XRP Could Explode 10X From Here If This Triangle Pattern Holds

XRP remains firmly in the spotlight as analysts offer varied, yet often bullish, projections for its future path.

Trading near $2.24 at press time (May 8, 2025), XRP’s significant price swings continue making it a focal point for traders and investors.

Dark Defender Analysis: XRP Wave Structure Targets up to $6.3

Crypto analyst Dark Defender recently highlighted critical resistance levels for XRP, noting that the cryptocurrency faced resistance at $2.222 and $2.36 before dropping to $2.13.

According to his analysis, XRP is in the final stage of its correction phase and could soon begin an upward move.

He outlined a detailed wave structure, projecting an initial surge to $3, followed by targets of $4.4 and $6.3. Notably, Dark Defender emphasized $1.88 as a critical support level.

Hi all. I hope you are fine!
I couldn’t update you for a while, and I appreciate your patience.

🟠I shared some notes, and as expected, #XRP found resistance at $2.222 and $2.36. This played out, and we touched $2.13 yesterday.

🟡XRP is getting ready to finish the correction… pic.twitter.com/MG4FAYzZ09

— Dark Defender (@DefendDark) May 5, 2025

New Hampshire Law Adds Regulatory Tailwind for XRP

In a noteworthy regulatory development, New Hampshire has positioned itself as a forward-thinking state by signing a new law that allows state investments in cryptocurrency and precious metals.

Attorney Fred Rispoli highlighted that if XRP’s market cap reaches $500 billion this year, it could qualify for the NH digital asset strategic reserve by 2026. Such regulatory support could significantly impact XRP’s long-term price outlook.

According to this law that was passed, if $XRP hits a $500B market cap this year then it is also eligible for the NH digital asset strategic reserve in 2026! https://t.co/urYEFb0K6Q

— Fred Rispoli (@freddyriz) May 7, 2025

Trader Amonyx Presents Bold $20 XRP Target

Another noteworthy analysis comes from crypto trader Amonyx, who has made a bold forecast that XRP could soar to $20 or higher. His analysis is based on symmetrical triangle patterns, which are often seen as indicators of major price movements.

Amonyx’s projection implies a potential 10X price increase from current levels, which would push XRP’s market cap beyond $1.14 trillion. However, balancing his forecast, he acknowledged that symmetrical triangle patterns carry risk, failing to play out bullishly roughly 30-40% of the time.

Broader Market Forces and Potential ETFs Key for XRP’s Path

XRP’s path to higher valuations is not solely reliant on technical analysis. Broader market conditions, including US-China trade talks and Federal Reserve interest rate decisions, could influence its trajectory.

Moreover, institutional support through potential XRP spot ETFs could stabilize the asset’s price, reducing speculative volatility. If these factors align, XRP could potentially realize its bullish forecasts.

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