TL;DR
Ever since it failed at $3.35 in mid-August, XRP was in a downward trend that drove it to a multi-month low at $2.7 at the beginning of September. However, the asset reacted well to this decline and bounced toward $2.90 in the following days.
It tried to challenge the coveted $3.00 resistance on a couple of occasions last week, and after a few failures, managed to break through it decisively on Friday. As many analysts predicted, this unlocked another leg up that pushed XRP to a monthly peak of $3.19 (on Bitstamp).
It’s interesting that this 13% weekly increase comes in a rather unfavorable period for the token and the company behind it. Recall that just a few days ago, whales disposed of over $120 million worth of XRP in just 24 hours. Additionally, the US SEC continues to delay making a decision on the spot XRP ETF applications, with the latest to see its deadline extended being the filing from Franklin.
Now that XRP has seemingly cleared the resistance at $3.00 and $3.05, Ali Martinez outlined the next target on its way to a new all-time high at $3.6. He is not alone in this projection, as Steph Is Crypto believes XRP is on the verge of another double-digit rally that will take it toward those levels as well.
CryptoInsightUK shared an identical chart, in which XRP could reach a “minimum target” of $3.60 if it closes above the descending trendline (currently above it).
Strong 3 Day close for $XRP.
A close above our descending trendline. Minimum target $3.60.
Bullish cross on the RSI.
The wave count here is still valid (time not to scale).
Looking for some strong follow through price action into the weekly close tomorrow. pic.twitter.com/fL0VOYW64g
— Cryptoinsightuk (@Cryptoinsightuk) September 13, 2025
Altcoin Gordon was even more bullish, indicating that once XRP breaks out of its months-long consolidation phase, it will go beyond the current all-time high of $3.65 and set a new one at $6.00.
The post Why Is Ripple’s (XRP) Price Up Today and What’s Next? appeared first on CryptoPotato.
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