for years. This allows the company to refocus on expanding its ecosystem. 

Additionally, the repeal of the SEC’s Staff Accounting Bulletin 122 (SAB 122) now allows regulated US banks to offer custody services for digital assets like XRP. This development could benefit Ripple’s secure custody solutions and encourage wider institutional engagement. 

Incoming stablecoin regulations might also boost Ripple’s planned RLUSD stablecoin by enhancing its compliance profile.

XRP ETF Approval

Anders also notes the US approving spot XRP Exchange-Traded Funds (ETFs) could be another powerful catalyst. 

Citing prediction market data indicating high perceived probability by late 2025, an XRP ETF could significantly simplify investment for traditional players and potentially bring in significant institutional capital inflow. Many see this as a potential major driver to push XRP towards new price highs.

Current Market Performance

Currently (at press time, March 28, 2025), XRP trades around $2.30, with substantial 24-hour volume near $2.7 billion.

Related: XRP’s Next Chapter? Analysts See “Price Discovery” Mode After SEC Settlement

Despite minor pullbacks, proponents believe the broader technical structure and positive fundamental news support the bullish case discussed by analysts. XRP’s market cap stood near $136 billion.