Key Takeaways
XRP’s price is trying to turn a brief break below $1 into a launchpad for a much larger recovery, with one technical analyst arguing that regulatory clarity could unlock up to 100% upside.
Gareth Soloway, chief market strategist at Verified Investing, told the Paul Barron Network that XRP’s rapid recovery after piercing the $1 level may have flushed out leveraged traders and left a potential short-term bottom.
His bullish scenario depends heavily on Washington.
If Congress passes the CLARITY Act in September or early October, Soloway said XRP could rise by 50% to 100%. Meanwhile, even more bullish predictions are arriving from analysts.
The calls come as Bank of Montreal (BMO) disclosed positions in two XRP-linked exchange-traded funds in its latest Form 13F filing.
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Soloway said that XRP’s rapid recovery after piercing the $1 level may have flushed out leveraged traders, leaving a potential short-term bottom.
The analyst focused first on XRP’s brief drop to $1, a round number where retail traders often place stop-loss orders.
He said the heavy trading volume around that move likely reflected a wave of liquidations.
“What I loved actually about XRP is that it almost immediately bounced back above a dollar,” Soloway said.
He described the move as a possible “bottoming tail.”
Soloway also pointed to support around $0.96 to $0.97 and a longer-term wedge pattern that had already broken to the upside.
Those signals were enough for Soloway to turn constructive despite the weak-looking chart.
“There are green shoots in XRP,” he said, adding that the setup made him favor a long position at current levels.
Asked where XRP could trade if US lawmakers passed the CLARITY Act in September or October, Soloway said he saw “50% to 100% upside.”
His first major test would be the $1.50- $1.55 range, where previous rallies had repeatedly met resistance.
XRP traded at roughly $1.00 on Aug. 13, according to CoinMarketCap.
From that starting point, Soloway’s range translates into the following prices:
A 50% rally from XRP’s current level near $1 would take the token to approximately $1.50.
If XRP doubled, its price would reach $2 and its market value would climb to roughly $125 billion.
Soloway identified $1.50 to $1.55 as the first major resistance zone.
However, if the CLARITY Act fails, he warned that XRP could retreat to $0.70, reducing its market value to approximately $44 billion.
Even a doubling to $2 would leave XRP about 45% below the $3.66 record reported by OKX in July 2025.
In that sense, Soloway’s forecast is aggressive for a move lasting only a few weeks, but it would still represent only a partial recovery.
The Senate has postponed action on crypto market-structure legislation until after its August recess.
Senate Majority Leader John Thune said the measure would return to the floor in September, but lawmakers still face disputes over stablecoin rewards and ethics provisions.
One prediction market cited by Investor’s Business Daily put the probability of passage in 2026 at only 14% after the delay, down from 82% in February.
The Senate would also need sufficient support to overcome a filibuster, then reconcile its version with the House version before sending the legislation to the president.
That makes a September or early-October passage a low-probability, high-impact scenario rather than the market’s base case.
A favorable vote could produce a sharp relief rally, but a 100% gain would still require follow-through from ETF buyers and enough spot demand to absorb profit-taking around $1.50.
The second bullish headline came from the Bank of Montreal.
BMO’s SEC filing, submitted Aug. 12, listed 14,271 reportable positions with a combined value of $303.651 billion.
Within that portfolio, BMO reported 323 shares of the REX-Osprey XRP ETF (XRPR) and 20 shares of the ProShares Ultra XRP ETF (UXRP), according to the filing’s holdings data.
It indicates that XRP-linked products have entered the investable universe used by major financial groups.
Soloway is not alone in looking for an XRP price recovery, although recent forecasts vary widely in both their time horizons and assumptions.
Standard Chartered has also maintained a bullish outlook on XRP, targeting $2.80 by the end of 2026.
The bank previously projected that XRP could reach $8, but later reduced its forecast amid challenging economic conditions.
Although the downgrade highlights the uncertainty around mega growth, a move to $2.80 would still represent approximately 180% upside from $1.
Other analysts have issued substantially more aggressive XRP price forecasts.
In June 2025, technical analyst Javon Marks said XRP’s long-term chart resembled the formation that preceded its historic 2017 rally.
“$XRP can be setting up here to deliver its next wave up towards the 1.618 Fib Level,” Marks wrote on X.
$XRP can be setting up here to deliver its next wave up towards the 1.618 Fib Level and this can extend another +800%, UP TO $21 but even then, that may not be the end!
By the previous breakout setup, XRP could push all the way to its 2.272 Fib Level, which is above $152… pic.twitter.com/fdNJlaRCdA
— JAVON⚡️MARKS (@JavonTM1) June 2, 2025
Marks argued that a move toward the 1.618 Fibonacci extension could produce an additional 800% rally, taking XRP to approximately $21.
His most optimistic scenario placed XRP above $152 at the 2.272 Fibonacci extension.
However, the prediction remains unfulfilled. XRP traded between approximately $2.20 and $2.50 when Marks published his analysis.
It rallied to about $3.65 the following month before reversing and falling to roughly half its June 2025 price.
As the regulatory negotiations continue, analyst Charusan doubled down on his belief that XRP remains substantially undervalued.
“If people realized what the XRPL is truly capable of, the price of XRP would be $15 right now,” he wrote.
Charusan said many XRP holders did not fully understand the asset’s potential, adding that he had not spent six years researching and holding the token merely for it to reach $15.
If people realized what the XRPL is truly capable of, the price of XRP would be $15 right now. But most people who HODL XRP don't even really know why they are HODLing.
And I haven't been here for 6 years just for $15.
I know exactly what I am HODLing. pic.twitter.com/8Nly40b5gW— CharuSan XRP (@CharuSan83) June 26, 2026
The comments reinforced his previous prediction that XRP could eventually exceed $300 and outperform Bitcoin and Ethereum.
In June, Charusan published a model that placed XRP at $324.22.
“My mathematical calculations explicitly point to $324.22,” he wrote.
The model assumes that institutional adoption would reduce XRP’s freely available supply to 15 billion tokens.
It also assumes that an XRP-based settlement system would process $1.2 trillion in daily cross-border banking volume.
Those assumptions make the $324 forecast highly speculative.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
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