XRP prices 70% rally leading to the launch of Futures controlled by CFTC on Coinbase
XRP (XRP) dropped almost 40% from hitting a multi-year high $ 3.40 three months ago.
However, the ability to handle above the basic technical support levels, combined with a potential list of market derivatives, has motivated some analysts to maintain a bullish outlook for months ahead.
Coinbase XRP Futures can launch on April 21
From a major perspective, the XRP may receive a strengthening from the expected launch of XRP futures contracts On the Coinbase Derivatives platform, which is scheduled for April 21 under the supervision of the US Commodity Futures Trading Commission (CFTC).
This development can injure fresh liquidity and institutional interest in the market, which helps to cultivate technical breakouts that are expected to be above.
XRP price chart painting wyckoff reaccumulation
The continuous phase of integration -with XRP Charting guy.
The Wyckoff reaccumulation pattern is a mid-cycle structure that often precedes the next leg of a greater climbing. It suggests that smart money absorbs the supply during the cooldown, which sets the stage for a potential breakout.
The XRP established support and began integration -with the late 2024, marking phases A and B of the reackoff reaccumulation pattern. In early April 2025, the price was formed by a “spring” followed by a successful “trial,” which signed the seller’s fatigue.
Until April 21, the XRP is trying to break above the “creek” downward.
A breakout will confirm a “jump across the creek” (JATC) and enter phase D. If confirmed, the XRP can enter phase E and rally 70% towards $ 3.55 in the coming weeks, a degree that aligns with the final point of pattern support (LPS).
A fibonacci retracement graph drawn from $ 3.55-swing-high to $ 0.14-swing-low presents $ 5.65 as reversed target for June if the XRP price breaks above $ 3.55.
Wedge falling is aligned with the Bullish Perspective of XRP
The reversed view aligned with the existing falling XRP wedge pattern, as Batang -Batat Through the “JobCFX” chartist in X.
Interestingly, the bullish reversal structure has been narrow since February 2025. A breakout above the upper wedge, which is currently around the $ 2.20-2.40 area, will signal the start of a new rally.
The fall of wedge breakouts usually targets a move equal to the maximum pattern height.
In the case of XRP, if it breaks above $ 2.20, the expected reversal target for May lands near $ 4.00, which is aligned with the Phase E Breakout Zone of Wyckoff Reaccumulation.
Related: XRP Price Analysts Project $ 10 Next, ‘Optimistic’ Target $ 20
Noticeably, Bitcoin (Btc) Ay also forms a falling wedge pattern In its chart. If confirmed, a bullish breakout in Bitcoin can act as a catalyst for the Altcoin market, which potentially accelerates the upward XRP momentum.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
