XRP Price: Is a Breakout to $15 on The Cards? What Analysts Are Predicting Now

TLDR

• XRP has formed a symmetrical triangle pattern since 2018, with some analysts predicting a potential surge to $15
• XRP wallets reached an all-time high of 6.87 million, suggesting growing user interest
• Ripple’s recent transfer of 200 million XRP ($457 million) has fueled speculation about strategic moves
• SEC may be considering classifying XRP as a commodity, similar to Ethereum, potentially enhancing ETF approval chances
• Recent 8% price drop came after SEC paused approval process for altcoin ETFs, but derivatives market metrics indicate bullish sentiment may still be in play

XRP, the cryptocurrency associated with Ripple, has been experiencing price fluctuations that have captured the attention of investors and analysts in the crypto space. The token recently ended a four-day winning streak with an 8% drop, trading at approximately $2.30 as of March 16, 2025.

XRP
XRP Price

The price movements come amid ongoing legal battles between Ripple and the U.S. Securities and Exchange Commission (SEC). Despite the regulatory challenges, the crypto community remains watchful of XRP’s potential.

Crypto analyst Ali Martinez has identified a technical pattern that could signal a major price movement for XRP. According to Martinez, XRP has formed a symmetrical triangle pattern since 2018 and has broken out of that pattern. This breakout might set the stage for a price surge in the near future.

This is why $XRP can still reach $15! pic.twitter.com/vkIiR0rnpU

— Ali (@ali_charts) March 14, 2025

Growing Wallet Numbers

Another positive indicator for XRP is the growing number of wallets. The number of XRP wallets has reached an all-time high of 6.87 million. This increase suggests more people are engaging with the token, which could indicate rising interest and potential upward momentum.

Ripple’s recent transfer of 200 million XRP, worth approximately $457 million, has added to the speculation about XRP’s future price movements. This large transfer, flagged by Whale Alert, has raised questions about Ripple’s strategic preparations.

SEC Lawsuit

The ongoing SEC lawsuit continues to be a key factor in XRP’s price trajectory. Recent reports suggest the SEC might be considering classifying XRP as a commodity as part of settlement negotiations. The SEC is reportedly using Ethereum’s current regulatory treatment as a benchmark in its deliberations.

If XRP receives classification as a commodity rather than a security, it could remove regulatory barriers and potentially open the door for ETF approval. This reclassification could attract institutional investors and drive demand higher.

However, the SEC recently announced a pause in the approval process for altcoin ETFs. This announcement appears to have contributed to the recent 8% price drop, affecting XRP and other cryptocurrencies with ETF filings in progress.

Despite the price dip, derivatives market metrics indicate bullish sentiment may still be present. According to Coinglass data, XRP’s trading volume has increased by 12.11%, reaching $6.05 billion. This suggests continued market activity despite the price pullback.

The 24-hour liquidation data shows $11.58 million, with $8.98 million in long positions and $2.60 million in short positions. This imbalance suggests short sellers might face a squeeze if prices stabilize, potentially leading to a rebound.

XRP’s open interest has dropped by 6.70% to $3.14 billion, indicating that leveraged positions are unwinding. Some analysts view this as a potential sign that the current correction might be nearing its end.

Technical indicators show the Relative Strength Index (RSI) at 47.49, placing it in neutral territory. However, its recent bounce from 40 suggests growing bullish momentum. A sustained RSI climb above 50 would support the case for continued upward movement.

Ripple has reportedly filed for a trademark under the name “RIPPLE CUSTODY,” hinting at a potential new product focused on crypto storage solutions. This development could generate fresh investor interest in the coming week.

Fed Meeting

The upcoming Federal Reserve meeting on February 19 will likely influence broader market sentiment. Any indication of dovish monetary policy could increase risk appetite, potentially benefiting XRP and other digital assets.

If XRP maintains support near $2.30, bulls could regain control, potentially driving prices toward $2.50 in the short term and $2.80 beyond that. However, failure to hold this support level could lead to deeper drops, possibly testing the $1.92 level.

Key resistance levels to watch include $2.57 and $2.92. Breaking above these levels could open the path to higher targets, while falling below support at $2.30 might trigger further selling pressure.

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