XRP’s Tight Range Signals Imminent Move–Experts Predict Major Breakout

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Amid the broader volatility in the crypto market, XRP is standing out with exceptional strength. Analysts note that since breaking above from $0.50, it has shown one of the strongest and clearest uptrends in the entire market. Among major cryptocurrencies, only Bitcoin displays a more established and solid market structure.

The monthly XRP chart is quietly showing strength. For years, $1.90 was a key resistance level. But in 2024, XRP decisively broke above $2 and since then, the price has stabilized and is holding steady above it.

Elliott Wave Theory Points to a Surge Beyond $30

XRP has stayed above its previous monthly high of $1.90 for over eight months. The analyst describe this as a bullish compression, with price holding steady, low volatility, and building pressure. When assets move like this, major breakouts often follow. 

According to Elliott Wave theory, XRP is all set to enter a strong upward trend. This means that we could see the price rise through five distinct waves, pushing it beyond $30 by mid-2026.

Multiple Drivers Behind XRP’s Growth 

Analyst Vincent Code also predicts that XRP could hit $30–$50. He cited several reasons for XRP’s rise. RippleNet could capture 20–30% of the $1 trillion cross-border payments market. More than 50 countries may adopt XRP for CBDC bridges. A big crypto bull run in 2026–2027 could spark strong market excitement. 

Demand for RLUSD is also growing. Ripple’s 2024 deal with Saudi Arabia’s central bank could lead to XRP use in oil settlements. He also expects that an XRP Spot ETF approval could bring $20–$50 billion in institutional investments.

Analyst MelarinX says that XRP is coiling like a spring and quietly building energy before a big breakout. Davinci Jeremie, a Bitcoin proponent has also made a U-turn and predicted that XRP could possibly hit $24 this year. He cited that many people in the US government are “pushing for XRP.”

XRP at a Crucial Price Crossroad

XRP is currently trading at $2.23. Currently, it is stuck in a tight range, and key moving averages are closing in. This kind of setup often comes before a big, sudden move. Both upward and downward moves are possible.

Nevertheless, XRP’s strong bullish setup and the growing institutional interest, like Ripple’s U.S. bank license bid and ETF talks, are keeping the long-term optimism alive.