Strong tailwinds have supported the price of XRP (XRP) over the past few months, allowing it to remain resilient despite adverse conditions facing the broader market.

Along with Bitcoin (BTC), XRP is the only one of the top five cryptocurrencies to see gains in 2025. The strength was largely driven by the U.S. Securities and Exchange Commission’s (SEC) decision to drop its appeal in a closely watched case involving Ripple’s unregistered securities sales.

Analyst Steph is Crypto recently shared a simple and straightforward XRP price prediction, outlining the coin’s typical bear and bull cycles.

After the latest consolidation phase, the trader expects XRP to see a major breakthrough towards the $12 mark in the near term.

Meanwhile, in a report published on Sunday, the firm also highlighted that XRP’s institutional adoption is accelerating, as evidenced by multiple exchange-traded fund (ETF) applications filed by top asset managers and CME Group’s upcoming XRP futures.

Meanwhile, exchange-traded products (ETPs) tied to the token saw record inflows of $37.7 million in the first quarter, bringing cumulative inflows to $214 million since the beginning of 2025.

Strong retail interest and faster-than-expected institutional adoption could see XRP return to all-time highs, driven by continued improvement in market sentiment.

According to the Elliott Wave Theory analysis of recent price movements, XRP currently has a favorable structure and is expected to hit the $7 level in the coming weeks.

This will be the fifth wave of gains, and the gains are expected to exceed the first wave last November, when Trump was elected president and Ripple also won its lawsuit against the SEC.

If the price breaks above the $3.6 mark, it will confirm the bullish trend. According to this forecast, XRP has significant upside potential in the medium term. The next bullish catalyst for the coin to rise further could come from a surprise rate cut decision by the Federal Reserve.

Although the recent rally has cooled, momentum indicators on the daily chart have recently shown a downward trend. However, as long as XRP continues to remain above its 200-day EMA (exponential moving average), as it has been doing for the past few months, the long-term trend for the coin remains bullish.