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The cryptocurrency market is experiencing one of its strongest upswings in recent history, with XRP showing renewed bullish potential following the closure of Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC).
According to Manhar Garegrat, Country Head at Liminal Custody, XRP could realistically trade between $3.5 and $5 for the remainder of the current bull cycle, supported by strong market momentum, broader crypto adoption, and the potential approval of an XRP exchange-traded fund (ETF).
Bitcoin and Ethereum Lead the Market Surge
The bullish forecast for XRP comes amid significant gains across the broader crypto market. Bitcoin (BTC) has surged above $123,000, gaining 7.7% in the past week and setting a new all-time high. Ethereum (ETH) has rallied nearly 30% over the same period, climbing to $4,760 — just shy of its November 2021 record near $4,900.
These rallies have reinforced investor confidence and helped fuel capital inflows into altcoins, with XRP among the key beneficiaries. Over the past week, XRP has risen more than 12% to $3.33, holding firmly above critical support levels.
Ripple vs SEC Case Closure Boosts Sentiment
For years, XRP’s price performance was overshadowed by the Ripple vs SEC lawsuit, which began in December 2020. The SEC had accused Ripple Labs of conducting an unregistered securities offering through its sale of XRP tokens — a legal battle that weighed heavily on market sentiment and hindered adoption.
Now, with the case officially concluded, Ripple is free to focus on partnerships, network growth, and utility-driven adoption without the uncertainty of ongoing litigation.
SEC Commissioner Hester Peirce welcomed the development, noting that the end of the case allows both Ripple and the broader crypto industry to shift resources from legal disputes toward shaping a clear, innovation-friendly regulatory framework.
Analyst: $5 Is “Realistic” in This Cycle
While extreme predictions — such as XRP reaching $100 — have made headlines in the past, Garegrat believes a more moderate approach is warranted.
“XRP has been resilient in this cycle. If market momentum continues along with more global crypto adoption, I can see it realistically holding between the $3.5-$5 range through the rest of the bull run,” he told Coinpedia.
Garegrat also highlighted that the possible approval of an XRP ETF could provide more stability to the asset, enabling greater participation from institutional investors who require regulated investment vehicles.
Technical Outlook: Key Support and Resistance Levels
XRP’s current momentum is underpinned by strong technical support. Price action has remained above the $3.20 support zone, which has acted as a for upward moves. If bulls can break through resistance near $3.50, the next major target lies around $4.20 — a level that could open the door to the $5 psychological barrier.
Volume trends also support the bullish case, with increased buying pressure evident in recent sessions. A break above $4 could trigger short liquidations and drive a faster rally.
Broader Catalysts Driving XRP, Bitcoin, and Ethereum
Three macro factors are converging to support the bullish case for XRP and other major cryptocurrencies:
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Institutional Inflows — Ethereum ETFs have been drawing record investment, signaling growing Wall Street participation in the digital asset space.
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Global Adoption — Cross-border payment solutions, DeFi platforms, and tokenization projects continue to integrate blockchain technology, boosting demand for utility-driven assets like XRP and Ethereum.
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Regulatory Clarity — The Ripple case closure and supportive statements from SEC officials have reduced uncertainty, encouraging both retail and institutional investment.
ETF Approval Could Be a Game Changer
If an XRP ETF is approved, it would mark a major milestone for the token, offering investors a regulated, accessible way to gain exposure without directly holding or storing the asset.
Such a product could replicate the impact seen with Bitcoin ETFs, which have brought billions of dollars in inflows and contributed to BTC’s price surge. For XRP, an ETF could not only stabilize volatility but also expand its investor base globally.
Outlook: Momentum Builds Into Year-End
With Bitcoin and Ethereum setting the pace for the market, and XRP benefiting from renewed optimism, the remainder of the bull run could see substantial gains. Garegrat’s $5 target is now firmly within the realm of possibility — particularly if broader market sentiment remains positive and ETF approval materializes.
For investors, the coming months will be critical in determining whether XRP can break through historical resistance levels and solidify its place alongside Bitcoin and Ethereum as one of the top-performing assets of the cycle.
