A crypto analyst has made a bullish forecast for XRP. Certain factors could continue to drive the course of the cryptocurrency.
• Crypto analyst with a bullish forecast
• XRP course increases
• SEC lawsuit and XRP-Spot ETFS at a glance
Crypto analyst Bullish
On March 9, crypto analyst Ali Martinez wrote on X (formerly Twitter) that XRP could climb a new all-time high of $ 5. He referred to an opposite “head-and-shoulders” pattern in the daily-type-a bullish reverse pattern that often indicates a possible reversal from a downward trend into an upward trend.
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IF $ XRP Avoids Closing Below The Head-and Shoulders Neckline and Breaks above the right shoulder instead, it could invalidate the Bearish pattern. This Move Might Trigger A Bullish Breakout Toward $ 5! pic.twitter.com/f2845KE4UC
– Ali (@ali_charts) March 9, 2025
“If the XRP course does not close below the head and shoulder collin line and instead break out over the right shoulder, this could invalidate the bear pattern. This movement could trigger a bullish outbreak towards $ 5!” Said Martinez.
A few days later, he reported that XRP was “at a critical level”. “A closing course below $ 2 would confirm a head and school collapse and signal a possible macroeconomic trend reversal,” said Martinez.
$ XRP is at a critical level! Closing Below $ 2 Wild Confirm a Head-and Shoulders Breakdown, Signaling A Potential Macro Trend Shift. pic.twitter.com/2l1xiKlfr
– Ali (@ali_charts) March 11, 2025
However, XRP stayed above the important $ 2 and March 17, Martinez wrote that XRP forms a head and shoulder formation in the weekly chart, which marks the $ 2. “Holding this is crucial,” said Martinez.
$ XRP is shaping up a head-and-shoulders on the weekly chart. It Spotlights the $ 2 support. Holding it is crucial. pic.twitter.com/icovfwbbbb9
– Ali (@ali_charts) March 17, 2025
XRP adds
But XRP didn’t just stay above the $ 2. Last week, the coin even recorded a clear course jump and temporarily climbed over $ 2.55. Most recently, the coin noted at $ 2.4040. This means that the cryptocurrency is still a whole piece of its all-time high in January of this year at around $ 3.39, but has still been able to increase by 5.5 percent within the past three months. This means that XRP presents itself significantly better than, for example, the Bitcoin, which has lost 11.3 percent of value within this period. For Ethereum, 42.5 percent has been down in the past three months. Within one year, XRP was able to get around 271 percent (as of March 23, 2025).
SEC-Leschage and XRP-Spot ETFs in focus
According to the coincier, the mood is currently good, according to a survey, 88 percent of investors would expect a bullrun. A driver for the latest price gains should have been the news that the procedure of the US stock exchange supervisory authority SEC, which has been going against the company since 2020, has been completed, as Ripple boss Brad Garlinghouse explained in an interview with Bloomberg. It was one of several measures that were discontinued by Donald Trump in the first few weeks of the term. “Ripple gives a lot of security,” said Garlinghouse last Wednesday.
In addition, the race for the first XRP spot ETF in the USA is picking up speed. As BTC-ECHO reports, XRP ETF applications from various asset managers have already received the US stock exchange inspectorate. The approval of an XRP spot ETF in the United States could continue to drive up the price of the old coin. Ripple CEO Brad Garlinghouse was recently optimistic about ETF approval in an interview with Bloomberg. He believes that XRP-Spot ETFs could come onto the market in the second half of 2025. In addition, the Ripple CEO is confident that XRP will be included in the digital wealth stock of the White House.
Editor finance.net