XRP Exhibits Strong Institutional Demand, Analysts Forecast Major Rally

XRP is showing strong signs of a potential major rally, supported by both technical patterns and fundamental catalysts. Analysts like CryptoInsightUK and CryptoWZRD point to XRP's breakout from long-term consolidation and bullish fractal patterns, with price targets ranging from $4.20 to as high as $8 in the mid-term. Institutional interest is robust, as evidenced by heavy inflows, futures open interest surpassing $8 billion, and significant accumulation by whale wallets, despite some volatility due to elevated exchange reserves and ETF speculation. The upcoming potential launch of XRP DeFi solutions and an anticipated XRP ETF decision are seen as key drivers for further gains. Some analysts, like Egrag Crypto, are even forecasting a parabolic rally to $17 by 2025 if XRP breaks critical resistance levels and achieves a new all-time high. However, cautionary views exist, with experts warning that extremely high price targets, such as $3,000, may benefit only a few investors, highlighting ongoing debate about the token's ultimate upside.