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Multiple technical indicators and growing institutional interest suggest XRP could reach $17 by early 2026, marking a potential sixfold increase from its current price of $2.68.
Analyst Egrag Crypto revealed a bullish pennant formation in XRP’s price chart on February 15, 2025. Currently trading at $2.68, the digital asset exhibits clear technical patterns suggesting powerful upward momentum. “The bounce off is real,” Egrag Crypto stated in an X post.
Source: egragcrypto on X
The chart patterns reveal two potential price trajectories. The conservative estimate, measured from the pennant’s lower end, points to $15. Meanwhile, the normally measured move from the pennant’s top projects a $17 target.
“The yellow line has been our support so far, and the price is respecting it. This line is crucial in our analysis,” Egrag Crypto emphasized. He also warned traders to maintain caution until XRP closes above $3.40 for solid breakout confirmation.
“Nothing is confirmed until we have a breakout with solid confirmation!” Egrag Crypto wrote.
Ali Martinez, another prominent crypto analyst, sees more immediate gains ahead. Martinez’s analysis of a cup-and-handle pattern indicates that XRP could soon reach $3.35.
Dark Defender’s examination of a bullish rectangle formation suggests an $8.5 milestone is within reach. The analyst draws attention to XRP’s performance relative to Ethereum. “XRP has surged 564% compared to Ethereum’s 80% gain from September 2023 to January 2025,” they noted.
CryptoBull joins with a predicted $15 by month’s end based on historical price patterns similar to XRP’s March 2017 breakout period.
The market activity supports these projections. XRP’s decentralized exchange volume (DEX) has surged to $17 million daily, surpassing $1 billion in total transactions since its 2024 launch.
Institutional interest also continues building as multiple firms pursue XRP ETF products. Bitwise, Canary Capital, 21Shares, and WisdomTree have filed applications alongside Grayscale. The U.S. Securities and Exchange Commission (SEC) has acknowledged these filings, triggering a 240-day review period.
Bloomberg analysts Eric Balchunas and James Seyffart now estimate a 65% probability of XRP ETF approval this year. “The acknowledgment shows there’s a chance the SEC will approve these products,” Seyffart wrote on social media platform X.
As of writing, XRP currently trades at $2.68, according to Crypto News. The cryptocurrency’s daily trading volume exceeds $3.6 billion. Additionally, its market capitalization stands at $155 billion.
The convergence of technical patterns, regulatory progress, and institutional interest could mark a turning point for XRP. However, market participants remain focused on the critical $3.40 threshold as the next significant milestone.
