XRP has surged over 6% today, reaching $2.48 as bullish sentiment sweeps the crypto market. The daily trading volume for Ripple’s native asset spiked by 233% to $10.5 billion, indicating a renewed investor interest. With XRP touching a 24-hour high of $2.57, speculation is mounting on whether the token is poised for a historic rally.
Adding fuel to the bullish outlook, the XRP Futures Open Interest climbed over 15% to $3.76 billion, showcasing heightened enthusiasm among traders. Moreover, ongoing developments in the Ripple vs. SEC lawsuit have intensified market discussions, with Ripple CEO Brad Garlinghouse hinting at a potential legal breakthrough.
Can XRP Hit $38?
Crypto analyst Gert van Lagen has made a striking prediction, suggesting XRP could skyrocket to $38 based on technical indicators and historical trends. His analysis highlights a breakout from a 7-year-old Double Bottom/Ascending Triangle pattern, indicating a parabolic continuation of XRP’s bull cycle.
Van Lagen’s forecast aligns with past XRP price movements, where similar setups have resulted in exponential growth. If history repeats itself, XRP could be on the verge of a major upward move, reinforcing optimism among investors.
$XRP [2W] is set to continue its bull market parabolically after bouncing off the neckline of this 7-year-old Double Bottom / Ascending Triangle, targeting at least $38.
— Gert van Lagen (@GertvanLagen) March 19, 2025
Last break out of lesser caliber brought price twice its parabolic target, so this is very conservative. pic.twitter.com/acgv0ow7dl
Adding to the bullish case, another renowned crypto analyst, EGRAG CRYPTO, has projected XRP will reach $8 in the near term once it surpasses the $2.9 resistance level. Additionally, he anticipates a longer-term surge toward $27 and even a potential three-digit valuation.
What’s Next for XRP?
Several factors indicate a strong rally ahead. Ripple’s Chief Legal Officer Stuart Alderoty’s recent remarks on the SEC lawsuit appeal have bolstered confidence in the community. Meanwhile, the launch of XRP Futures Contracts by Bitnomial has attracted substantial trading activity, further validating XRP’s growing demand.
Also Read: Ripple CEO Hints at Reducing XRP Sales as Legal Battle Shifts in Company’s Favor
As the market continues its recovery, the convergence of legal wins, rising open interest, and expert projections could drive XRP to new heights. Whether the token will hit $38 remains uncertain, but current indicators suggest a bullish trajectory in the coming months.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
