The cryptocurrency market is once again turning its gaze toward XRP, as growing investor confidence signals the potential start of a powerful new upward phase. After months of consolidation near the $2.00 mark, technical analysts and market observers are suggesting that XRP may be entering what’s being called “Wave 3” of a broader bullish cycle — a move historically associated with strong, sustained price appreciation.
This renewed momentum comes amid shifting market dynamics and critical developments in the long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). With these headwinds appearing to dissipate, many believe XRP is now positioned for a breakout that could push it to new all-time highs in the coming weeks.
The Case for a Third Wave Surge
A growing number of crypto analysts point to Elliott Wave theory as a framework for understanding XRP’s current trajectory. According to this model, major market moves unfold in five distinct waves, with the third wave typically being the strongest and most explosive.
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Zach Rector, a well-known figure in the XRP community, recently shared his analysis indicating that XRP has likely completed its consolidation phase and is now initiating Wave 3. He emphasized that such phases often coincide with increased trading volume, stronger momentum, and growing retail participation — all signs that could fuel rapid price growth.
Rector’s outlook is not based solely on technical patterns. He also highlights improving fundamentals, particularly regulatory clarity, as a key catalyst for the next leg up.
Regulatory Clarity Fuels Investor Confidence
One of the most significant factors influencing XRP’s trajectory has been the legal uncertainty surrounding its classification as a security. For years, the Ripple vs. SEC lawsuit cast a shadow over the asset’s future. However, recent developments suggest a resolution may finally be within reach.
In mid-2025, Ripple CEO Brad Garlinghouse announced that both Ripple and the SEC intend to drop their appeals in the case. While no formal withdrawal has been filed yet, this statement has been widely interpreted as a sign that both parties are ready to accept Judge Analisa Torres’ original ruling — a decision that partially favored Ripple by clarifying that XRP is not inherently a security when sold to retail investors.
Judge Torres had previously rejected a joint motion from Ripple and the SEC to amend her final judgment, urging them to either proceed with appeals or let the decision stand. Garlinghouse’s public confirmation that appeals are likely to be dropped has significantly boosted market sentiment.
This regulatory clarity removes a major overhang that has dampened institutional interest in XRP. With fewer legal risks, the door opens for potential exchange-traded fund (ETF) filings, broader exchange listings, and increased adoption by financial institutions.
Price Momentum Builds From Strong Technical Base
XRP’s price action over the past several months supports the idea of an imminent breakout. After surging from $0.50 in November 2024 to a peak of $3.40 in January 2025 — a 580% increase — the asset entered a corrective phase, settling around $2.18 as of late June 2025.
Despite this pullback, the fundamentals remain strong:
- Historical high: $3.84 (set in 2018)
- 2025 peak: $3.40 (highest monthly close in XRP history)
- Current price: $2.18
- Upside potential: ~76% to surpass all-time high
To reach its former record by mid-August, XRP would need to gain approximately 76% from current levels — a challenging but not unprecedented target given its historical volatility and cyclical rallies.
Market strategist EGRAG has gone even further, projecting a long-term target of $17.50 for XRP under bullish adoption scenarios. While this figure lies well beyond short-term expectations, it underscores the belief that XRP’s valuation could undergo a dramatic re-rating if institutional demand accelerates.
Core Keywords Driving Market Interest
The surge in attention around XRP is reflected in search trends and social engagement. Key terms dominating discussions include:
- XRP price prediction
- Ripple vs SEC update
- XRP all-time high
- XRP Wave 3
- XRP ETF potential
- XRP legal case resolution
These keywords reflect both speculative interest and demand for credible information about XRP’s regulatory and technical outlook — making them essential for content visibility and audience targeting.
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Frequently Asked Questions (FAQ)
Q: What triggers a Wave 3 rally in crypto markets?
A: In Elliott Wave theory, Wave 3 is typically driven by strong fundamentals, increasing volume, and growing public participation. It often follows a period of consolidation (Wave 2) and tends to be the longest and most powerful leg of a bull cycle.
Q: Is the Ripple vs. SEC case really ending?
A: While no official filing has confirmed the withdrawal of appeals, Ripple’s CEO has stated both parties plan to drop their appeals. If followed through, this would effectively conclude the case based on Judge Torres’ original ruling.
Q: Can XRP really reach $17.50?
A: A $17.50 price target is highly speculative and depends on massive institutional adoption, potential ETF approval, and global payment network expansion. While not imminent, it illustrates upside potential in bullish scenarios.
Q: How close is XRP to its all-time high?
A: As of June 2025, XRP trades at $2.18, about 43% below its historical high of $3.84. Reclaiming that level would require sustained bullish momentum and favorable market conditions.
Q: Could an XRP ETF be possible now?
A: With increased regulatory clarity, an XRP ETF has become more plausible. While no formal applications have been filed yet, Ripple executives have expressed interest, especially if BlackRock or other major players enter the space.
Q: What risks remain for XRP investors?
A: Despite positive momentum, risks include broader crypto market downturns, delays in appeal withdrawals, macroeconomic factors, and regulatory shifts at the SEC under new leadership.
Looking Ahead: A Pivotal Moment for XRP
The convergence of technical readiness, regulatory progress, and growing investor sentiment paints a compelling picture for XRP’s near-term future. While no prediction is guaranteed in the volatile world of cryptocurrencies, the alignment of multiple bullish indicators suggests that XRP may be entering one of its most consequential phases yet.
Historically, XRP has demonstrated an ability to deliver rapid gains during periods of clarity and momentum. If Wave 3 is indeed underway, traders and long-term holders alike may witness a significant revaluation of the asset over the next few months.
As always, investors should conduct thorough research and consider risk management strategies when positioning for high-potential moves like this one.
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