XRP could potentially reach $20, with analysts citing bullish technical patterns and strong accumulation over seven months. Large pullbacks before big breakouts signal a potential strong launch point for XRP, which is currently trading at $2.84. A Ripple ETF approval by year-end is now at nearly 88% odds.

Teucrium’s XXRP ETF and ProShares’ UXRP ETF are seeing significant inflows, with XXRP adding $18.2 million last week. Betting markets indicate high odds of a Ripple ETF approval by 2025, and on-chain signals show record whale wallets holding XRP. Technical signals support a bullish outlook for XRP.

XRP’s price is currently at $2.71, showing signs of renewed momentum as the MACD flips bullish. Volume data suggests a potential breakout, with strong buy volume and decreasing bear pressure. The digital asset has built a double bottom and broken out from bullish patterns, with the next major test at $3.20-$3.50.

The XRP Ledger (XRPL) is a blockchain designed for fast, cheap cross-border payments, with XRP as its native cryptocurrency. The SEC lawsuit clarity could lead to more institutional adoption and ETF approvals, making XRP a viable alternative to older payment systems like SWIFT.

Read more at Yahoo Finance: XRP analyst targets $20 as XRP ETF odds climb to 87%