XRP has been under pressure in recent months, falling nearly 40% from its multi-year high of $3.40. Yet, as of late April 2025, the token trades around $2.11 and shows signs of strength as it consolidates near key technical levels.

Coinbase Futures Launch Could Be a Game-Changer

One major catalyst on the horizon is the planned launch of XRP futures on the Coinbase Derivatives platform, scheduled for April 21. This product will be regulated by the U.S. Commodity Futures Trading Commission (CFTC), offering institutional investors a regulated entry point into the XRP market.

New futures contracts often act as liquidity drivers. If demand materializes, the launch could lead to increased volatility and potentially fuel bullish momentum.

Wyckoff Reaccumulation Pattern in Play

From a technical perspective, analysts are watching a textbook Wyckoff reaccumulation pattern. XRP has been consolidating for months, forming a base that aligns with the theory’s mid-cycle accumulation structure. With the recent “Spring” and “Test” phases seemingly completed, XRP now flirts with a potential “Jump Across The Creek” — a classic signal for Phase D, which typically leads to a breakout rally.

If this pattern plays out, XRP could aim for $3.55 in the coming weeks and possibly reach $5.65 by June, according to Fibonacci projections.

Falling Wedge Adds Fuel to the Bullish Thesis

Adding to the optimism is a large falling wedge structure identified by traders. This bullish reversal pattern has been forming since February. A breakout above the upper boundary of the wedge—around $2.20 to $2.40—could open the door for a move to $4.00 and beyond.

Bitcoin Could Act as a Catalyst

Bitcoin is also showing signs of forming a similar falling wedge. If BTC breaks out, history suggests that altcoins, including XRP, may follow with sharp upward moves. Combined with XRP-specific catalysts, this broader market momentum could act as a tailwind.

Conclusion

While short-term volatility may persist, multiple technical and fundamental indicators are aligning to suggest that XRP may be poised for a strong rally. With the Coinbase futures launch on deck and bullish chart structures forming, XRP could soon be back in the spotlight.

That said, investors should remain cautious and conduct their own research.

This article is for informational purposes only and does not constitute investment advice