Explosive Ripple (XRP) Price Forecast: Will It Reach Double Digits This Year?
Analysts suggest XRP is forming a Wyckoff pattern as it encounters resistance near $2.55, amidst substantial XRP transaction activity.
Ripple’s XRP is exhibiting a structure reminiscent of the Wyckoff accumulation pattern, which historically indicates potential market breakouts. At the time of writing, XRP trades at $2.43, with a significant trading volume exceeding $4.2 billion, though it has seen a 1% decrease within the last 24 hours and 4% over the past week.
Wyckoff Accumulation Appears to Be Forming
Market analyst EtherNasyonaL shared insights through a chart showcasing XRP navigating through two clearly outlined accumulation zones. These zones display typical sideways movements that characterize the early stages of the Wyckoff model. Additionally, this pattern encompasses a possible “spring,” which denotes a sharp decline followed by a resurgence, frequently appearing prior to a breakout.
$XRP is progressing on the Wyckoff method. The structure is still progressing in line with the Wyckoff accumulation phase. The similarity to the 2017 formation is striking, but this time the market is more mature.
— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (October 20, 2025)
The anticipated trajectory indicated by the pattern hints at the possibility of an impending rise, followed by a new accumulation and distribution phase, which is often monitored to gauge long-term asset positioning based on past market behaviors.
Resistance Test Around $2.47
Another market analyst, Egrag Crypto, noted that the price level around $2.47 serves as a critical resistance point. Recently, XRP has surged beyond a descending trend channel and rebounded from the support level at $2.31. Currently, it is testing a supply zone, which could convert to a support level if buyers maintain their momentum.
XRP Price Chart
Source: Egrag Crypto/X
The next price level to monitor is $2.55. A decisive move above this threshold could signify that the market has transformed resistance into support. Failure to break above this could lead XRP back to lower price ranges of around $2.31 to $2.14.
Additional Insights:
- XRP recently witnessed a significant transaction as Ripple co-founder Chris Larsen transferred 50 million XRP, valued at approximately $120 million.
- Analysts are interpreting this movement amidst heightened interest in XRP’s price dynamics, leading to closer scrutiny of insider activities.
