The price of XRP has shot up by over 10% in the last day which signifies the start of a new rally. Analysts have pointed out some patterns related to XRP such as a breakout from a symmetrical
Triangle suggesting bullish momentum in the market implying a higher target price. These factors support the expectation of a strong bullish move in the coming days.
At the moment, XRP is trading just above the $2.50 mark due to a surge of 75% in trading volume. Its high and low across the last 24 hours reached $2.60 and $2.34 respectively.
Prediction on XRP Marks and Charts for Breakout Price
The cryptocurrency world was teeming with excitement when Peter Brandt, a long-serving trader, showed off his prediction that the XRP token would surpass the market value of $500 billion.
When the XRP price that broke out of the bull flag is expected to reach $500 billion, he mentioned that it would occur in the year 2025. That breakout for the bullish structure on the XRP price chart can now be observed.
Peter joined a post on X on January 12th and attached a chart illustrating the XRP price chart’s daily timeframe
Which had a breakout of the bullish flag pattern. With strong bullish trends likely to be experience during 2025, he projected XRP as the “leader of the pack”.
As per Brandt’s predictions, XRP could very well surpass the $3 mark while with the short term price target se to $3.4. In signs of optimism, the community is waiting for Ripple and XRP to come out with some good news this.year.
CoinGape has determined that XRP has been facing resistance levels close to $2.60 since its first high at $2.90. For XRP to break the $3 thresholds, XRP needs to exceed these resistance levels significantly.
The XRP price now shows signs of crossing the top band of the Bollinger band which indicates a likelihood of expanding, whilst the RSI of 60 confirms the break upwards is plausible.
Whales and Retail Traders Moving XRP Market Dynamics
Deep Kryptonian about the transaction history Martinez Ali noted active shorts for xrp at the mark of 2.60 a strong shorting zone has been created this may be utilized by the market makers.
Looking at the past day a lot of action has taken place in terms of whales. According to Whale Alert, 24 million XRP worth more than $60 million was moved from Upbit to a wallet. In addition, a transfer of 300 million XRP from Ripple to an unknown wallet is said to have recently caught a lot of attention.
XRP ETF and More Favorable Regulatory Circumstances for Ripple
Ripple’s CEO Brad Garlinghouse mentioned key milestones which occurred in the U. S. some six months back and included the go ahead for the launching of the RLUSD stable coin.
He expects the incoming Trump government to boost business dealings across borders with Ripple’s US arm.
In converse, euroskeptics worry that European Union’s XRP ETF fears are fading this year, as the likelihood cryptocurrency will be approved this year.
The use of XRP for internal payments by such firms as Bank of America provides clear indicators of mass adoption of the crypto.
Lawyers including of Marc Fagel and Jeremy Hogan, ex-officials of SEC, are of the opinion that assuming Wright is right, newly appointed US SEC Chair Paul Atkins may skip the appeal in the XRP lawsuit.
Mountain view vs SEC case seems to be coming to its final end as Ripple’s executives were having dinner with the elected president Donald Trump.
