- XRP has surged over 550% since November, fueling predictions of a potential $30 price this cycle.
- However, weak blockchain activity and high profit-taking risk raise doubts about reaching that target.
XRP has experienced a remarkable rally, rising more than 550% since November and trading above $3. This rapid increase has sparked speculation among investors about whether XRP could reach $30 during the current market cycle. While the price momentum excites traders, questions remain about the coin’s long-term potential.
ALSO READ;Ripple’s $20 Dream: 3 Catalysts That Could Send XRP to New Heights
Analysts Eye $34 by 2026
Technical analyst Gert van Lagen highlights a double-bottom pattern in XRP’s price chart, similar to 2014–2017. During that period, years of sideways movement were followed by explosive gains. Using Fibonacci projections, Van Lagen estimates a possible XRP price of $34 in the first half of 2026.
$XRP [2W] – Ripple is ready to rip.
The 7-year double bottom has broken out at ❌
The neckline was successfully retested at 🔵ATH cleared — first target near ~$34, at 2.00 fib. extension of double bottom.
–> Compare with 2014-2017 setup pic.twitter.com/aVk0lxp03O
— Gert van Lagen (@GertvanLagen) August 11, 2025
Market optimism is further fueled by the potential approval of a U.S.-based XRP exchange-traded fund (ETF). Forecasts suggest a positive decision could push XRP close to $27, supporting bullish investor sentiment.
Concerns Over XRP’s Fundamentals
Despite bullish signals, doubts about XRP’s fundamentals persist. The total value locked in XRP smart contracts is only $85 million, small compared to its $190 billion market cap. For context, Ethereum’s market cap is smaller but has significantly higher blockchain activity.
Additionally, over 95% of XRP holders are currently in profit. Historically, such conditions have led to selling pressure as investors take gains, which could slow or reverse price growth.
Will XRP Reach $30?
The possibility of XRP reaching $30 depends on both technical patterns and fundamental confidence. Strong chart formations and potential ETF approval support a bullish outlook, but weak on-chain activity and profit-taking risk remain key challenges. Traders should watch both market sentiment and blockchain metrics closely to gauge XRP’s next moves.
ALSO READ:IOTA Wallets Surpass 600,000 as E-Sports Fan Tokens Drive Growth
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.