- 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.
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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.
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