In a bullish market scenario, Ripple's XRP, currently lagging behind other cryptocurrencies, is predicted to surge significantly due to positive technical indicators and a potential legal victory in the ongoing Ripple v. SEC case. Analysts predict the asset could reach between $2.90 and $16.10, with some forecasting even higher prices under certain conditions.

XRP's monthly time frame candle formation has closed above a major resistance level known as the Fibonacci 0.236, which some analysts interpret as a "natural consolidation," anticipating a jump to Fibonacci 1.618 ($6.40). Other factors that could trigger a price jump include a resolution in the Ripple v. SEC legal battle, which has been ongoing for over three years.

Previous court victories for Ripple have triggered price rallies for XRP, and many industry participants believe a decisive Ripple win could trigger another rally. Last month, predictions of an XRP rally were based on the low Relative Strength Index (RSI), a technical analysis tool that measures the speed and change of price movements.