In this XRP price forecast, we present technical analysis that supports a bullish outlook for Ripple’s native asset.
XRP Price Jumps 3.7% Following Pro-Crypto Remarks from New SEC Chairman
XRP has climbed 3.7% in the past 24 hours, now trading at $2.54, after newly appointed SEC Chairman Paul Atkins made encouraging statements about the crypto sector.
Speaking at a roundtable on tokenization, Atkins—a known pro-crypto advocate under the Trump administration—emphasized that “the Commission must keep pace with innovation and consider whether regulatory changes are needed to accommodate on-chain securities and other crypto assets.”
XRP’s recovery from session lows was further supported by broader market optimism, following news that the U.S. and China reached a temporary tariff reduction deal, keeping levies at 10% as negotiations continue over the next 90 days.
SEC Chair Vows to Support U.S. Crypto Leadership, Fueling Bullish XRP Momentum
SEC Chairman Paul Atkins reaffirmed his pro-crypto stance, stating the agency would “do everything in its power to fulfill the President’s vision of making America the crypto capital of the world.” This regulatory shift has injected renewed optimism into the market, providing a strong tailwind for XRP’s bullish outlook.
XRP Price Forecast: Elliott Wave Analysis Points to $7 Target
Despite a challenging Q1 marked by bearish conditions, XRP has surged 22.7% year-to-date, outperforming all other top 5 cryptocurrencies so far in 2025.
Trading activity has also intensified. In the past 24 hours, volume soared to $10.6 billion, representing 7.2% of XRP’s total circulating supply. This marks the highest buying pressure seen in months, reflecting a major shift in sentiment.
Technical analysts point to a developing Elliott Wave structure that supports a medium-term target of $7, provided the current bullish momentum continues and resistance levels are cleared in upcoming sessions.
XRP Eyes $7.14 as Wave 5 Rally Gathers Steam — EMA Bounce Signals Strong Momentum
After rebounding from the 200-day exponential moving average (EMA), XRP appears to have reignited its bullish momentum. This critical support level now serves as a launchpad for the next leg up.
The immediate and most significant resistance lies at $3.40. A confirmed breakout above this zone would likely trigger the onset of Elliott Wave 5, aligning with the projected $7.14 target shown in recent technical charts.
As long as the 200-day EMA continues to hold, any short-term dips should be viewed as strategic buying opportunities.
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