3 signs indicate that XRP will break through rapidly after 4 months of consolidation, with hopes to rise to $5.

According to Gate News bot, as reported by Cointelegraph, the XRP price has been hovering between $2.00 and $2.60 since the beginning of March, without a clear direction. However, some factors indicate that this stagnation may soon be replaced by a significant breakout into double digits.

(Source: Cointelegraph/Tradingview)

Ripple's strategic move to expand its ecosystem is a significant catalyst for the potential breakthrough of XRP. The $1.25 billion acquisition of major broker Hidden Road further strengthens the company's ambition to cater to institutional investors. Ripple stated that it will use its stablecoin RLUSD as collateral for a series of brokerage services offered by Hidden Road.

Ripple's Chief Technology Officer David Schwartz stated that more acquisitions are in preparation.

"Our mergers and acquisitions team is very busy," Schwartz told DL News in New York, adding, "We have multiple potential acquisitions at different stages, from early to late." Ripple has been actively courting traditional financial companies, including notable acquisitions such as Metaco and Standard Custody.

According to Schwartz, Ripple also plans to upgrade its XRPL blockchain to enhance "programmability" and launch a new lending protocol.

The latest collaboration with Wormhole aims to expand the XRP ledger (XRPL) and its upcoming multi-chain interoperability on the XRPL EVM sidechain.

These upgrades are reminiscent of the evolution of Ethereum, promising to enhance scalability and interoperability, thereby boosting the demand for XRP in cross-border payments and DeFi applications.

As Ripple strengthens its infrastructure and partnerships, the potential increase in its adoption rate may drive demand, thereby pushing the price of XRP to break through its current range.

Driven by increased institutional participation and market liquidity, the continuous growth of CME XRP futures exposure could catalyze a significant breakthrough in the price of XRP.

According to the latest report from CME Group (, since the launch on May 19, the nominal trading volume of both standard and micro XRP futures contracts has exceeded $542.8 million, indicating strong demand from both institutional and retail investors.

"The launch of XRP futures quickly sparked strong interest and widespread participation in the market," explained the CME, noting that the trading volume reached 19.3 million dollars on the first day, involving 15 companies and 4 retail trading platforms. It added, "The diverse participation from ETF issuers to individual retail traders highlights the strong demand for XRP futures."

CME also emphasized that more than 24,600 contracts were traded in the first month, with nearly 50% of participants coming from outside the United States.

In addition, the likelihood of the spot XRP ETF being approved is very high, which will attract more funds into XRP investment products, solidify its status as a mainstream asset, and drive up its price.

Currently, the probability of the XRP ETF on Polymarket being approved before December 31 is 76%.

XRP price technicals suggest a breakout is forthcoming

Cryptocurrency analyst XForceGlobal states that the XRP price may be preparing for a major breakthrough.

The analyst stated on X that the recent pullback to $1.90 "has laid the foundation for a faster upward path," adding that the price has re-tested the key Fibonacci 0.618 level around $2.00.

The attached image shows that Elliott Wave analysis predicts the XRP price may break through 5 dollars.

![])https://img.gateio.im/social/moments-b145d12592-70bead2405-153d09-62a40f(

(Source: XForceGlobal)

XForceGlobal stated in a previous article that the target price for this cycle is between 20 and 30 dollars. This aligns with Egrag Crypto's analysis, which predicts that the target price for XRP, based on the Fibonacci extension lines centered on a symmetrical triangle, is between 8 and 27 dollars.

If XRP breaks through the triangular flag pattern, it may trigger the next round of upward momentum. The current price is 14 dollars, which is an increase of 564% from the current price.