{"id":2039,"date":"2025-06-04T17:20:47","date_gmt":"2025-06-04T17:20:47","guid":{"rendered":"https:\/\/bitunikey.com\/news\/a-classic-95-year-old-theory-suggests-xrp-price-could-surge-soon\/"},"modified":"2025-06-04T17:20:47","modified_gmt":"2025-06-04T17:20:47","slug":"a-classic-95-year-old-theory-suggests-xrp-price-could-surge-soon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/a-classic-95-year-old-theory-suggests-xrp-price-could-surge-soon\/","title":{"rendered":"A classic 95-year-old theory suggests XRP price could surge soon"},"content":{"rendered":"
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XRP price has remained in prolonged consolidation this year despite numerous positive developments in its ecosystem.<\/p>\n

Ripple (XRP) was trading at $2.30 on Wednesday, up 40% from its lowest point this year and 33% below its January high.<\/p>\n

XRP has had several catalysts this year. First, the odds<\/a> that the Securities and Exchange Commission will approve XRP exchange-traded funds later this year have jumped to a record high of 98%. An XRP ETF could be approved as soon as the SEC completes its review of Franklin Templeton\u2019s fund this month. However, the more likely scenario is a delay in approval as it continues to review other filings.<\/p>\n

Companies have started adding XRP to their treasuries, emulating MicroStrategy\u2019s approach. VivoPower raised $121 million, while Webus, a Chinese company, raised $300 million. Hyperscale Data plans to buy XRP tokens worth over $10 million. More companies may follow this trend by adding XRP tokens to their balance sheets.<\/p>\n

<\/p>\n

The SEC recently withdrew its appeal against Ripple, a move that could make it easier to secure deals with major U.S. banks. Partnerships are key to RippleNet\u2019s growth as it aims to compete with Swift.<\/p>\n

Ripple USD, its stablecoin, has gained MiCA compliance in Europe and received a license in Dubai <\/strong>this week. It aims to become a major player in the stablecoin industry that is estimated to be worth over $1.6 trillion<\/a> by 2030.<\/p>\n

CME, the giant financial services company, recently listed XRP futures contracts, and data<\/a> shows that it is gaining traction among Wall Street investors.<\/p>\n

XRP price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>\n<\/figure>\n

XRP price chart | Source: crypto.news<\/p>\n

The Wyckoff Method, a theory proposed over 95 years ago, suggests that the XRP price is on the cusp of a significant rally in the coming weeks or months. The theory outlines four stages that assets move through: accumulation, markup, distribution, and markdown.<\/p>\n

XRP has now entered the accumulation phase, characterized by low volume and low volatility. The Average True Range, a popular indicator for measuring volatility, has dropped to its lowest level since November of last year.<\/p>\n

Additionally, the volume indicator has been in a strong downtrend, while the accumulation\/distribution line has trended upward. Therefore, it is likely the coin will soon move into the markup phase, which is marked by higher demand than supply.<\/p>\n

This outlook is further supported by the formation of a bullish pennant pattern, with its two trend lines nearing convergence. A bullish breakout could initially push the price to this year\u2019s high of $3.3585, followed by a move toward $5.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

XRP price has remained in prolonged consolidation this year despite numerous positive developments in its ecosystem. Ripple (XRP) was trading at $2.30 on Wednesday, up 40% from its lowest point…<\/p>\n","protected":false},"author":1,"featured_media":840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2039"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2039\/revisions"}],"predecessor-version":[{"id":2040,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2039\/revisions\/2040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/840"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}