XRP Price Set to Rally Toward $3.45 Following Ripple CEO's Guidance to Investors

XRP Price Set to Rally Toward $3.45 Following Ripple CEO's Guidance to Investors

Summary:
Ripple's CEO recently highlighted XRP's crucial role in the company's mission as the Ripple Prime platform launches. With bullish technical indicators, XRP is poised to break key resistance levels, targeting a price of $3.45.

Key Takeaways:

Ripple's CEO emphasized that XRP “sits at the center of everything” with the launch of Ripple Prime.
XRP's price is showing signs of aiming for a breakout above $3, supported by strong technical momentum.

XRP Price Holds a Crucial Support Level

XRP’s recent price movements reveal a bounce from the lower trendline of its established ascending triangle pattern. This support level has historically been the beginning of strong recovery phases, often triggering significant price increases of 70-80% earlier in 2025.

XRP/USD Weekly Chart. Source: TradingView

As of Saturday, the token experienced more than an 8% increase after testing the trendline, coinciding with the 50-week exponential moving average (50-week EMA, depicted by the red wave) at $2.33. If the historical patterns hold true, XRP could rally towards the triangle’s upper trendline at approximately $3.45, representing a 35% rise from current prices by December.

Related: XRP Price Targets $3 as Whale Wallet Count Reaches New Highs

On the flip side, slipping below the triangle’s lower trendline could lead XRP to revisit June lows around $1.65, a potential decline of 25% from present levels.

Ripple Prime Enhances XRP's Bullish Outlook

Ripple's growth in the institutional sector adds significant support to XRP's bullish prospects. Recently, the company announced it had completed the acquisition of Hidden Road, rebranding it as “Ripple Prime.” This makes Ripple the first cryptocurrency company to establish a global, multi-asset prime brokerage, bringing onboard its existing institutional clients. Brad Garlinghouse, the CEO, described the acquisition as a further step towards creating an “internet of Value,” reinforcing that “XRP sits at the center of everything Ripple does.”

Source: X

Following Garlinghouse's statements, many analysts predict that XRP will continue its upward trajectory. Trader Credibull Crypto noted that Ripple’s substantial XRP holdings incentivize the company to push for the cryptocurrency’s success, as they stand to gain the most from an increased valuation.

Source: X

Additionally, Ripple plans to purchase $1 billion worth of XRP tokens for a new treasury on the Nasdaq, under the ticker “XRPN.” Trader Zeiierman Trading commented on the implications of Ripple’s Hidden Road deal, suggesting that XRP is strategically placed to lead in institutional adoption, potentially crossing the $3 threshold soon.