{"id":127606,"date":"2025-04-21T11:18:40","date_gmt":"2025-04-21T11:18:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127606"},"modified":"2025-04-21T11:18:40","modified_gmt":"2025-04-21T11:18:40","slug":"xrp-price-eyes-70-rally-ahead-of-cftc-regulated-futures-launch-on-coinbase","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127606","title":{"rendered":"XRP price eyes 70% rally ahead of CFTC-regulated futures launch on Coinbase"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsXRP (XRP) has dropped nearly 40% since hitting its multi-year high of $3.40 three months ago.<br \/>\nStill, its ability to hold above key technical support levels, combined with a potentially market-shifting derivatives listing, has prompted some analysts to maintain a bullish outlook for the months ahead.<br \/>\nXRP\/USD daily price chart. Source: TradingViewCoinbase XRP futures may launch on April 21<br \/>\nFrom a fundamental perspective, XRP may receive a boost from the anticipated launch of XRP futures contracts on the Coinbase Derivatives platform, scheduled for April 21 under the US Commodity Futures Trading Commission\u2019s (CFTC) oversight.<br \/>\nSource: XThis development may inject fresh liquidity and institutional interest into the market, helping catalyze the technical breakouts projected above.<br \/>\nXRP price chart painting Wyckoff reaccumulation<br \/>\nXRP\u2019s ongoing consolidation phase resembles a classic Wyckoff reaccumulation pattern, according to technical analyst Charting Guy.<br \/>\nThe Wyckoff reaccumulation pattern is a mid-cycle structure that often precedes the next leg of a broader uptrend. It suggests that smart money is absorbing supply during the cooldown, setting the stage for a potential breakout.<br \/>\nXRP established support and began consolidating in late 2024, marking Phases A and B of the Wyckoff reaccumulation pattern. In early April 2025, the price formed a \u201cSpring\u201d followed by a successful \u201cTest,\u201d signaling seller exhaustion.<br \/>\nXRP\/USD daily price chart. Source: TradingView\/Charting GuyAs of April 21, XRP is attempting to break above the descending \u201cCreek\u201d trendline.<br \/>\nA breakout would confirm a \u201cJump Across The Creek\u201d (JATC) and entry into Phase D. If confirmed, XRP could enter Phase E and rally 70% toward $3.55 in the coming weeks, a level aligning with the pattern\u2019s Last Point of Support (LPS).<br \/>\nXRP\/USD weekly price chart. Source: TradingViewA Fibonacci retracement graph drawn from $3.55-swing-high to $0.14-swing-low presents $5.65 as the upside target for June if XRP price breaks above $3.55.<br \/>\nFalling wedge aligns with XRP\u2019s bullish outlook<br \/>\nThe upside outlook aligns with XRP\u2019s prevailing falling wedge pattern, as spotted by chartist \u201cJobcfx\u201d on X.<br \/>\nNotably, the bullish reversal structure has been narrowing since February 2025. A breakout above the wedge\u2019s upper trendline, currently around the $2.20-2.40 area, would signal the start of a new rally.<br \/>\nXRP\/USD daily price chart. Source: TradingViewFalling wedge breakouts typically target a move equal to the pattern\u2019s maximum height.<br \/>\nIn XRP\u2019s case, if it breaks above $2.20, the projected upside target for May lands near $4.00, aligning with the Wyckoff reaccumulation\u2019s Phase E breakout zone.<br \/>\nRelated: XRP price analysts project $10 next, \u2018optimistic\u2019 target of $20<br \/>\nInterestingly, Bitcoin (BTC) is also forming a falling wedge pattern on its chart. If confirmed, a bullish breakout in Bitcoin could act as a catalyst for the altcoin market, potentially accelerating XRP\u2019s upward momentum as well.<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/xrp-price-70-rally-cftc-regulated-futures-launch-coinbase?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsXRP (XRP) has dropped nearly 40% since hitting its multi-year high of $3.40 three months ago. Still, its ability to hold above key technical support levels, combined with&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127606"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127606"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127606\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127606"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}