Some analysts expect the price of XRP to rise sharply from its current price of $2.39. According to a post on X by a popular analyst known as Egrag Crypto, the coin is trading at the bottom of a bearish triangle and could see a strong rally in the coming weeks.
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Analysts point to historical settings
According to Igerage, the previous two runs give the pattern some weight. Compare the current chart with movements in 2017 and 2021. At the time, the price of XRP rose from $0.097 to $3.84 over a roughly three-month period from 2017 to 2018.
In 2021, it rose from less than $0.45 to more than $1.90 in two monthly candles. Based on those moves, he expects a return within four to six weeks and expects gains of between 300% to 1,400% compared to today. price.
#XRP –
Weakness? Or just a test of the bulls’ faith?
Lately, I’ve seen a lot #XRP The bulls are turning #bearish
, Frustrated by sideways cutting and boring price action. They say things like “I see a weakness in HTF”.
Let me tell you what I see
:
I see the merchants… pic.twitter.com/5WTibse9r7— Egrag Crypto (@egragcrypto) November 11, 2025
“Mark my words: XRP usually is Melting faces “Within 4 to 6 weeks, and history supports that with evidence,” said Igraj, who set a target range of $10 to $37 for this cycle.
He added: “I see traders afraid of losing 10 times their profits. That’s okay, protecting profits is smart.”
Other market voices echoed parts of this sentiment, reposting the Egrag chart and writing that XRP is “busy testing bulls’ confidence.”
The ETF deposit moves forward
Meanwhile, according to filings and reports, Canary Capital has taken a major step towards this release Spot XRP ETF in the US. The company has filed Form 8-A, a move that would, once Nasdaq signs on, allow the fund to list its shares.
Cryptocurrency correspondent Eleanor Therrett said the filing will go into effect at 5:30pm ET at once. Nasdaq It is ratified, and trading is scheduled to begin when the US markets open on Thursday, November 14, 2025.
This development is important because European Training Foundation It can make purchasing assets easier for many investors. This does not mean that prices will automatically rise. It means more interest, and it can change market behavior in ways that are difficult to predict.
New: @CanaryFunds It filed its Form 8-A. This is the final step before it takes effect at 5:30pm EST on Wednesday once the Nasdaq certifies the listing. When this happens, the last and first hurdle is removed $XRP The spot ETFs are scheduled to launch on Thursday when the market opens. pic.twitter.com/mXvkrrXbiJ
– Eleanor Terret (@EleanorTerrett) November 11, 2025
Short-term data and market tone
At press time, XRP was trading at approximately $2.39, down about 3% over the past 24 hours. Technical traders focus on where price is within the triangle pattern and monitor volume to confirm a breakout.
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Some see the structure as a preparation for a major movement in both cases. Others point out that today’s market environment is not the same as it was in 2017 or 2021, due to greater trading volume and different regulatory factors.
The timing of the ETF adds a new element to watch. If Nasdaq approves Canary Capital’s Form 8-A as reported, the first spot XRP shares could begin trading on Thursday. Markets often react to such milestones, but the magnitude of this reaction is unknown.
Featured image from Gemini, chart from TradingView
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