- Analysts offer a bullish XRP price outlook, citing technical indicators such as Fibonacci levels and projecting targets as high as $6, amid improving sentiment.
- XRP recently surged past $3 following the U.S. House’s passage of the GENIUS Act, which could benefit Ripple’s RLUSD stablecoin.
Ripple’s XRP has once again gained bullish sentiment with experts pointing to an often-overlooked correlation between the digital asset’s price movement and the U.S. Dollar Index (DXY).
According to Versan Aljarrah, Co-founder of Black Swan Capitalist, a possible rally in XRP price might be lurking behind the plain sight that is supported by a set of past trends, which have associated themselves with the performance of the dollar.
Analyst Points to Major Rally for XRP Price
In a recent analysis, Aljarrah highlights some of the most critical times when DXY showed a substantial decline, which resulted in the extensive rise in the XRP price.
According to historical trends, when the DXY drops dramatically, it is always followed by a really high XRP, as he has been able to see through.
Aljarrah noted the first major instance was during the 2017–2018 bull market when the DXY declined from 103.8 to 88. At that point in time, XRP saw an increase in value from virtually near-zero to a maximum of $3.84. The same situation occurred in 2021, when the DXY nosedived to 89 and XRP reached a high of $1.96.
Furthermore, in late 2024, a new decline in the DXY was followed by a 600% surge in XRP price to reach $3.40 by early 2025.
The dollar index is again seeing a negative trend, and that is based on changing the U.S fiscal policies and the market mood. Aljarrah believes that if the DXY moves back toward the 88 mark, a level last seen in 2018, it could potentially trigger the next major leg in XRP price action.
What Do Other Analysts Say?
Along with this DXY-driven view, a number of other analysts have cited optimistic technical setups that indicate the XRP may see a breakout. CasiTrades, a crypto analyst, recently identified Fibonacci retracement levels that align with a potential upward move.
In the meantime, Ali Martinez has estimated an ambitious price of $6 for the token, supporting optimism in the market.
Riding on this narrative, XRP price surged above the $3 mark yesterday after a Washington legislative breakthrough. The U.S. House passed the GENIUS Act, which seeks to create clarity in the regulation of stablecoins. Investors reacted to the development by speculating on Ripple’s stablecoin (RLUSD) possibly benefiting from the clearer framework.
Despite the fact that the current case regarding Ripple and the SEC has not yet been resolved, recent events have relieved some of the market fear. Marc Fagel, a former attorney of the SEC, stated that Ripple has already paid a fine of $125 million, and now the case is pending before proceeding to dismiss the appeals.
