The digital asset XRP is demonstrating bullish trends in its charts, particularly with the impending rollout of futures contracts. Analysts in the crypto sphere are forecasting a potential price surge of 70%, driven by current market dynamics.
Currently, XRP is trading at $2.12, reflecting a significant decline of nearly 40% from its recent peak of $3.40 reached a few months ago. Despite this downturn, many experts remain optimistic regarding XRP’s future potential, especially as it hovers above crucial technical support levels.
What factors are contributing to this upbeat sentiment? The resolution of the SEC lawsuit has certainly garnered attention from investors and analysts alike. However, the significant focus now is on the anticipated listing of XRP futures contracts on the Coinbase Derivatives exchange, approved by the US Commodity Futures Trading Commission (CFTC) and set to launch today.
Futures listings typically attract institutional investors, infusing the market with extra liquidity, which is expected to boost XRP’s price.
Technical analysts are noting that XRP is forming a Wyckoff reaccumulation pattern, a formation that usually signals a forthcoming price breakout.
This chart pattern indicates that larger investors, often referred to as “smart money,” are acquiring XRP during this quieter market phase. Recently, XRP has displayed characteristics of a “Spring” and “Test” phase, indicating waning momentum among sellers.
Currently, XRP is aiming to surpass a crucial trendline known as the “Creek.” If this maneuver, called a “Jump Across The Creek” (JATC), is successful, it could launch XRP into a new bullish trajectory, potentially reaching $3.55—a noteworthy 70% increase in the near term.
Should XRP break the $3.55 mark, Fibonacci retracement levels suggest that the next target could be around $5.65 by June, signaling a substantial rebound from previous lows and a potential long-term upward trend.
Another bullish sign comes from a falling wedge pattern identified by analyst Jobcfx, which has been in formation since February 2025. A breakthrough in the $2.20-$2.40 range could propel XRP beyond $4.00, hitting the Wyckoff breakout target.
Interestingly, Bitcoin (BTC) is also exhibiting a similar falling wedge pattern. A breakout by Bitcoin could catalyze movement across the entire altcoin market, including XRP, leading to even greater upward momentum.
Despite recent setbacks, XRP displays numerous bullish indicators from both technical and fundamental perspectives. With the launch of Coinbase futures, anticipated chart breakouts, and the positive trend of Bitcoin, XRP is poised for a significant rebound in the coming weeks.
