XRP’s $30 Dream: Still a Mirage? 🤔

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Alas, the price of XRP hath plummeted by 44%, descending from its lofty peak of $3.66 on July 18th to a more modest $2.06, though it hath since recovered to approximately $2.43. Is it finally headed for a deeper correction, or is there a more substantial rally in the cards? 🤷‍♀️

Key Considerations:

  • The macro outlook for XRP is most bullish, with some prognosticators forecasting a staggering $30. 🤯

  • Multiple bullish catalysts include the likely approval of spot XRP ETFs in the US. 🎉

XRP’s Macro Outlook Remains Bullish

XRP’s price action reveals a consolidation within a symmetrical triangle on the monthly chart, suggesting it may be preparing another bullish impulse, according to analyst Egrag Crypto. 📈

In a Tuesday post on X, the analyst told his followers not to be “frustrated by the sideways chop and the boring price action.” 😒

Egrag Crypto explained that XRP’s price action is similar to that seen in past cycles, where the price drops to create new levels for distribution before a major breakout. 🌀

An accompanying chart showed that after an almost 50% pullback in July 2017 and December 2020, the price recovered, printing “massive” bullish monthly candles. 📊

The analyst added:

“If XRP doesn’t soon print a massive white/green/blue candle style like in 2017 or 2021, targeting $10 to $37, then sure, doubt all you want.” 😂

Fellow analyst XForceGlobal said, although there are minor market inefficiencies on lower time frames, the “macro chart shows clear accumulation and a solid price floor after almost a year of distribution.” 🧠

According to the analyst, XRP distribution will continue to complete the flat period between Wave 1 and Wave 2, before making a massive move to the upside in Wave 3. 🚀

In another X post on Monday, XForceglobal said:

“I still think there is an extremely high chance that we are still going to hit our cycle targets of around $15-$30 per XRP this cycle.” 🎯

XRP Price Breakout Catalysts

Several factors could fuel XRP’s breakout to double digits, including President Trump’s $2,000 tariff dividend announcement on Sunday and the reopening of the US government following a bipartisan Senate deal. 🇺🇸

The latter could restart SEC operations and clear ETF approval backlogs, with analysts forecasting near-term gains of 20%-25% to $3.60 or higher upon approval of spot XRP ETFs. 📈

Meanwhile, Canary Capital’s XRP ETF is set to be the first US-based fund to hold XRP, following the company’s key SEC filing that could see it launch on Thursday. 🚀

🚨 LATEST: Canary Capital files Form 8-A for $XRP spot ETF, set to launch on Thursday at market open once Nasdaq certifies the listing, per Eleanor Terrett.

– CryptoMoon (@CryptoMoon) November 12, 2025

In a Tuesday interview on The Paul Barron Show podcast, Steven McClurg, CEO of Canary Capital, said that spot XRP ETFs are expected to see $5-$10 billion in first-month inflows, potentially doubling the impact seen with spot Solana ETFs. 💰

Nine competing filings have been listed at DTCC, amplifying the potential capital inflows. 📈

The Fed’s Oct. 29 rate cut to 3.75%-4.00% (the second in 2025), combined with 63% odds of a further 0.25% cut in December alongside possible quantitative easing, adds to the macro tailwinds. 🌪️

Together, these catalysts could spark an explosive cycle, though resistance at $2.80 and profit-taking by long-term holders are likely to continue keeping the bulls in check. 🐐

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2025-11-12 17:47