CryptoSlate: XRP could reach $7.5-$8 if past on-chain patterns repeat

A surge in transactions on the XRPL network observed in April is similar to precursor patterns seen just before past bull runs, CryptoSlate reported. The outlet suggested that the current consolidation phase could be the starting point for the next cycle. According to CryptoQuant data cited by the publication, after a transaction explosion in November 2019, XRP rose from around $0.15 to $1.79. Following a similar surge in July 2024, it climbed from $0.5 to a mid-2025 cycle high of $3.17. A similar phenomenon occurred in April of this year, and XRP is currently consolidating in the $1.3 to $1.5 range. If this past performance is repeated, the next price target is estimated to be between $7.5 and $8. Currently, the Cumulative Volume Delta (CVD) for Binance perpetual futures is approximately -$641.9 million, indicating a prevalence of short sellers. However, spot CVD stands at around $397.3 million, and cumulative inflows into XRP ETFs have surpassed $1.12 billion, suggesting that spot buying is absorbing the selling pressure. CryptoSlate added that a genuine rally would require sustained spot demand, the capitulation of short sellers, and a technical breakout.