XRP Price May Be Approaching a Turning Point, as One Popular Analyst Highlights Clear Signals of a Major Move Ahead

XRP price may be nearing a turning point, as a popular analyst highlights clear signals of a major move ahead. The token currently trades at $2.3178

One popular analyst sees clear signs of a major move ahead for XRP price, which may be nearing a turning point.

The token currently trades at $2.3178, down 31% from its yearly high and offering potential for substantial upside. Technical patterns and key market events suggest a possible 335% surge in the next six months.

Dennis Liu, a noted investor and host of the VirtualBacon podcast, shared a detailed analysis using the XRP/BTC pair. He identified a rounded top formation with support at 0.00002200, which has already broken. According to Liu, this price movement mirrors past altcoin breakouts and may signal a new value zone.

“I’ll buy $XRP when this happens

I’ve never held $XRP. But that might be about to change.

One key signal is setting up and if it triggers in the next 3–6 months, I’ll finally add $XRP to my portfolio.

Here’s what I’m watching

— VirtualBacon (@VirtualBacon0x) May 24, 2025″

The technical setup resembles patterns seen before major altcoin rallies such as Ethereum in 2021 and Solana in 2023. Liu believes that this breakdown could attract significant demand, preparing the XRP price for a sharp rebound. Historical data from November 2024 shows a similar setup led to a 500% XRP price jump.

XRP Price Could Soar If Bitcoin Climbs

According to Liu’s analysis, XRP price action depends on Bitcoin’s performance. He explains that if Bitcoin remains in the $100,000 to $112,000 range, XRP could fall to around $1.80. That range could offer a good entry point for buyers anticipating a bullish breakout.

However, if Bitcoin climbs to $128,000, XRP may remain stable or dip slightly before moving higher. Even in this scenario, the price range of $1.80 to $1.85 is expected to attract buying interest. Liu considers this the most likely moment to buy the dip and hold for long-term gains.

He forecasts that XRP price can reach $10 if momentum builds after such a correction. A rise to this level would reflect a 335% increase from current prices, which has historical precedent. The analysis outlines a window of three to six months for this potential move.

SEC Lawsuit End and Futures Launch Add Momentum

The conclusion of the SEC lawsuit removes a major barrier for Ripple in the U.S. market. With the case settled, Ripple can now expand its services, especially to banks using RippleNet. This legal clarity gives investors more confidence in XRP’s long-term prospects.

Meanwhile, the CME launched XRP futures, which have already seen strong demand. This allows institutions to gain regulated exposure to XRP products. VolatilityShares has also filed for an ETF tracking XRP futures, indicating further institutional interest.

Other asset managers may follow suit, which could boost the XRP price through increased liquidity and investor access. As seen with Bitcoin futures ETFs, early adoption often leads to rapid asset growth. This development forms a strong fundamental base for future XRP price appreciation.

ETF Approval and Stablecoin Growth Support Bullish Outlook

There is growing speculation that Canada may approve a spot XRP ETF through Purpose Investments. Market odds suggest a greater than 80% chance of approval, and analysts expect substantial capital to flow into such ETFs. JPMorgan projects that up to $8 billion could move into these ETFs within a year.

If regulatory conditions permit, an XRP ETF in the U.S. could follow, providing another catalyst for the XRP price to rise. Additionally, Ripple’s stablecoin, RLUSD, has reached a market cap of $315 million, demonstrating rapid expansion. These developments suggest the company is positioning itself for broader adoption in the financial markets.

Furthermore, reports indicate that Ripple is in discussions to acquire Circle, which would significantly strengthen its presence in the stablecoin sector. If the deal proceeds, Ripple would become the second-largest stablecoin issuer, considering USDC’s market capitalization.