XRP Price Prediction: Key Fundamental and Technical Catalysts to Watch

XRP, the native cryptocurrency of the decentralized blockchain created by Ripple Labs, remains in a consolidation phase as top peers like Solana, Polkadot, and Cardano experience significant declines. Despite trading at $2.39 at last check on Saturday — a few points below its 2024 highs — key fundamental and technical catalysts could potentially boost its value in the next few months.

XRP Whale Accumulation: A Bullish Catalyst

Whale accumulation is often considered a bullish indicator for cryptocurrencies, as these investors are believed to be more sophisticated. According to data, XRP whales have continued to accumulate the coin despite the worsening mood in the crypto industry.

A prominent crypto investor, Ali Martinez, cited Santiment data, revealing that XRP whales bought approximately 1 billion XRP tokens in the last 48 hours. This significant accumulation is seen as a sign of optimism among these investors.

Ripple ETF Approval Hopes

Polymarket traders are optimistic about the Securities and Exchange Commission (SEC) approving a spot XRP exchange-traded fund (ETF) in 2025. A recent poll with $5,000 in assets places the odds of approval at 68%, while another poll with $30,000 in assets puts the odds of approval by July 31 at 51%.

These hopes have been elevated since Donald Trump’s election win and his promise to be a more crypto-friendly president. The nomination of Paul Atkins as the next SEC chair and the creation of his artificial intelligence and crypto council have also contributed to the optimism.

Crypto ETFs have gained immense popularity among investors, with the ProShares Bitcoin ETF holding over $2.3 billion in assets. Bitcoin ETFs have attracted over $36 billion in inflows, while Ethereum ETFs have $11.6 billion in assets.

XRP Price Has Bullish Technicals

Ripple has formed strong technicals that could push its price significantly higher in the next few weeks. The daily chart shows XRP forming a bullish pennant pattern, a popular continuation sign in trading.

XRP has remained above the 50-day moving average, while the MVRV indicator has dropped to 2.5, indicating that it is undervalued. Key levels to watch include the extreme overshoot point of the Murrey Math Lines, followed by the 2024 high of $2.90 and the psychological level at $3.

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