XRP Price Prediction: Will IMF Support Drive Ripple To $24?
Key Insights:
- XRP broke a multi-month downtrend, signaling potential bullish momentum above the $2.10 level.
- The IMF and WEF cited Ripple Ledger as a solution for cross-border payments and trapped capital.
- Technical patterns suggest XRP could mirror historical breakouts, with targets between $5 and $24.
XRP price rallied after experiencing multiple months of consolidation amid bearish market conditions. Analysts have predicted a bullish outlook for Ripple. Technical and institutional indicators support its potential upward momentum.
XRP Price Prediction: Key Resistance Broken After Prolonged Downtrend
Crypto analyst XRP Steph pointed out that the XRP price surpassed a downward trendline, functioning as resistance from January 2025. The token moved above $2.10, marking the fifth test of the trendline.
Previous bullish attempts were rejected four times before this breakthrough. The price break signified short-term market momentum change as buyers started to take charge of the market.
Ripple has faced repeated resistance attempts at the $2.10 level during previous weeks. The successful breakout propelled the XRP price to approach $2.20, indicating potential for continued upward movement.
Historical breakout patterns have often resulted in rapid price surges. These gains were driven by high trading volumes and sustained bullish momentum.
Ripple Ledger Mentioned in IMF and WEF Reports
According to recent talks between the IMF and the WEF, the Ripple Ledger is a potential solution for cross-border settlement. The conversation arose while exploring ways to enhance financial system liquidity.
It also focused on addressing global infrastructure challenges affecting remittances and pre-funded payments. Consequently, the report reviewed digital ledger systems for international transaction processing and identified Ripple Ledger as one of the evaluation options.
According to the provided text, the ISO 20022 global financial messaging standard uses XRP as a bridge currency. Through this framework, cross-border payments gain speed and reduce costs by offering system-wide interoperability.
In other developments, Ripple secured the initial blockchain payment service provider license from the Dubai Financial Services Authority (DFSA). The license grants Ripple authority to provide regulated solutions, including secure crypto custody services and global payment transfers.
With this latest development, Ripple’s presence in the Middle Eastern market is strengthening. At the same time, it continues driving blockchain integration with traditional financial institutions. This strategic move strengthens confidence about XRP’s future use in the market.
Technical Setup Points XRP Price to $24 in the Long Term
Further on XRP price prediction, the multi-year price action has developed into a symmetrical triangle pattern. This started after reaching its 2021 peak.
Analyst Amonyx highlighted historical data from 2017, revealing a past symmetrical triangle pattern. This formation previously triggered rapid price growth, suggesting potential for a similar outcome.
He added that this could indicate a similar outcome from the present pattern. The analyst forecasts that the XRP price could rise to $5–$24 within the next 12 to 18 months. This prediction is based on a repeating price movement pattern observed in past market cycles.
A large ascending wedge pattern identified in the XRP chart featured three essential resistance points at $5.20, $10.00, and $24.76. The price levels correspond to both Fibonacci extensions and historical psychological barriers.
Besides, the key resistance point is $3.30, which XRP tested in early 2025. The path to higher ranges can be confirmed once this resistance point is cleared.
Another XRP forecast by Analyst Charting Guy indicated a strong upward price movement starting from late May 2025. According to the chart, the price will break out at $3, then rise to $8.
After reaching the peak, XRP consolidates in a tight range, indicating higher-level stability. This forecast reflects potential price expansion if key resistance levels are surpassed.
At the time of writing, XRP price was trading at $2.21 with mild 1-day gains of 0.08%. Price faced resistance at $2.25 while support held near $2.20, falling 24-hour volume by 35.40%.
