According to crypto analyst Will Taylor, XRP may be close to a new bullish phase.
Although not all analysts agree, Taylor’s hypothesis still seems at least plausible, since it is based on fundamentals as well as on technical analysis.
Indeed, at the current stage it is precisely the fundamentals that seem likely to push the price of XRP higher in the coming months, while the picture emerging from technical analysis is more complex.
Summary
The forecast on XRP
According to Taylor, the week that has just ended was epoch-making for the crypto world.
In fact, the Clarity Act was approved by the Senate Banking Committee, greatly increasing the chances that it will become law.
In addition, Kevin Warsh has effectively been confirmed as the new Fed chairman.
Taylor says he is optimistic about the future of crypto, also because he assumes that more liquidity will be injected into the market.
He believes that if policymakers try to stabilize bond markets and support risky assets, cryptocurrencies could be one of the asset classes that could benefit the most.
Specifically, with regard to XRP, he states that Ripple has spent years building a complete financial solution that includes a prime brokerage service, a stablecoin company, a stablecoin itself, a custody infrastructure, clearing solutions, integrations with treasury systems, and systems designed to transfer and settle value on the XRP ledger.
In light of this, he states that when the new crypto regulatory framework is approved (thanks to the Clarity Act), it will finally be possible to verify whether the utility of XRP is real or whether it was just speculation.
Taylor leans toward the first hypothesis.
He adds that if his idea is correct, the potential profit from being right would be enormously greater than the risk of being wrong.
He does not indicate precise target prices, only that if market demand for XRP were actually to increase, its price could benefit greatly.
Technical analysis
For quite some time now, the price trend of XRP in US dollars (XRPUSD) has been going through a consolidation phase.
After falling to $1.2 in February, since then it has done nothing but fluctuate between $1.3 and $1.5 with few exceptions.
Precisely $1.2 acts as strong support, while the main resistance actually seems to be positioned around $1.8.
However, while in the short term the situation seems likely to remain stable, as it has in recent months, in reality in the medium term technical analysis suggests a possible correction.
The crucial point seems to be the resistance placed around $1.5, which has already been broken a few times in recent months, but without success.
The fact is that the possibility of a relatively imminent directional move is emerging, but its direction is not well defined.
Such a picture does not match Taylor’s, but above all because these are two different time horizons, one medium/short term and one medium-long term.
Other forecasts
As for the short term, the prevailing hypothesis is simply a continuation of the sideways movement that has been underway for months.
As seen before, however, things change in the medium term.
Indeed, in the medium-short term it is possible that there will be a downward move, due to the dynamics described above, but by the end of the year a different scenario could also emerge, with a return above $2.
However, there is no unanimous consensus on this, so it cannot be ruled out at all that the bearish scenario may continue in the coming months as well.
It is, however, possible to cite Standard Chartered’s forecast, which sets the end-2026 target at $2.8.
In the long term, however, several optimistic forecasts similar to Will Taylor’s are circulating.
In summary, the technical structure of XRP’s price trend is currently weak in the short and medium term, but the institutional fundamentals are actually improving in a concrete way.
