XRP has recently broken through the $1 mark, and according to a well-respected trading expert, we might be on the verge of something spectacular. Peter Brandt has pointed out that XRP is shaping up a pattern that could potentially propel its market cap to a jaw-dropping $500 billion.
Brandt explained that this potential surge hinges on the completion of a ‘half-mast flag’ bullish technical pattern, which he shared in a post on X earlier this month. He mentioned that this pattern needs to resolve within six weeks to maintain its validity. If everything aligns perfectly, XRP could indeed reach that impressive market cap of $500 billion.
He humorously noted, “This flag in XRP needs to rock and roll soon, otherwise it will likely morph into something else.” As he pointed out, if XRP fulfills this bullish continuation pattern, it stands to gain significantly from its current trajectory.
The general analysis acknowledges that XRP has seen a considerable rally followed by a period of consolidation. This reduction in trading volume during the consolidation phase is typical for a flag pattern, hinting at a potential return to its previous bullish trend. If XRP does break out from this setup, the projection for a $500 billion market cap is derived from measuring the height of the initial rally and applying it toward the breakout point. In practical terms, reaching this target would position the price at just below $9.
Adding to the excitement, another esteemed cryptocurrency analyst, Ali Martinez, has also weighed in, revealing that XRP could be in for a whopping 470% rally. He indicated that the super trend indicator on the 12-hour chart has flipped bullish again. The last time this indicator signaled such a move, XRP skyrocketed by 470%, demonstrating a strong potential for a repeat performance.
Currently trading around $2.40, XRP’s indicators suggest that if history serves as a guide, we could be on the brink of a significant upward movement.
On the fundamentals side, XRP faces fluctuating market conditions, yet there’s a growing optimism tied to expected friendly regulations under the incoming Donald Trump administration. With Gary Gensler no longer heading the Securities and Exchange Commission (SEC), there is a renewed sense of hope within the community. Ripple, the parent company of XRP, has already benefited as it shifts 75% of its hiring back to the U.S. and strikes more domestic deals, as reported by CEO Brad Garlinghouse.
He stated, “2025 is here, and the Trump bull market is real.” This optimism is palpable considering Ripple’s previous struggles with the SEC under Gensler’s leadership.
As of now, XRP trades at approximately $2.46, having increased by nearly 3% in the last day and over 18% for the week. With a current volatility rate of 5.65% and solid positions above the 50-day and 200-day simple moving averages (SMA), this might just be the beginning of an invigorating chapter for XRP. As market sentiment tilts bullish, supported by a Fear & Greed Index reading of 78 (Extreme Greed), XRP enthusiasts are eagerly watching for what happens next, especially with Ripple planning a token unlock this month.
