Expert Predicts XRP Price Rally To $32 After 8 Months Consolidation Pattern

XRP price may be preparing for a major move as it completes a long consolidation phase. Experts believe this setup could trigger a rally toward $32 or more. The forecast comes amid technical patterns, increased activity on the network, and ongoing institutional developments.

A recent analysis from CrediBULL Crypto shows XRP price consolidating above its previous monthly all-time high which suggest that XRP is close to a strong upward move.

XRP Price Consolidates Above Previous Cycle High

XRP price has stayed above its earlier monthly all-time high of $1.90 for over eight months. The asset broke past that level during a sharp move from $0.50 to a local high of $3.60. Since then, it has remained in a narrow trading range.

On the monthly chart, XRP shows a bullish consolidation just below the $3.60 level. Each monthly candle has closed above the $1.90 support, which was previously a major resistance. This pattern suggests buyers are active and may be preparing for the next price movement.

Source: X
This feature has attracted attention to the structure that appears in a clean form. Compared to a lot of other altcoins, XRP trend has seen less correction and a longer-term direction. This is seen by some analysts as a precursor to the next big move.

Elliott Wave Model Projects Multi-Leg Breakout

The Elliott Wave model by CrediBULL Crypto refers to the upward move between $0.50 and $3.60 as Wave (i). The recent sideways trend is viewed as Wave (ii) that may be followed by more forceful Wave (iii) impulse.

The most elongated aspect of the Elliott cycle usually is the wave (iii). In the case of XRP, this next leg is estimated at between $8 and $12. Subsequently, Wave (iv) can bring XRP price to $32 by 2026.

This is supported by the trend of Bitcoin as well. According to CrediBULL Crypto, Bitcoin is currently passing through Wave (iv) of its formation and a final Wave (v) price could reach as high as $200,000. XRP is usually following Bitcoin with increased volatility which could provide greater percentage upside.

Ripple Lawsuit End and Network Growth

The SEC’s 4-year lawsuit against Ripple is finally nearing its conclusion. Specifically, Ripple has already agreed to drop its cross-appeal, signaling an effort to close the case. This has reduced legal uncertainty and improved confidence in XRP’s outlook.

Ripple also confirmed on July 2 that it had applied for a national banking charter and a Federal Reserve master account. If approved, Ripple could offer services like FDIC-insured accounts and access to FedNow and Fedwire.

Vincent Van Code, a software engineer and XRP advocate, called this a turning point. “They will be the very first crypto bank,” he said in a post on X. He added that these changes could support XRP’s integration with traditional finance.

Ripple’s plans to issue RLUSD, a stablecoin, and expand RippleNet also form key parts of its growth strategy. Analysts expect this will increase XRP’s use in payment systems and cross-border transfers.

There are also developments with central banks. Ripple has formed partnerships with 50+ countries to support CBDC-related services. This may allow XRP to act as a bridge asset in digital currency exchanges.

Analyst Predicts XRP Price Rally to $30–$50

Meanwhile, another crypto analyst Van Code has shared a forecast, saying XRP price could reach $30 to $50 during the next major crypto market cycle. He based this prediction on institutional inflows, regulatory support, and real-world use cases.

He stated, “This is no hype. I’m not a prophet, but the path forward is clearer than ever.” He added that a spot XRP ETF could bring $20–50 billion in new investments into the market.

Concurrently, XRP saw over 1.6 million transactions in the past day, with more than $500 million moved between wallets. Network activity like this often grows before major price shifts.

Van Code also pointed to Ripple’s collaboration with the Saudi central bank in 2024. He speculated that XRP could be used for oil settlement payments in the future.

These developments have raised XRP ETF approval chances to 87%, which may be a key trigger for further price movement in the coming months.