XRP Wave 3 Rally Predicted to Set New All-Time High

XRP is gaining renewed attention as investor sentiment turns increasingly bullish, especially following market consolidation around the $2 mark. A prominent analyst now believes that XRP has entered a powerful third wave of an ongoing upward trend, possibly catapulting it to record-breaking highs in the weeks ahead.

Crypto pundit Zach Rector, a well-known voice in the XRP community, shared his optimistic outlook via social media, emphasizing that the cryptocurrency is poised for a strong breakout. He noted that XRP’s recent consolidation phase may have ended, and the next wave up could be starting. This forecast has sparked excitement among investors who have watched the token hover within a narrow range for months as other altcoins struggled to keep pace with Bitcoin’s bullish surge.

The broader XRP narrative has indeed shown impressive resilience. After beginning a dramatic rally from $0.50 in November 2024, XRP surged by 480% to reach $2.90 by December before pulling back to $2.08. The rally didn’t end there. In January 2025, XRP defied bearish expectations to strike a new milestone, hitting $3.40 — its highest monthly close ever.

According to Rector, a new bullish wave has now begun — a development he attributes in large part to the progress in the Ripple vs. SEC legal case. His prediction hinges on the assumption that with legal uncertainties nearing resolution, XRP is primed for significant gains that could even generate Fear of Missing Out (FOMO) amongst retail traders.

Recent updates in the legal battle between Ripple and the U.S. Securities and Exchange Commission add strong backing to this view. Ripple CEO Brad Garlinghouse recently announced that both Ripple and the SEC plan to drop their respective appeals, essentially marking an end to the protracted lawsuit. This development was applauded by the XRP community, who have long anticipated a favorable outcome.

Garlinghouse’s announcement came shortly after Judge Analisa Torres rejected a motion from both parties requesting changes to her final decision in the case, instructing them to either move forward with appeals or accept the outcome as is. While an official withdrawal of appeals has not yet occurred, Garlinghouse’s remarks have significantly boosted optimism among supporters.

On the back of these legal developments, Rector forecasts that XRP could reach a new all-time high within just 30 to 45 days. XRP is currently trading at $2.18, which positions it 35.8% below its January peak of $3.40, and 43% off its historical all-time high of $3.84. To meet Rector’s timeline, XRP would need to climb roughly 56% to reclaim this year’s high and about 76% to surpass its current all-time record by August 12.

Further analysis adds momentum to this bullish narrative. A separate projection from market analyst EGRAG suggests that XRP could potentially target a price of $17.5 in the longer term — a substantial leap from its current valuation and a level that would represent a paradigm shift in XRP’s valuation.

Related: Expert Advice: Sell XRP If You’re Confused

While the crypto market is known for its volatility and unpredictable patterns, the convergence of technical indicators and regulatory developments makes XRP one to watch closely in the weeks ahead. Momentum seems to be building, and if history is any indication, XRP may be on the cusp of another spectacular run.