The latest advancements of Ripple have spurred talk about a US XRP Reserve, and a renowned analyst predicts a $15 XRP price.
XRP rose today, prompting predictions about a $15 rally. Analysts are optimistic as Ripple’s native crypto breaks resistance. Market experts expect significant price changes amid US XRP Reserve negotiations.
Despite recent stagnation, can the crypto maintain momentum and achieve new highs? Find out here.
Why Analysts Predict XRP Will Reach $15
According to top crypto analyst Ali Martinez, XRP may have broken out of a symmetrical triangle. This breakout might lead to a $15 rally, he says. According to his X analysis, this technical setup suggests considerable upward potential.
If the bullish trend continues, XRP may rise significantly. However, maintaining momentum is essential for breakthrough confirmation.
Essential XRP Price Levels for Future Movement
Another expert, EGRAG CRYPTO, predicted XRP’s price resistance and support. He said market movements are noise as long as XRP stays in a “yellow” horizontal channel (chart below). He listed the following conditions to help investors predict Ripple’s native asset’s future:
- A close below $2.30 is bearish.
- Bullish trend confirmed with $2.60 break.
- Rising above $2.85 fuels the rally.
- If XRP breaks $3.11, it could reach $4, a record high.
These levels will determine whether XRP can maintain its rise and challenge record highs.
US XRP Reserve Rumors Generate Hope
XRP Strategic Reserve rumors have boosted market optimism. There is no official confirmation, but conjecture has pushed investor sentiment. This approach may boost liquidity and lead to a long-term price rise, say traders.
A reserve might boost XRP’s crypto status. Investors are cautious until more is known. These significant developments suggest a US XRP Reserve.
Signs of Ripple-US Administration Collaboration
Several events and ties between Ripple and President Donald Trump have fanned rumors about the US XRP Reserve. Ripple’s connections with US regulators and legislators have historically affected XRP.
Reports of Ripple CEO Brad Garlinghouse meeting with Trump have fueled conjecture. These meetings before and after Trump’s re-election have fueled rumors of future partnerships. Additionally, Garlinghouse’s Crypto Ball attendance and $5 million XRP donation to Trump’s inauguration have fanned conjecture.
Other developments include Trump Jr. following Ripple on social media. However, reports of Garlinghouse’s appointment to Trump’s crypto council advisory board have boosted XRP.
These events have sparked attention and speculation, but an XRP price surge is uncertain. Market analysts will keenly monitor any events or announcements affecting Bitcoin prices.
TRUMP Coin Support by Ripple Sparks Discussion
Through MoonPay, Ripple now supports President Donald Trump’s official memecoin, TRUMP. This has raised questions about the blockchain firm’s future partnership with the US government.
Ripple helped MoonPay handle heavy TRUMP token demand. Within 48 hours of debut, the token’s market valuation rose from $200 million to $10 billion, and trading volumes exceeded $20 billion over two days, producing a liquidity crisis.
After a thorough vetting process, Garlinghouse accepted the additional cash, including MoonPay CEO Ivan Soto-Wright’s personal asset commitment. Ripple CTO David Schwartz noted, “So I guess this is public now.”
Can XRP Reach $15?
XRP rose 1.5% to $2.44 from a 24-hour low of $2.25. The crypto’s Relative Strength Index was 40, suggesting additional advances. In addition, XRP Futures’ Open Interest climbed 1% to $3.5 billion, indicating market bullishness.
Analysts are hopeful, but XRP’s path to $15 hinges on many factors. Its trajectory depends on market, regulatory, and crypto dynamics. A huge rally may occur if crypto maintains critical price levels and breaks resistance.
Positive regulatory developments in the market may also enhance prices. Ripple CEO Brad Garlinghouse praised Brian Quintenz’s appointment as CFTC Chair.
All of these factors suggest a significant crypto surge. Given recent market volatility, investors should be cautious while betting.
