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XRP Price Target Remains at $30: Why?

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Analyst Predicts Imminent All-Time Highs for Bitcoin, Sees One Memecoin
Analyst Predicts Imminent All-Time Highs for Bitcoin, Sees One Memecoin

XRP’s (XRP(price) fell to $2.06, down 44% from the high price of $3.66 it reached in July. Then recovered to levels currently around $2.43. Does it look like the price is headed to a further correction? Or, will there be a substantial rise in prices soon enough?

The key takeaways

  • XRP’s overall macro outlook appears bullish. Some predict a price of up to $30.

  • Among the multiple bullish catalysts is the approval likely of spot XRP exchange-traded funds in the US.

XRP’s macro-perspective remains positive

XRP price action reveals a consolidation within a symmetrical triangle on the monthly chart, suggesting that it may be preparing another bullish impulse,  according to analyst Egrag Crypto.

On Tuesday, the analyst wrote a post about X. told He does not want his supporters to be “frustrated by the sideways chop and the boring price action.”

Related: XRP lawyer runs again for US Senate seat in 2026

Egrag Crypto said that XRP’s price movement is similar to past cycles where prices dropped to new distribution levels before a big breakout.

A chart showing the recovery of prices after almost a 50% price drop in July 2017, December 2020 and January 2021 was included. “massive” Bullish Monthly Candles

Analyst added:

“If XRP doesn’t soon print a massive white/green/blue candle style like in 2017 or 2021, targeting $10 to $37, then sure, doubt all you want.”

Chart of XRP/USD for the month. Source: Egrag crypto

Fellow analyst XForceGlobal saidEven though there may be minor market inefficiency on shorter time frames, “macro chart shows clear accumulation and a solid price floor after almost a year of distribution.”

Analysts predict that XRP will complete its flat phase between Waves 1 and 2, before launching a major move upwards in Wave 3.

XForceglobal posted another X on Monday. said:

“I still think there is an extremely high chance that we are still going to hit our cycle targets of around $15-$30 per XRP this cycle.”

Source: XForceGlobal. XRP/USD chart daily. Source: XForceGlobal

Price breakout catalysts for XRP

There are several factors that could cause fuel to ignite. XRP’s breakout to double digits, including President Trump’s $2,000 tariff dividend An announcement made on Sunday. reopening of the US government Following a bipartisan Senate deal. 

Analysts predict that the latter could clear ETF backlogs and restart SEC operations in near-term gains of 20%–25% to $ 3.60 If you approve the spot XRP ETFs, they will be at least XRP 0.50 or more.

Meanwhile, Canary Capital’s XRP ETF After the SEC filed its key SEC document, the fund could launch on Thursday.

On Tuesday, a reporter from Paul Barron Show Steven McClurg (CEO of Canary Capital) said on a recent podcast that the spot XRP exchange-traded funds are likely to receive $5-10 billion as inflows during their first month. This could potentially double the amount seen for spot Solana. 

The nine filings are all competing. been listed at DTCCAmplifying potential capital inflows.

The Fed’s Oct. 29 rate cut to 3.75%–4.00% (the second in 2025), combined with 63% odds of a further 0.25% cut in December alongside possible quantitative easingThe macro-tailwinds are boosted by. 

Resistance at $2.80 could be the catalyst for an explosive cycle. profit-taking by long-term holders The bulls are expected to remain in control. 

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.