XRP Price Set for $12 Target Against Bitcoin
XRP could soon enter an explosive growth phase, with a $12 target set by technical analysts based on the Elliott Wave model.
XRP price is consolidating in an accumulation zone as the global cryptocurrency market undergoes a correction, but the altcoin's long-term outlook remains bright. Based on the Elliott Wave model, analysts expect XRP to launch a fifth wave of the rally with a price target of up to $12, representing a gain of more than 2,900% from current levels.
XRP ETF and Growth Momentum
Investor confidence has been boosted by rumors of a possible XRP exchange-traded fund (ETF) launching by the end of 2025. This has helped XRP price stay above $2 for most of 2025, despite the broader market experiencing a nearly 8% decline over the past week.
In addition, a potential legal victory against the US Securities and Exchange Commission (SEC) has helped Ripple consolidate its position in the global digital asset market, contributing to XRP becoming one of the strongest growing altcoins to date.
Technical Signals: XRP/BTC Ready for Breakout
The XRP/BTC pair is trading in a tightening range – which is often a sign of a strong breakout. With the current price around 0.00002281 BTC,
technical analysts expect that once XRP breaks the resistance at 0.00002304 BTC, a strong uptrend could be established, taking the pair back to the levels it reached in the first quarter of the year such as 0.00003107 BTC and even 0.00003332 BTC – the pair’s all-time high.
XRP Outperforms Bitcoin
Year-to-date, XRP has gained more than 305%, while Bitcoin has gained only about 48%, according to data from TradingView. This outperformance suggests that XRP is not only gaining traction among retail investors, but is also starting to attract institutional capital – especially if an XRP ETF becomes a reality.
Risks and Considerations
However, investors should still be cautious about factors that could affect the uptrend:
A deep correction in Bitcoin could drag the entire market down, including XRP.
Risks and regulatory issues between Ripple and regulators in some regions could add short-term pressure.
Conclusion
With the combination of technical factors, ETF expectations, and strong market momentum, XRP is well placed to set a new high in 2025. If the Elliott Wave pattern is confirmed, a target of $12 is not too far away.