XRP price has entered a technical bear market after losing half of its value from its 2025 high, yet a prominent fund manager overseeing more than $11 billion in assets expects it to rebound by at least 50% this year.
Summary
- 21Shares, an asset manager with $11 billion in assets, believes that XRP price has more upside.
- It expects to jump by at least 50% this year.
- Technical analysis suggests that it may rebound soon.
Ripple (XRP) price was trading at $1.90, a few points above the year-to-date low of $1.81. It remains well below its all-time high of $3.66, which it reached in July last year.
Still, 21Shares, an asset manager with over $11 billion in assets and which runs the largest XRP ETF, believes the coin will eventually bounce back. Its base case is for the token to jump by 50% to $2.45%.
The company attributes this forecast to regulatory clarity in the crypto industry, institutional adoption, and growth in cross-border settlement. It noted that the 2025 resolution of the SEC vs. Ripple case will lead to greater adoption of RippleNet by American institutions.
Additionally, the company pointed to resilient ETF inflows, which will accelerate as the coin begins to recover. All XRP ETFs have already had over $1 billion in inflows and currently hold $1.3 billion in assets. These inflows occurred during a bear market in the crypto industry, meaning demand will surge when a bull market resumes.
21Shares also pointed to the institutional inflection, which will include tokenization, stablecoins, and DeFi flywheel. XRP Ledger already has over $1 billion in tokenized assets, a trend that will continue. Also, the DeFi TVL on the network has jumped 100x over the last two years.
XRP price technical analysis
Technical analysis points to an eventual rebound in XRP’s price. It has formed a triple-bottom pattern at $1.7730, and a neckline at $2.4220. This pattern often leads to a strong bullish breakout over time.
The coin also formed a giant falling wedge pattern, consisting of two descending, converging trendlines. Therefore, a combination of a triple bottom and a falling wedge indicates an eventual rebound.
However, a drop below the important support level at $1.7730 will invalidate the bullish outlook of the triple bottom and point to more downside. Such a drop will lead to more downside, potentially to $1.50.
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