Key Insights:
XRP breaks out of a 7-year-long chart pattern.
The end of the SEC case under Trump could trigger its rally.
Conservative estimates suggest $30 targets within 2025.
Fundamental factors like RWA's success, RLUSD, and cross-border payments would contribute to its growth.
XRP also expects an ETF by mid-2025.
A couple of months ago, when crypto markets saw XRP at $0.5, the target of $5 seemed too far away. Now that XRP is at $2.15, the target of $5 seems to be at a throw's distance. However, some experts have even claimed the price of $30 for XRP in 2025
Among several lofty claims, one stands apart. X user JD has identified that XRP's long-term charts have confirmed the breakout from a symmetrical triangle pattern with a long 7-year timeframe.
In the last 12 months, XRP has seen a good success with a 251% growth. The rally in Ripple took its final shape after the end of its troubles became clear following Donald Trump's historic election win.
Ripple's Phenomenal Success in the Last 1 Year
CoinMarketCap
Ripple has a chain of fundamental developments in the last year that could easily push its price beyond $30 by the end of 2025.
We expect a fast-tracked settlement between Ripple Labs and the SEC because Ripple has already won both the institutional and retail parts of the XRP sales issue, albeit with a minor fine of $125 million.
As the new SEC sees a 4:1 Republican domination, we can expect it to withdraw its appeal in the appellate court. Lately, the US Senate has blocked the reappointment of SEC Commissioner Caroline Crenshaw, and Gary Gensler is about to exit office on 20 Jan 2025.
RLUSD Market Cap Tops $53 Million
CoinMarketCap
Just 10 days after its launch on 17 December 2024, RLUSD already has a $53 million market cap, with millions of RLUSD being issued daily. At this rate, RLUSD could easily reach a $1 billion market cap in the next few months.
A lesser-known aspect of Ripple is that it is already a dominant player in the RWA space. Ripple's XRPL ledger played a key role in tokenizing land records in Colombia and other Latin American countries.
With the launch of a £3.8 billion liquidity fund with Abrdn, Ripple will be a key player in this space.
Ripple already acts as a settlement mechanism for major financial giants like JP Morgan, BRICS, and several others.
Further, with multiple other partners, it is already working on an alternative to SWIFT using blockchain technology. XRPL will make the global payment ecosystem much faster, with payments settled in seconds rather than the current system, which takes 2-3 days.
ETFs could be the final step towards Ripple's success in the world of crypto. With strong ETF inflows, the demand for XRP will increase, hence its price. Further, since XRP also has a limited supply, it's price would not see dilution like Ethereum.
Ripple and XRP can easily repeat the success we saw with Bitcoin and even rise higher than it for several fundamental reasons, supported by bullish chart patterns.
Conservative estimates now suggest that XRP could easily reach $30 before the end of the year. A rally similar to Bitcoin after being triggered by Donald Trump's swearing-in could easily take XRP beyond $5 within January 2025.
When its ETFs arrive, which we assume will be around May 2025, XRP may easily touch $10 to $15 levels.
Finally, as Donald Trump's crypto policy becomes law in 2025, Ripple could gain immensely from it. It already enjoys near domination in cross-border settlements and has a ton of partnerships that could easily take XRP beyond $30.
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