XRP is back in the spotlight as traders eye a potential rally that could more than double its current value.

CryptoBull, a well-followed market analyst, recently shared a chart projecting that XRP could surge to the $7–$8 range within the next few weeks.

At the time of writing, XRP trades at $3.01, with a market capitalization of $179.2 billion and daily volume of $6.65 billion, per CoinMarketCap.

The token has been consolidating near this level after strong gains earlier in the year. According to CryptoBull’s analysis, XRP is forming a bullish cup-and-handle pattern, a structure that often precedes significant upward moves.
The chart suggests that once XRP breaks out of its current narrowing wedge, momentum could accelerate quickly toward the projected $7–$8 target. This would represent a gain of over 120% from today’s price.

Despite the optimism, traders remain cautious. XRP has struggled to hold above the $3 level in recent sessions, and selling pressure persists around key resistance levels. However, if bullish sentiment strengthens, especially amid renewed ETF filings and Ripple’s growing legal clarity, XRP could establish the momentum needed for a breakout.
With market participants closely watching, XRP may soon test whether this bullish setup will play out as forecasted.

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.