XRP price today soared by 3.25% as analysts anticipate more gains, potentially to $15 in the ongoing crypto bull run. Top catalysts for the price of Ripple will be the growing RLUSD volume, strong technicals, and strategic Ripple reserves in the US.
XRP Price Breaks Out As Pro Sees A Surge To $15
Ripple, which has grown into the third-biggest cryptocurrency, soared to a high of $3.40, up 580% from its 2024 low. In an X post, Ali Martinez, a popular crypto expert, said the coin was on a path to $15. He cited the fact that it had made a breakout above the symmetrical triangle on the monthly chart.
A 340% surge is possible since the coin jumped by more than 315% from its lowest level in November last year. Such a move would push its market cap from $189 billion to $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.
First, there are signs that the Ripple USD stablecoin is gaining market share as its volume surges. The 24-hour volume rose to over $185 million, passing some of the top stablecoins like USDD and PayPal’s PYUSD.
RLUSD’s adoption will likely continue growing after a crucial vote passed this week. This vote will allow the stablecoin to be put in automated market maker (AMM) pools, giving it more utility this year.
There are rising possibility that the SEC will approve a spot XRP ETF, a move that JPMorgan analysts expect will bring $8 billion in inflows. These inflows and hype may lead to higher prices this year.
Further, the SEC is considering making changes to align with Donald Trump’s pro-crypto stance. One approach is to pause some of the lawsuits filed under Gary Gensler, a move that may benefit Ripple Labs and XRP price.
Ripple Price Chart Pattern Points More Gains Are Coming
Martinez noted that the Ripple price formed a symmetrical triangle on the monthly chart. My view is that the daily chart provides a better Ripple price forecast since the coin has formed a bullish pennant chart pattern. This pattern comprises 2 key parts: a flag pole and a triangle.
It has now moved above the lengthy flag pole, meaning more gains may come. This flag pole had a length of about 500%, meaning that a similar surge means that a surge to $15 will come. The only caveat is that these patterns take time to materialize, meaning that a surge to $15 may happen in the fourth quarter or even in 2026.
A drop below $1.90, the lower side of the pennant’s triangle, may invalidate the bullish view and point to a crash to $0.5, its November lows.
Frequently Asked Questions (FAQs)
Ripple has jumped by over 500% from its November lows. It now needs to jump by less than 400% to get to $15, which is highly possible.
The top catalysts to push XRP price to $15 are its strong technicals, XRP approval, RLUSD stablecoin growth, and the changes to the Securities and Exchange Commission.
While the overall view is that XRP has more gains ahead, a drop to $0.50 cannot be ruled out if the sentiment in crypto falls.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/can-xrp-price-surge-to-15-as-rlusd-volume-soars/
✓ Share: