XRP analyst targets $20 as XRP ETF odds climb to 87%
Analyst XForceGlobal said XRP could breakout to $20, citing bullish technical patterns and a "wave 3" rally setup.
The analyst said XRP has maintained a price floor for seven months, a record since 2017, indicating strong accumulation.
According to him, XRP often has large pullbacks before big breakouts, signaling a strong launch point. XRP has Elliott Wave theory bullish setups, he said.
If XRP can break the "final boss" resistance at $4–$4.50, it could reach $7–$10 in the next stage. If Wave 3 is strong, XRP could reach $20 or higher in a longer rally.
But as of September 3, XRP is now trading at $2.84, up 1.7% on the day, and nowhere near that ambitious target.
The question is now not just whether XRP will get to $20 — but when it will.
XRP's bullish action
There are many things going for XRP right now. The legal clarity might offer pending ETF filings in 2025, which should grow to a wave of institutional capital. Data shows there has already been momentum in futures-based ETFs.
Teucrium's 2X Long Daily ETF (XXRP) saw inflows for its 22nd consecutive week, adding $18.2 million last week to bring total assets to $355 million. XXRP is a leveraged ETF that aims to double XRP's daily price performance.
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Moreover, ProShares' Ultra XRP ETF (UXRP) has recently grown to $100 million since its launch.
Betting markets on Polymarket now show nearly 88% odds of a Ripple ETF approval by year-end.
XRP whales are back
On-chain signals are also supporting the bullish thesis. Whale wallets holding XRP have reached a record 2,850, indicating that large holders are accumulating. And, upgrades to the XRP Ledger (XRPL), including EVM sidechains and AMM fixes, are improving XRPL's role in DeFi and cross-border payments.
Can XRP hit $20?
Technical signals favor the bullish outlook. The MACD crossed bullish, and the histogram went green, reflecting buyers' momentum.
Volume data also presents more green spikes. Whales are returning, and bear pressure is decreasing.
With the price of XRP currently at $2.71, the digital asset has built a double bottom and broken out from bullish patterns such as a falling wedge and cup-and-handle.
The next major test is $3.20–$3.50, and exceeding it could either stall the move or clear the way for a move to $4–$5. While $20 is hard to hit in September, as the analyst pointed out, if the momentum holds, $20 could be the bull case.
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Disclaimer: The information provided in this article is for informational and educational purposes only and should not be considered financial or investment advice.
FAQs
Q: What is XRP?
A: The XRP Ledger (XRPL) is a blockchain that was made for fast, cheap payments across borders. XRP is its native cryptocurrency. Banks, payment processors, and fintech companies use it to settle transactions in seconds, which makes it a good alternative to older systems like SWIFT.
Q: Why is XRP's price linked to Ripple's lawsuit with the SEC?
A: The U.S. Securities and Exchange Commission (SEC) said for years that XRP was an unregistered security, which made things very unclear for investors and businesses. Now that the case is over, a lot of people think XRP is clearer from a legal point of view, which could lead to more institutional adoption and ETF approvals.