The rapidly increasing value of XRP has led crypto analysts to anticipate further growth this year. One notable expert foresees the Ripple price reaching $15, a significant jump that would represent a 340% increase from its current level. These experts attribute this potential rise to factors such as the escalating usage of Ripple in USD transactions (RLUSD), possible strategic reserves, and a potential XRP Exchange-Traded Fund (ETF).
XRP Price Breaks Out As Pro Sees A Surge To $15
Ripple, now ranked as the third-largest cryptocurrency, reached an all-time high of $3.40 – a 580% increase from its lowest point in 2024. In a post on Reddit, crypto analyst Ali Martinez, known for his insights, predicts that Ripple could climb to $15. He bases this projection on the coin’s recent breakout beyond the symmetrical triangle visible on the monthly chart.
A significant increase of up to 340% could occur as the value of this coin has risen over 315% since reaching its lowest point in November last year. If such an increase were to happen, the coin’s market capitalization would grow from $189 billion to a staggering $643 billion.
RLUSD Volume, Ripple ETF, and SEC Changes
XRP price has numerous catalysts that may push its price to $15.
- RLUSD stablecoin growth.
- XRP ETF approval.
- SEC changes under Trump.
Initially, it appears that the Ripple USD stablecoin is seeing an increase in market dominance as its transaction volume significantly increases. In just 24 hours, the volume soared beyond $185 million, outpacing some well-known competitors such as USDD and PayPal’s PYUSD.
It’s expected that the use of RLUSD will keep expanding following a significant decision made this week. This decision paves the way for the integration of the stablecoin into Automated Market Maker (AMM) pools, enhancing its functionality and usefulness in 2021.
It’s increasingly likely that the Securities and Exchange Commission (SEC) might endorse a spot XRP exchange-traded fund (ETF), an action which JPMorgan analysts predict could result in $8 billion of investment. This potential influx, coupled with excitement, might drive up prices throughout this year.
Additionally, discussions are ongoing at the Securities and Exchange Commission (SEC) regarding potential adjustments, which could align with former President Donald Trump’s supportive stance on cryptocurrencies. One possibility being considered is temporarily halting some legal actions initiated under Gary Gensler’s tenure. Such a move might potentially favor Ripple Labs and have a positive impact on the price of XRP.
Ripple Price Chart Pattern Points More Gains Are Coming
Martinez pointed out that the value of Ripple on the monthly graph exhibited a symmetrical triangle formation. However, I believe that a more accurate prediction for Ripple’s price can be made by examining its daily chart instead. The reason is that the digital coin has created a bullish pennant pattern on this chart. This particular pattern consists of two essential components: a flagpole and a triangle.
Currently, it’s soaring past the tall flagpole, suggesting further growth might be on the horizon. This flagpole was approximately five times its original length, indicating a similar rise could take us to around $15. However, keep in mind that these patterns develop gradually, so a jump to $15 might occur as late as the fourth quarter of this year or even 2026.
If the price falls below $1.90, which is the bottom of the pennant’s triangle, it could challenge the bullish outlook and potentially lead to a plunge towards the November lows at $0.5.
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2025-01-17 14:50