Some analysts expect XRP to rise sharply from its current price of $2.39. According to posts on X by a popular analyst known as Egrag Crypto, the coin is trading at the bottom of a descending triangle and could trigger a strong rally in the coming weeks.
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Analysts point to historical settings
According to Egrago, two earlier tests give the sample some weight. He compared the current chart with movements in 2017 and 2021. Then XRP went from $0.097 to $3.84 in roughly a three-month span from 2017 to 2018.
In 2021, it rose from below $0.45 to above $1.90 in two monthly increments. Based on those moves, he expects a rebound within four to six weeks and predicts gains of around 300% to 1400% from today’s price.
#XRP – ⚔️ Weakness? Or just testing the faith of the bulls? 💎
I have seen many lately #XRP The bulls are turning #Bearish 😔, frustrated with the side cut and boring prices. They say things like “I see weakness on HTF.”
Let me tell you what I see 👁️🗨️:
I see traders… pic.twitter.com/5WTibse9r7— EGRAG CRYPTO (@egragcrypto) November 11, 2025
“Mark my words: XRP will usually melt faces within 4-6 weeks, and history backs it up with evidence,” said Egrag, who set a target range of $10 to $37 for this cycle.
“I see how traders are afraid of losing ten times their gains. And that’s fine, protecting profits is smart,” he added.
Other market voices echoed parts of that view, reposting Egrag’s chart and writing that XRP is “busy testing bulls’ faith.”
The ETF application is moving forward
Meanwhile, according to filings and reports, Canary Capital has taken a key step towards launch spot XRP ETF in the US. The company filed a Form 8-A, a move that, once Nasdaq signs off, would allow the fund to list its shares.
Crypto reporter Eleanor Terrett said the application will take effect at 5:30 PM ET once Nasdaq it confirms, and trading is scheduled to begin with the opening of US markets on Thursday, November 14, 2025.
This development is important because an ETF it can make it easier for many investors to buy property. This does not mean that prices will automatically skyrocket. That means more attention, and that can change market behavior in ways that are hard to predict.
🚨NEW: @CanaryFunds he filed Form 8-A. This is the final step before it takes effect at 5:30 PM ET on Wednesday after Nasdaq confirms the listing. When this happens, the last obstacle is removed and the first $XRP The spot ETF will be set to launch on Thursday at the market open. pic.twitter.com/mXvkrrXbiJ
— Eleanor Terrett (@EleanorTerrett) November 11, 2025
Short-term data and market tone
At press time, XRP was trading around $2.39, down about 3% in the last 24 hours. Technical traders focus on where price is within the triangle pattern and watch volume for confirmation of a breakout.
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Some see the structure as a setup for a big move in any direction. Others point out that the market environment today is not the same as in 2017 or 2021, given higher trading volumes and different regulatory factors.
ETF timing adds a new element to watch. If Canary Capital’s Form 8-A is approved by Nasdaq as reported, the first spot XRP shares could start trading on Thursday. Markets often react to such turning points, but it is not known how big the reaction will be.
Featured image from Gemini, chart from TradingView
