XRP’s Next ‘Face-Melting’ Rally Could Hit Within 6 Weeks—Analyst

Some analysts expect XRP to climb sharply from its current price of $2.39. According to posts on X by a popular analyst known as Egrag Crypto, the coin is trading at the bottom of a descending triangle and could stage a strong rally in the coming weeks.

According to Egrag, two earlier runs give the pattern some weight. He compared the present chart to moves in 2017 and 2021. Back then, XRP went from $0.097 to $3.84 across a roughly three-month span around 2017–2018.

In 2021, it rose from below $0.45 to above $1.90 in two monthly candles. Based on those moves, he expects a comeback within four to six weeks and projects gains of about 300% to 1,400% from today’s price.

#XRP – Weakness? Or Just Testing the Faith of Bulls?

Lately, I’ve seen many #XRP Bulls turning #Bearish , frustrated by the sideways chop and the boring price action. They say things like “I see weakness on the HTF.”

Let me tell you what I see ‍: I see traders… pic.twitter.com/5WTibse9r7

— EGRAG CRYPTO (@egragcrypto) November 11, 2025

“I see traders chickening out, scared to lose their 10x gains. And that’s fine , protecting profits is smart,” he added.

Other market voices have echoed parts of that view, reposting Egrag’s chart and wrote that XRP is “busy testing bulls’ faith.”

Meanwhile, according to filings and reporting, Canary Capital has taken a key step toward launching a spot XRP ETF in the US. The firm filed a Form 8-A, a move that, once Nasdaq signs off, would let the fund list its shares.

Crypto reporter Eleanor Terrett said the filing will become effective at 5:30 p.m. ET once Nasdaq certifies it, and trading is set to start when US markets open on Thursday, November 14, 2025.

That development matters because an ETF can make an asset easier for many investors to buy. It does not mean prices will automatically skyrocket. It does mean more attention, and that can change market behavior in ways that are hard to predict.

NEW: @CanaryFunds has filed its Form 8-A. This is the final step before it goes effective at 5:30 PM ET Wednesday once the Nasdaq certifies the listing. When that happens, the last hurdle is cleared and the first $XRP spot ETF will be set to launch Thursday at market open. pic.twitter.com/mXvkrrXbiJ

— Eleanor Terrett (@EleanorTerrett) November 11, 2025

At press time, XRP was trading around $2.39, down about 3% over the last 24 hours. Technical traders focus on where the price sits inside the triangle pattern and watch volume for confirmation of a breakout.

Some see the structure as a setup for a large move either way. Others point out that the market environment today is not the same as in 2017 or 2021, given bigger trading volumes and different regulatory factors.

The ETF timing adds a new element to watch. If Nasdaq approves Canary Capital’s Form 8-A as reported, the first spot XRP shares could start trading on Thursday. Markets often react to such milestones, but how big that reaction will be is unknown.

Featured image from Gemini, chart from TradingView