XRP, the digital asset tied to Ripple Labs, has recently experienced an impressive surge, catching the attention of analysts and investors alike.
The cryptocurrency, which has experienced significant upside volatility in recent months, saw a notable 10.04% intraday gain over the weekend, marking its largest single-day increase since the beginning of the year. As XRP climbs towards $2.6, experts are forecasting further gains, with some predicting a potential price rally to $3 or even beyond.
Bullish Chart Patterns and Peter Brandt’s Prediction
Veteran chart analyst Peter Brandt has been a key figure in the growing optimism surrounding XRP’s price. On January 12, Brandt shared a chart that depicted a clear bull flag pattern breakout on XRP’s daily timeframe, suggesting a promising upward trajectory for the cryptocurrency.
Peter Brandt predicts the XRP price on a smooth climb beyond $3. Source: Peter Brandt via X
Brandt, who has previously been cautious about XRP, now describes it as “the leader of the pack” and believes that the cryptocurrency could see a market cap increase in 2025. He has set a short-term price target of $3.4, driven by the breakout and the bullish momentum XRP is experiencing.
“The breakout confirms what many had expected: XRP is poised for a significant rise,” Brandt noted in his tweet, offering a positive outlook on XRP’s prospects.
Increased Whales Activity and Market Sentiment
The recent price movement is also backed by an uptick in whale activity. According to analyst Ali Martinez, a lot of traders have been short-selling XRP at the $2.60 level; hence, it’s the position of a lot of liquidation that market makers will likely gun for. Whale Alert reported the movement of 24 million XRP from Upbit to an unknown wallet. These moves are generally considered a sign of confidence in the future of XRP.
XRP hits a local high of $2.3 as whale-to-exchange activity surges. Source: Woominkyu/CryptoQuant
Besides the action of the whales, the market has been brewing as a result of the continued reconciliation of the lawsuit between Ripple and the U.S. SEC. Optimism that XRP will have a friendlier regulatory environment has seen market players expect a settlement in the lawsuit against Ripple filed by the U.S. SEC anytime soon. Remarkably, analysts have pointed to the possibility of the approval of an XRP-based ETF, which could increase its mainstream adoption.
Technical Indicators and Future Price Action
XRP’s technical indicators align with the bullish sentiment. The latest break of XRP above the upper trend line of a symmetrical triangle and its surge above the 8-day simple moving average has triggered buying activities from traders. ATR stands at 0.1777, showing that the volatility has increased, so more extensive movements in price may be expected in the following days. The ADX reading of 15.48 also indicates that the uptrend of XRP is building momentum and has plenty of room for further strengthening.
RSI and Stochastic indicators remain neutral on XRP. Source: CryptoQuant
However, challenges are still ahead. Analysts, however, think XRP must be held above $2.50 for the bullish outlook to remain valid. If not, all the bullish chart patterns will be invalidated, and a trend reversal might come into play. Despite the risks, the general feeling remains positive, and XRP is positioning itself as one of the standout performers in the crypto market.
Regulatory Landscape and Market Potential
In other XRP news this week, Ripple CEO Brad Garlinghouse has shared his optimism about the company’s future, particularly within the US. He had dinner with President Trump, a very bullish signal for XRP. Several developments for Ripple, including the greenlighting of the RLUSD stablecoin, have been considered to be in favor of the future of the network. Finally, several analysts, like Nate Geraci from ETF Store, think this may be the year XRP finally sees an ETF approval that cements a place in the mainstream financial system.
Brad Garlinghouse at dinner with President Trump
While the XRP future is to a great extent dependent on the resolution of the Ripple-SEC lawsuit, experts view prospects as strong for XRP. Legal experts like Marc Fagel and Jeremy Hogan have weighed in, speculating the possibility that incoming SEC Chair Paul Atkins might decide not to appeal the ongoing case development that would be the final step in the clearance of Ripple and XRP’s regulatory path.
Looking Forward
With a bullish breakout, a positive technical outlook, and favorable legal developments on the horizon, XRP is positioning itself for a strong rally in the coming months. As Ripple continues to make strides in the regulatory and financial spheres, analysts believe that the cryptocurrency could see significant price gains, with some projecting a market cap as high as $502 billion by 2025. Price predictions for XRP suggest new all-time highs.
XRP is up 9.8% in a 24 period. Ripple (XRP) price chart. Source:XRP Liquid Index (XRPLX)
Whether XRP can maintain its upward momentum will depend on its ability to sustain support levels and navigate the ever-evolving regulatory landscape. However, for now, optimism remains high as XRP continues to lead the charge in the crypto market. With the Trump inauguration now just days away, XRP is cleared to enter price discovery mode. That’s good news for XRP investors.
