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XRP’s Next ‘Face-Melting’ Rally Could Hit Within 6 Weeks—Analyst

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Some analysts count on XRP to climb sharply from its present worth of $2.39. According to posts on X by a well-liked analyst often known as Egrag Crypto, the coin is buying and selling on the backside of a descending triangle and will stage a powerful rally within the coming weeks.

Analysts Point To Historical Setups

According to Egrag, two earlier runs give the sample some weight. He in contrast the current chart to strikes in 2017 and 2021. Back then, XRP went from $0.097 to $3.84 throughout a roughly three-month span round 2017–2018.

In 2021, it rose from beneath $0.45 to above $1.90 in two month-to-month candles. Based on these strikes, he expects a comeback inside 4 to 6 weeks and initiatives positive factors of about 300% to 1,400% from at present’s price.

“Mark my phrases: XRP will normally melt faces inside 4–6 weeks, and historical past backs it up with proof,” Egrag, who put a goal vary of $10 to $37 for this cycle, stated.

“I see merchants retreating, scared to lose their 10x positive factors. And that’s high quality , defending income is wise,” he added.

Other market voices have echoed components of that view, reposting Egrag’s chart and wrote that XRP is “busy testing bulls’ religion.”

ETF Filing Moves Forward

Meanwhile, in line with filings and reporting, Canary Capital has taken a key step towards launching a spot XRP ETF within the US. The agency filed a Form 8-A, a transfer that, as soon as Nasdaq indicators off, would let the fund record its shares.

Crypto reporter Eleanor Terrett stated the submitting will turn into efficient at 5:30 p.m. ET as soon as Nasdaq certifies it, and buying and selling is about to begin when US markets open on Thursday, November 14, 2025.

That improvement issues as a result of an ETF could make an asset simpler for a lot of traders to purchase. It doesn’t imply costs will robotically skyrocket. It does imply extra consideration, and that may change market habits in methods which might be exhausting to foretell.

Short-Term Data And Market Tone

At press time, XRP was buying and selling round $2.39, down about 3% during the last 24 hours. Technical merchants give attention to the place the worth sits contained in the triangle sample and watch quantity for affirmation of a breakout.

Some see the construction as a setup for a big transfer both means. Others level out that the market surroundings at present will not be the identical as in 2017 or 2021, given greater buying and selling volumes and totally different regulatory components.

The ETF timing provides a brand new aspect to look at. If Nasdaq approves Canary Capital’s Form 8-A as reported, the primary spot XRP shares may begin buying and selling on Thursday. Markets typically react to such milestones, however how huge that response might be is unknown.

Featured picture from Gemini, chart from TradingView

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