TLDR
- XRP price trades at $2.81 and forms a cup-and-handle bullish breakout pattern.
- Analyst Javon Marks projects XRP could rally toward $127 using fractal analysis.
- BlackRock’s Maxwell Stein is set to speak at Ripple Swell 2025 in New York.
- XRP must clear $3.38 resistance to confirm breakout toward higher targets.
XRP price is drawing renewed attention from both retail and institutional investors. With Ripple Swell 2025 approaching and BlackRock confirmed to attend, market watchers are closely monitoring the cryptocurrency’s price setup. A popular analyst has also projected a long-term target of $127, citing historical chart patterns and Fibonacci analysis.
Chart Pattern Points to Possible Breakout
XRP is currently trading around $2.81 and has been forming a cup-and-handle pattern on the daily chart. This technical setup is often used by traders to identify possible continuation trends during market consolidations.
According to analyst Javon Marks, XRP’s current price pattern resembles its behavior in late 2016 and early 2017. Back then, XRP followed a similar trajectory before its rapid surge in 2017. “This pattern has previously led to exponential gains,” Marks explained in a recent post on X. He suggests that if history repeats, XRP could potentially rise toward $127.
Source: JAVON MARKS/X
Fibonacci extension levels have been added to support this analysis. Marks notes that the $3.38 price area is the next key resistance zone. Once this level is broken, targets at $3.80 and higher could come into view. For now, XRP remains within a descending channel, with prices fluctuating between $2.80 and $2.85. A break above the handle could be the start of the next move upward.
XRP Price Holds Support Amid Growing Market Interest
Despite broader market fluctuations, XRP has held above several key support levels. Traders and investors are watching to see if the token can maintain its momentum as volume starts to increase again.
XRP’s daily chart shows a steady formation within a well-defined price range. Short-term traders are observing the $3.20 and $3.38 levels, while longer-term projections point to much higher targets. The handle of the current cup-and-handle formation has developed as a descending trendline, which typically acts as a short-term barrier before potential breakout attempts.
Source: TradingView
The current consolidation may be viewed as a setup for a continuation of the long-term uptrend. If XRP can break through resistance zones, the next focus will shift to the $3.80 Fibonacci extension, followed by wider targets based on the fractal pattern analysis shared by analysts. These projections remain speculative but are based on past price behavior and recurring technical patterns.
BlackRock to Attend Ripple Swell 2025
Ripple has confirmed that BlackRock will participate in its Swell 2025 event, scheduled to be held in New York. Maxwell Stein from BlackRock is listed among the speakers, joining over 60 other names from various sectors in the financial industry.
This announcement has caught the attention of market analysts and crypto traders. Although BlackRock has not made any commitments regarding an XRP-based ETF, its presence at the event is viewed as a step toward more involvement in the digital asset space. Ripple Swell is known for featuring updates about its products, partnerships, and the broader adoption of blockchain in financial services.
BlackRock’s attendance brings added visibility to the event and reflects growing interest in blockchain technology from traditional finance firms. Ripple has regularly used the Swell conference to showcase new developments, and this year’s event may provide more insights into how major institutions are approaching the use of digital assets like XRP.
Ripple has not commented on whether any formal collaboration with BlackRock is planned. However, the inclusion of such a large asset manager has fueled renewed interest in XRP’s potential role in future financial systems.
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