The post XRP Analyst’s $15 Price Prediction: Ripple Bigger Than BlackRock? appeared on BitcoinEthereumNews.com.

While Bitcoin hits a new all-time high and Trump takes office, the cryptocurrency market is focused on Ripple’s XRP, as analyst Ali Martinez forecasts a potential price surge to $15. His projection, rooted in technical analysis, hinges on the breakout of a symmetrical triangle pattern on XRP’s monthly chart, which he interprets as a strong indicator of bullish momentum. Ripple’s XRP Eyes Bullish Momentum Market experts reveal technical insights suggesting XRP’s bullish journey is far from over. Source: Ali_Charts via X The symmetrical triangle has encapsulated XRP’s price action since its collapse from an all-time high of $3.80 in early 2018. Over the years, the coin endured a lengthy consolidation phase within the structure. A failed breakout attempt occurred in April 2021, with XRP facing stiff resistance near $2. However, the breakout in November 2024, fueled by renewed market optimism, has rekindled hope for XRP bulls. The XRP price broke a symmetrical triangle, making $15 a potential upside target. Source: Ali_Charts via X Martinez asserts that the recent breakout could elevate XRP’s value fivefold from its current price, surpassing $15. XRP has already retested a critical resistance level at $3.40, further validating the bullish trajectory. Market Cap Matters: Ripple Outshines BlackRock Martinez’s projection has stirred a heated debate about XRP’s market cap implications. Critics, such as crypto trader “Tribal Trader,” question the feasibility of XRP reaching $15, citing the massive market cap required to sustain such a price. At $15 per coin, XRP’s market capitalization would exceed $860 billion—double Ethereum’s current valuation. Martinez countered this skepticism by pointing out that XRP already boasts a higher market cap than financial powerhouse BlackRock. Ripple’s market cap currently stands at $180 billion, eclipsing BlackRock’s $155 billion, despite the latter managing over $11.6 trillion in assets. Martinez argued, “If market cap were a limiting…

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Filed under: News - @ January 21, 2025 1:17 am