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XRP is making waves in the cryptocurrency market, surging 12% over the last 24 hours to reach $2.74, and boasting an eye-popping 466% increase since early November 2024. This dramatic recovery from a low of $2.20 on January 3 has analysts buzzing with predictions that XRP could hit double-digit figures within the year.
A major catalyst for this bullish sentiment is XRP’s breakout against Bitcoin (BTC), a pivotal move that could set the stage for even more gains. XRP had lagged behind Bitcoin since the 2017 bull market, but the altcoin regained momentum in late 2024. It broke through a multi-year resistance level on the XRP/BTC pair at the end of November, closing above 0.000015—its first weekly close above this level since 2017.
As of January 12, XRP/BTC hit 0.000026, its highest weekly candle since October 2022. Analysts believe XRP’s outperformance against Bitcoin could push the ratio to a target of 0.000245, an all-time high set in May 2017. XRP analyst Steph Is Crypto commented on the powerful breakout, citing strong volume and a promising market fractal on the monthly chart, mirroring the 2017 bull run.
XRP’s ecosystem has also witnessed growth, with the number of holders increasing by 58,000 since the start of 2025, as shown by market intelligence firm Santiment. This surge in holders signals long-term confidence in XRP, with many speculators eyeing further price appreciation.
Technical indicators also support the bullish outlook, as XRP recently broke out of a bullish pennant formation. This breakout, confirmed on January 11, suggests a short-term target of $3.70, a 32% rise from its current price. Moreover, some analysts see the pennant as part of a larger bull flag, forecasting a potential price surge to over $14—a staggering 390% increase from current levels.
With political catalysts like President-elect Trump’s upcoming inauguration, which could potentially pave the way for spot XRP ETFs in the U.S., XRP’s momentum could only continue to build. JPMorgan estimates that such developments could bring $4 billion to $8 billion in new assets, further fueling XRP’s rise.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: XRP Price Set for 30% Surge as JPMorgan Predicts $6B Inflows from ETFs
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
