XRP Surges 14% Weekly, Nears $3 Amid ETF Speculation

The recent 14% weekly surge represents one of XRP’s largest weekly candles of the year, pushing the cryptocurrency just above the critical $3 threshold. This performance comes after a challenging period that saw XRP drop to as low as $2.70 following its July peak of $3.66. The token’s current positioning at just 15% below its all-time high underscores its resilience in the broader cryptocurrency market recovery, though it continues to trail the performance of major competitors Ethereum, Binance Coin, and Solana over the same timeframe.

Technical analysis reveals a significant development on XRP’s daily chart with the formation of a falling wedge pattern, typically interpreted as a bullish signal indicating waning selling pressure and rising buying interest. However, the cryptocurrency has faced persistent challenges at the $3.10 resistance level since August, creating a critical barrier that has repeatedly thwarted upward movements. Market expert Lark Davis recently emphasized on social media platform X that maintaining momentum above the $3 level could serve as confirmation of a breakout from this bullish pattern, potentially paving the way for further price recoveries.

The cryptocurrency community remains divided on XRP’s near-term price potential, with prominent analysts offering contrasting projections. Lark Davis has suggested that if XRP can sustain its current momentum, it could target approximately $4, representing a potential rally of around 33% from current levels. This optimistic outlook hinges on the token’s ability to consolidate above the $3 threshold and successfully break through the established resistance patterns.

In contrast, market analyst Ali Martinez has expressed more conservative expectations, arguing that while a breakout may occur, it might only lead to a price target of $3.60. This projection would essentially represent a retest of previous highs rather than the establishment of new records. Despite these differing opinions, the general market sentiment leans toward potential upside, with both analysts acknowledging the significance of XRP’s current technical positioning and the broader cryptocurrency market dynamics supporting altcoin performance.

The most significant potential catalyst for XRP’s future price trajectory centers around the possibility of exchange-traded funds (ETFs) gaining approval from the US Securities and Exchange Commission (SEC). Leading analyst Crypto King has highlighted the involvement of prominent industry names with proposed fund sizes ranging from $200 million to an astonishing $1.5 trillion. The approval of even a single XRP ETF could potentially unlock a wave of institutional investment that has historically proven transformative for cryptocurrency markets.

This institutional interest follows the precedent set by Bitcoin (BTC) and Ethereum ETFs in 2024, which demonstrated how regulatory approvals can dramatically alter market dynamics and price trajectories. However, questions remain about whether similar investments in XRP would produce comparable effects, given the token’s unique regulatory history and market positioning. The anticipation of SEC decisions has created a backdrop of cautious optimism among investors, who recognize that institutional validation could provide the fundamental support needed to sustain XRP’s current momentum and potentially drive it toward new highs.