The American regulator SEC has decided to drop the lawsuit against Ripple. This has provided clarity and given the XRP price a boost. Analysts expect this news to be the start of a significant increase in the XRP price.
Analyst sees XRP price rise to $6
According to crypto analyst Egrag Crypto, the XRP price could soon reach between $5 and $6. He bases this on technical levels such as the Fibonacci 1.236 and 1.414. According to him, these zones do not form strong resistance, which means there is a good chance of a breakthrough.
In addition, he thinks that the XRP price could temporarily shoot up to $9 or even $10. That level corresponds with Fibonacci 1.618. He calls this a possible “wick”, i.e. a short spike.
Egrag points out that XRP has closed above the important Fibonacci 1.0 level for the past three months. Each month ended with a so-called “full body candle”, which means that the price remained stable above this level on a monthly basis. According to him, this is a sign of structural strength in the market.
The analyst says that the timing of the rise influences what happens next. If the peak comes before May, a short correction may follow, with a possible new rise afterwards. If it happens only in the summer or in the fourth quarter of 2025, this could be the end of the current bull market.
More analysts expect a breakthrough
Other analysts are also positive about XRP. Bitcoin Ape sees a bullish flag on the chart in the short term. This pattern often indicates an upward breakout. He expects the XRP price to reach at least $10 by the end of April.
Amonyx even thinks it could rise to $20. He cites the possible arrival of 18 XRP ETFs as an important reason. According to him, these products could provide a large influx of capital, especially from institutional investors.
Now that the lawsuit with the SEC has been finalized and there are strong signals on the graph, several analysts expect the XRP price to rise sharply in the coming months. Depending on the moment this happens, it could be the beginning of a new bull market or the end of the current cycle.
