XRP Price Eyes 70% Rally Ahead of CFTC-Regulated Futures Launch on Coinbase

XRP Poised for Breakout Amid Futures Launch and Bullish Technicals

XRP, currently trading at $2.10, has seen a nearly 40% decline since reaching its multi-year high of $3.40 just three months ago. However, the cryptocurrency has managed to hold above key technical support zones, setting the stage for a potential rebound.

Now, market momentum could be reignited by a major fundamental catalyst: the launch of CFTC-regulated XRP futures on the Coinbase Derivatives platform, expected on April 21. The listing is anticipated to inject fresh liquidity and institutional interest into XRP, enhancing market depth and fueling bullish sentiment.\

XRP/USD daily price chart. Source: TradingView

Wyckoff Reaccumulation Signals a Mid-Cycle Rally

Technical analysts are drawing attention to XRP's price structure, which appears to be forming a Wyckoff reaccumulation pattern — a bullish mid-cycle consolidation often seen before major upward moves.

According to analysts, XRP’s consolidation began in late 2024, marking Phases A and B of the Wyckoff pattern. In early April 2025, the asset completed a “Spring” and subsequent “Test,” signaling seller exhaustion and potential accumulation by smart money.

As of April 21, XRP is testing a breakout above the descending “Creek” trendline, a move that, if successful, would mark a “Jump Across The Creek” (JATC) and transition the pattern into Phase D. Once confirmed, Phase E could take XRP 70% higher, targeting $3.55 — the level associated with the pattern’s Last Point of Support (LPS).

Source: X

Furthermore, applying a Fibonacci retracement from the $3.55 swing-high to the $0.14 swing-low yields an extended upside target of $5.65 by June if bullish momentum holds.

Falling Wedge Pattern Reinforces Bullish Outlook

XRP’s technical alignment doesn’t stop with Wyckoff analysis. Another notable bullish pattern forming on the charts is a falling wedge, as identified by popular market chartist “Jobcfx.”

XRP/USD daily price chart. Source: TradingView/Charting Guy

This falling wedge has been tightening since February 2025, creating a structure that typically precedes strong upside moves. A breakout above the wedge’s resistance — currently between $2.20 and $2.40 — would confirm the pattern, with a projected upside target near $4.00 by May.

This target aligns closely with the Phase E breakout zone of the Wyckoff reaccumulation, adding further weight to the bullish thesis.

XRP/USD weekly price chart. Source: TradingView

Bitcoin Could Act as a Market Catalyst

Adding to the bullish scenario, Bitcoin is also forming a falling wedge pattern of its own. A confirmed breakout in Bitcoin, currently priced at $86,671, could amplify bullish momentum across the broader crypto market, including XRP.

Should Bitcoin lead the way, XRP could benefit from renewed investor confidence and rising market appetite, accelerating the path toward its key breakout levels.

Outlook: Bullish Setup Backed by Fundamentals and Technicals

With the Coinbase XRP futures launch on the horizon and multiple bullish technical patterns forming, XRP appears well-positioned for a potential multi-month rally. A successful breakout could bring XRP back above its recent highs — and potentially into new territory by summer.

XRP/USD daily price chart. Source: TradingView

Investors and traders are now watching closely to see if XRP can break above resistance and trigger the long-anticipated Phase E rally, potentially redefining its trajectory for the rest of 2025.