XRP, the third-largest cryptocurrency by market capitalization, has captured the attention of analysts with its impressive rally and bullish outlook. A prominent expert, Ali Martinez, has forecasted that Ripple’s price could soar to $15, representing a 340% increase from its current levels. Key drivers for this prediction include surging Ripple USD (RLUSD) volumes, the potential approval of an XRP exchange-traded fund (ETF), and regulatory shifts under a pro-crypto stance.
Ripple’s Bullish Breakout
Ripple has witnessed significant momentum in 2024, reaching a high of $3.40—a staggering 580% increase from its yearly low. Martinez highlighted a breakout above a symmetrical triangle on the monthly chart, signaling the possibility of further gains. Historical data backs this optimism, with XRP already achieving a 315% surge since November 2023. A move to $15 would elevate XRP’s market cap from $189 billion to $643 billion, further solidifying its position in the crypto market.
Key Catalysts for XRP’s Surge
Several developments are fueling bullish sentiment around XRP:
- RLUSD Stablecoin Adoption:
Ripple USD has seen remarkable growth, with 24-hour volumes surpassing $185 million, overtaking competitors like USDD and PayPal’s PYUSD. A recent vote enabling RLUSD’s inclusion in automated market maker (AMM) pools is expected to increase its utility. - XRP ETF Approval:
The potential approval of a spot XRP ETF could attract significant inflows, with JPMorgan estimating $8 billion in investments. Such a move would be a monumental boost for XRP. - Regulatory Shifts:
Under a pro-crypto stance tied to Donald Trump’s policies, the SEC may pause lawsuits initiated under Gary Gensler, a development likely to benefit Ripple Labs.
Technical Outlook Suggests More Gains
Martinez emphasized that XRP’s symmetrical triangle breakout on the monthly chart aligns with a bullish pennant pattern on the daily chart. This technical setup suggests a potential 500% surge, making $15 achievable by late 2025 or early 2026. However, a drop below $1.90 could invalidate this bullish scenario, risking a fall to November’s lows of $0.50.
XRP’s future remains promising, but market dynamics and regulatory decisions will play pivotal roles in determining its trajectory.
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’s Repeating Chart Pattern Signals Imminent Breakout and New ATH in 2025
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