XRP (XRP-USD) traders are growing increasingly confident that the token could be on the verge of a major move. A combination of bullish technical setups and strengthening on-chain metrics has fueled talk of a “mega breakout,” with some analysts setting sights on $5 by year’s end.
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Technical Setup Suggests XRP Could Double in Value
Analyst Milkybull shared a chart on Tuesday showing XRP forming a cup-and-handle pattern, one of the most recognizable bullish formations in technical analysis. The setup often forms at market bottoms, with the cup representing long-term accumulation and the handle marking a brief pullback before a potential breakout.
If price breaks decisively above the upper handle resistance, the pattern’s depth projects an upside target near $5, suggesting XRP could more than double from current levels around $2.45. Traders say a clean move above the $2.60–$2.70 zone would confirm the structure.
XRP ETF Optimism Adds Fuel
The bullish narrative is getting an extra boost from renewed ETF speculation. Confidence across crypto markets has picked up after the U.S. Senate reached a deal to end the government shutdown, which investors believe could clear the way for long-awaited regulatory approvals.
As of this week, the DTCC website lists 11 XRP ETF products under active and pre-launch status, including proposed funds from 21Shares, ProShares, Bitwise, CoinShares (CNSRF), Canary Capital, and Franklin Templeton. While listings do not guarantee approval, they signal that issuers are preparing infrastructure to go live once regulators give the green light.
ETF analysts Nate Geraci and Eric Balchunas both commented on the developments, suggesting that the end of the shutdown “could open the ETF floodgates” for new crypto products, including XRP spot funds.
On-chain Data Backs the Bull Case
Momentum also appears to be building on-chain. Data from CryptoQuant shows that XRP’s 90-day Spot Taker Cumulative Volume Delta (CVD), which measures whether buyers or sellers dominate market orders, has flipped positive for the first time since June.
This same signal preceded a 75% rally earlier this year. It kicked off one of XRP’s strongest short-term uptrends of 2025. Analysts say the renewed buyer dominance, paired with growing ETF anticipation, mirrors that same setup almost exactly.
If history repeats, and volume expansion confirms the pattern, XRP could be gearing up for another aggressive move higher as the year closes out. At the time of writing, XRP is sitting at $2.4472.
