XRP Breakout Expected Above $20, Analyst Predicts
The digital asset XRP has remained central to cryptocurrency discussions, with recent performance suggesting the potential for a major breakout. An analysis has been shared by Amonyx (@amonbuy), a prominent analyst on X, highlighting XRP’s unique historical behavior and its potential for substantial gains compared to Bitcoin in the current market cycle. XRP’s Historical Parity With Bitcoin Charts presented by Amonyx reveal that XRP has consistently kept pace with Bitcoin, often surpassing it during key phases of price cycles. The analysis highlights a distinct pattern in XRP’s movements. While Bitcoin experiences steady growth phases, XRP consolidates before undergoing significant upward trends that match or exceed Bitcoin’s gains. This pattern has been further underscored by observations from another analyst, who noted that 1 BTC purchases approximately the same amount of XRP today as it did in 2014. This consistency emphasizes XRP’s ability to maintain parity with Bitcoin, even as the broader cryptocurrency market evolves. Recent Performance of XRP Recent trends align with XRP’s historical behavior. For the first time since 2018, XRP has surpassed $2, reaching a high of $2.86. This recovery has renewed optimism among investors. During the same period, Bitcoin has achieved an all-time high of $108,268.45 after crossing the $100,000 milestone. Related Article: XRP Soars by 13% Following Ripple’s Stablecoin Announcement Bitcoin’s climb began earlier in the year, with new highs being reached in March and subsequent breaches of those levels until the $100,000 mark was crossed. XRP, however, lagged in momentum until a dramatic price surge occurred in November. Predictions for XRP’s Next Move XRP’s performance in the current cycle has silenced critics and positioned it as one of the best-performing assets, outpacing Bitcoin according to Amonyx’s analysis. At present, XRP is trading at $2.17, and Amonyx predicts that the ongoing rally could push it beyond $20. These developments coincide with increasing attention on XRP’s utility and potential to challenge Bitcoin’s dominance. Some analysts have suggested that XRP may rival or even exceed Bitcoin’s market capitalization in this cycle. Ben “Bitboy” Armstrong has pointed out how XRP could surpass Ethereum to become the second-largest cryptocurrency. Reaching $20, as forecasted by Amonyx, would support this achievement. Related Article: Ripple CTO Sparks XRP Price Surge Debate with Cryptic Tweet Surpassing Bitcoin to become the market leader would represent an unprecedented milestone for XRP.
Ripple CTO Sparks XRP Price Surge Debate with Cryptic Tweet
Ripple’s Chief Technology Officer (CTO), David Schwartz, recently stirred a heated debate within the XRP community through a single tweet. The discussion revolved around the potential price surge of XRP, the fourth-largest cryptocurrency by market capitalization, which had already jumped nearly 13% over the weekend. Schwartz Highlights Phrase Tautology Schwartz shared an image of a plastic can labeled “Pre-Mix Bubble Solution,” promising “10x times the bubbles.” His focus, however, was on the redundancy in the phrase “10x times,” suggesting it should simply read “10x” or “10 times.” The playful tweet prompted XRP enthusiasts to speculate whether Schwartz was hinting at XRP reaching $10 or experiencing a tenfold price increase. Related article: XRP Holds Steady Amid Volatility: Can It Break Past $2.50? The tweet quickly ignited conversations on social media. Community members debated XRP’s potential price trajectory, particularly if it undergoes a 10x increase. Some viewed the tweet as symbolic, linking it to the cryptocurrency’s future milestones. Whale Alert Reports Massive XRP Transfers Meanwhile, Whale Alert, a blockchain tracker monitoring significant cryptocurrency movements, reported substantial XRP transfers over the weekend. Ripple moved approximately $200 million worth of XRP, split into two transactions of 50 million XRP and 40 million XRP. The funds, valued at $111.7 million and $89.6 million respectively, went to unidentified cryptocurrency wallets. Earlier, Whale Alert recorded additional XRP transfers totaling 182 million XRP. These included amounts of 99.9 million, 52.7 million, and 30 million XRP, cumulatively valued at $411 billion in fiat. These high-value movements raised eyebrows, prompting further speculation about Ripple’s intentions. Related article: Why XRP May Never Achieve a $1,200 Price Target: Analyst Predicts Crypto analyst Ali Martinez identified $2.20 as a crucial price level for XRP. He predicted consolidation around this point before attempting to breach the $2.70 resistance. However, if XRP loses the $2.20 support, he warned the price could dip to $1.96. Currently, XRP trades at $2.20, showing little movement. This follows a sharp decline last week when XRP plummeted 28%, falling from $2.71 to $1.96. Investors remain watchful, closely monitoring XRP’s next move.
Why XRP May Never Achieve a $1,200 Price Target: Analyst Predicts
Speculation about XRP reaching $1,200 has sparked debates among crypto enthusiasts, but a major limitation could prevent such a rally. A detailed analysis by crypto commentators highlights why replicating Bitcoin’s meteoric rise between 2011 and 2013 may not be feasible for XRP. XRP’s Recent Price Surge Fuels Optimism XRP has experienced a remarkable upward trend since the U.S. elections in November 2024, which saw pro-crypto candidate Donald Trump secure victory. At the time of the elections, XRP traded at $0.5035. Since then, its price has surged 336% to $2.21, outperforming many top-tier cryptocurrencies. This price movement has reignited optimism among investors, with some forecasting ambitious future price targets ranging from $27 to $100. A recent commentary by market analyst Steph even proposed the possibility of XRP reaching $1,200, drawing comparisons to Bitcoin’s historic rally from late 2011 to 2013. Bitcoin’s Historical Performance as a Benchmark Steph referenced Bitcoin’s dramatic price increase during its early years as a potential blueprint for XRP. Bitcoin, which traded at $2 in November 2011, climbed to $16 by August 2012, marking a 700% gain. Despite a brief correction, it surged further to $259 in April 2013, representing a 12,850% gain. By November 2013, Bitcoin reached $1,200, achieving an overall increase of nearly 59,900% within two years. Steph pointed out that XRP has demonstrated substantial growth in the past, particularly during the 2017/2018 bull run, when it surged from $0.005 to $3.31. Supply Constraints Pose a Major Challenge However, Nathan Goldstein, a real estate investor and Bitcoin advocate, responded by outlining key differences between XRP and Bitcoin. He emphasized that XRP’s significantly larger supply is a critical limitation. XRP has a maximum supply of 100 billion tokens, with 57.25 billion currently in circulation. If XRP were to reach $1,200 per token, its fully diluted market capitalization would skyrocket to $120 trillion. Market Cap and Global Money Supply Comparison Goldstein highlighted that XRP’s potential market cap at $1,200 per token would exceed the global M2 money supply, which was approximately $104 trillion as of Q2 2024. This would make XRP’s fully diluted market cap 15% larger than all the money circulating in the world. Even if only the circulating supply is considered, XRP’s market cap at $1,200 would total $68.7 trillion, equivalent to 66% of the global money supply. By contrast, Bitcoin’s market cap at its $1,200 peak in 2013 was just $14.4 billion, a fraction of global currency at the time. Limitations Preventing $1,200 for XRP While XRP’s potential for growth remains significant, achieving a $1,200 price appears implausible under current conditions. Factors such as its large supply and the constraints of global money supply present significant challenges. Related Article: XRP Price Could Surge if SBI Allocates 20% of Assets to XRP Reserves, Says ChatGPT Although historical comparisons to Bitcoin’s early rally are intriguing, the unique circumstances surrounding XRP must be acknowledged, making such a monumental price target unlikely in the foreseeable future.
XRP Price Could Surge if SBI Allocates 20% of Assets to XRP Reserves, Says ChatGPT
Excitement has been generated in the XRP community following a bold proposal advocating for a substantial XRP buyback by SBI Holdings. The proposal, introduced by GAM Investments, suggests that SBI should allocate part of its assets to establish an XRP reserve. According to projections by AI tool ChatGPT, such a move could drive XRP prices into double digits, potentially reaching $15 in the most favorable scenario. GAM Investments Highlights Untapped Ripple Opportunities The proposal from GAM Investments raises concerns about the undervaluation of SBI’s Ripple-related assets. GAM, a stakeholder in SBI Holdings, criticized the company for not fully capitalizing on its Ripple and XRP investments to maximize shareholder value. It was observed by GAM that SBI’s unclear crypto strategy and inadequate investor communication have hindered the full potential of its Ripple holdings. SBI’s 8–9% ownership stake in Ripple, combined with its indirect control over a significant portion of XRP, was noted to represent a largely untapped opportunity. GAM even suggested that this stake could exceed SBI’s current market capitalization. To address these concerns, GAM proposed establishing an XRP reserve. It was argued by GAM that this approach could offer more substantial returns to shareholders than traditional methods like cash dividends. ChatGPT Predicts XRP Price Scenarios ChatGPT was used to evaluate the potential impact of an XRP reserve on the cryptocurrency’s price. The analysis considered scenarios where SBI allocates 5%, 10%, or 20% of its assets to XRP reserves. SBI’s total assets, valued at ¥27.2 trillion ($175.1 billion) as of March 2024, served as the basis for the projections. With XRP’s circulating supply of approximately 57.45 billion tokens and an average price of $2.35 per token, various outcomes were modeled. Challenges to Implementation and Market Uncertainty The proposal’s adoption by SBI remains uncertain and would depend on GAM’s ability to influence other stakeholders and convince SBI’s leadership. XRP community member WrathofKahneman noted that GAM’s stake in SBI could play a critical role in persuading other investors. However, even if the strategy is implemented, the price predictions provided by ChatGPT are not guaranteed. Factors such as market conditions, liquidity constraints, and seller resistance could significantly affect the outcomes. Related Articles: Why XRP Price Is Dropping Amid Broader Market Selloff While the prospect of a strategic XRP reserve has captured the attention of the XRP community, its potential impact on the market remains speculative.
XRP Holds Steady Amid Volatility: Can It Break Past $2.50?
Despite ongoing market turbulence, XRP continues to display remarkable strength. While the asset has lost some of its previous upward momentum, it remains in a more favorable position compared to its pre-bull run phase. XRP’s price movement reveals a struggle to sustain a breakout above a descending price channel. This lack of momentum led to a pullback, with XRP now trading near the $2.14 mark. Key Support and Resistance Levels The 50-day Exponential Moving Average (EMA) plays a pivotal role as a support zone, aligning closely with XRP’s current price. This alignment highlights the significance of the $2.10-$2.14 range, where XRP’s consolidation indicates market indecision. Related article: XRP Price at a Crossroads: Can It Reclaim Bullish Momentum? However, the absence of a sharp sell-off below key support levels suggests bearish pressure may not be as intense as it seems. The 100-day EMA, positioned at $1.56, stands as a crucial support marker. Source: CoinMarketCap If XRP’s price declines further, this level could serve as a potential target. On the upside, a rebound from the $2.10-$2.14 range could signal a rally toward the $2.50 resistance level. Surpassing this resistance would pave the way for a possible move toward the $3.00 mark. Spot Trading Signals Lower Leverage Unlike some other assets, XRP has not faced significant liquidations. This indicates a relatively low level of leveraged trading, suggesting that spot trading is the primary driver of its market movements. This shift could signal a more stable foundation for XRP’s long-term growth potential. Related article: Why XRP Price Is Dropping Amid Broader Market Selloff XRP’s future hinges on its ability to maintain key support levels and revive its bullish momentum. A successful climb above $2.50 would open the path to $3.00 as the next target. However, a failure to hold the $2.14 level may result in further declines, with $1.90 and $1.56 serving as key support zones. While XRP faces market headwinds, its current setup highlights its resilience. If it holds its support and attracts fresh buying interest, it could regain momentum. For now, traders and investors must remain patient and watch how XRP’s next move unfolds.
Why XRP Price Is Dropping Amid Broader Market Selloff
On December 18, 2024, a 25 basis point (bps) reduction in interest rates was announced by the Federal Reserve, a decision that had been widely anticipated based on prior signals from policymakers. Despite aligning with market expectations, the announcement triggered a significant selloff across equities and cryptocurrency markets, including Bitcoin, Ethereum, and XRP. Concerns about the broader implications of the rate cut were highlighted by the market’s negative reaction. Market Reacts to the Federal Reserve Rate Cut The announcement was shared by financial news platform Zero Hedge on X, stating, “FED CUTS 25BPS AS EXPECTED.” In response, a query by user JP Friend 1 asked, “Why is market dumping on that news?” This reflects the confusion among both retail and institutional investors, as rate cuts are traditionally perceived as positive for financial markets. Related Article: Analysts Identify Bullish Potential for Shiba Inu (SHIB) to Surge to $0.000070 Another explanation was offered by user Bleeerg, who noted, “There is a theory that cutting rates after a period of raises means that there are issues with the economy and it marks the start of a recession.” Aron Meystedt contributed historical context, stating, “If you look at past charts over time for the major indices and overlay them with the fed funds rate, the stock drop (recession) happens AFTER the rates are dropped. It’s counterintuitive, but that’s the way it usually goes.” Historical Patterns and Economic Concerns The reactions discussed align with historical trends. During previous economic cycles, rate cuts implemented after a prolonged tightening phase have frequently indicated underlying economic weaknesses. While rate reductions are designed to stimulate growth, they often signal that the economy is facing or nearing a contraction. This creates a paradox: although borrowing costs are reduced to encourage investment, the move can suggest that monetary authorities are preparing for an economic slowdown. Investors often respond by selling riskier assets, anticipating weaker earnings, lower consumer spending, and tighter credit conditions. Impact on Cryptocurrency Markets The selloff has extended beyond equities. Major cryptocurrencies have also experienced sharp declines, with XRP down 5.97% in the past 24 hours, currently trading at $2.32. Similarly, Bitcoin, the largest cryptocurrency by market capitalization, has fallen over 5% during the same period and is now trading at $100,700.
XRP Price at a Crossroads: Can It Reclaim Bullish Momentum?
XRP’s earlier bullish breakout has hit a roadblock, with its price performance now appearing stagnant. Despite a breakout from a descending triangle—a traditionally bullish signal—the upward momentum has weakened. On-chain data suggests that network activity is also slowing, raising concerns about the token’s future price trajectory. Key Price Levels and Technical Analysis After a promising surge toward $2.57, XRP’s upward drive has faltered. Support currently sits at $2.53, with the 50-day Exponential Moving Average (EMA) acting as a crucial support buffer. If XRP fails to stay above this level, it faces a possible decline toward the next key support at $1.145. Source: CoinMarketCap On the flip side, a breakout above the $2.60 resistance could reignite bullish sentiment. This resistance level remains a key focal point for traders eyeing a renewed uptrend. XRP’s on-chain metrics reveal a sharp decline in payment volume, dropping from a high of three billion XRP to under 300 million. Related article: $4.20 XRP Target Gains Credibility Amid Historic Price Breakout This significant reduction in activity hints at waning investor interest. In addition, the number of active accounts (unique senders) has decreased, failing to maintain the momentum seen in early December. The volume of XRP burned as fees—a key measure of network usage—has also plummeted, reflecting reduced transaction volume. Potential Risks and What’s Next for XRP The decline in on-chain activity could undermine XRP’s bullish case unless usage picks up. Maintaining support at $2.13 remains vital to avoid a steeper correction. Without renewed buying pressure or increased on-chain activity, XRP risks entering a prolonged consolidation phase or experiencing further price retracement. Related article: Over $272 Million in XRP Shorts Could Face Liquidation at $3 Traders are closely watching the $2.60 resistance as a potential breakout point. If XRP fails to sustain the 50 EMA, a test of the $1.145 support becomes more likely. XRP’s future now hinges on both technical strength and a resurgence in network activity. Investors are monitoring the token’s ability to hold the $2.13 support and reclaim the $2.60 resistance. With usage metrics declining, XRP’s next move could define its short-term market position. If on-chain activity rebounds, a bullish resurgence could follow. However, without fresh demand or a spike in transaction volume, XRP’s price may face further pressure.
Why XRP Holders Are Predicted to Be Among the Wealthiest: Key Analysis
XRP investors are being forecasted to achieve significant wealth as the cryptocurrency is expected to surpass its all-time high soon. This prediction has been shared by a prominent market analyst who suggests that current trends indicate an explosive rally for XRP holders. XRP’s Recent Surge Attracts Attention XRP’s performance in November captured significant interest. A remarkable climb was observed as the price increased from $0.51 at the start of November to a peak of $2.90 by December 3, marking a 464% rise within just one month. Following this surge, XRP experienced a pullback while attempting to breach the $3 mark. It has since consolidated between $2 and $2.60 over the past two weeks. Despite this, analysts, including Steph, have maintained that a larger breakout is likely, which could position XRP holders among the wealthiest investors. Bollinger Bands Indicate Imminent Breakout Steph’s analysis highlights critical indicators, with a focus on the Bollinger Bands on the 4-hour chart. These bands, which measure market volatility, are currently expanding—a signal often associated with major price movements. Historical data reinforces this observation. During similar Bollinger Band expansions in November, XRP rallied by 132% from its swing low to its swing high. Additional notable movements of 53% and 120% were also recorded during similar conditions. Based on this, it is suggested that the current expansion signals another significant rally for XRP. Bullish Flag Pattern Confirmed for XRP A bullish flag breakout has already been confirmed on XRP’s daily chart. This pattern typically indicates the continuation of upward momentum following a consolidation period. The breakout has been validated by multiple daily closes above a long-term resistance line. Currently, XRP is holding above the critical support level of $2.33. While failure to maintain this level could invalidate the bullish outlook, the trend remains favorable as long as the price stays above this threshold. Steph has identified $2.60 as a pivotal resistance level. A daily close above this point is expected to confirm the breakout further. The analyst’s target for the upcoming uptrend lies between $4.90 and $5 in the short to mid-term. Related Article: $4.20 XRP Target Gains Credibility Amid Historic Price Breakout Support for this outlook is also provided by the Exponential Moving Average (EMA) ribbons on the daily chart. XRP’s recent retest of these ribbons on December 10 resulted in a strong rebound, further suggesting that the upward trend remains intact. Bitcoin Dominance and Its Impact on Altcoins Bitcoin dominance, a metric that measures Bitcoin’s share of the cryptocurrency market, has also been highlighted by Steph as a key factor influencing altcoins like XRP. On the weekly chart, Bitcoin dominance has been in decline since it fell below a rising wedge pattern. It is currently testing a breakdown level near 59%. As long as dominance stays below this threshold, conditions are considered favorable for XRP and other altcoins. A decline in Bitcoin dominance to the 47–50% range—a historically significant support zone—has been suggested as a trigger for an altcoin season. This development could push XRP closer to the $5 target. Notably, this range was tested in July and October of 2021, making it a key area to monitor. Caution Recommended Despite Optimism Steph has advised caution as Bitcoin dominance approaches the 47–50% support zone. This level is expected to act as a turning point, prompting investors to consider taking profits. However, for the time being, XRP and other altcoins are believed to be in a strong position. At present, XRP is trading at $2.50, reflecting a slight decrease of 0.12% in the last 24 hours. Investors are encouraged to remain vigilant as market dynamics unfold, with the potential for substantial gains remaining on the horizon.
$4.20 XRP Target Gains Credibility Amid Historic Price Breakout
The cryptocurrency XRP has experienced an unprecedented surge, rising by over 467% within just over a month. Currently, XRP is trading at $2.70, marking a dramatic increase that has surprised even its most optimistic supporters. However, this outcome had been predicted by U.Today well before the current rally began. In early August, U.Today highlighted the possibility of a historic price breakout for XRP. Now, in December, the cryptocurrency has fulfilled those projections, achieving levels that seemed improbable just months ago. The focus has shifted to where XRP’s price might head next and the potential levels it could reach. By revisiting the initial projections from the breakout’s early stages, it is suggested that XRP’s ultimate target could be around the $4.20 mark. While the number carries a memetic undertone, it is based on real calculations. The analysis stems from XRP’s breakout from a six-year accumulation phase within a bullish triangle pattern. A surge of approximately 630% was projected, resembling similar moves observed in 2013 and 2017, though on a smaller scale. Related Article: 5.8 Billion Dormant Dogecoin Reactivated: What Does This Mean for DOGE Price? With two-thirds of this projected move already realized and XRP’s all-time high previously recorded at $3.30, the $4.20 target is no longer considered unattainable. However, the outcome is not guaranteed. The unpredictable nature of the crypto market means that even the most well-founded predictions can be disrupted by unforeseen events. While XRP’s breakout has unfolded as expected based on its price chart, many traders remained skeptical and held onto their tokens during the lengthy eight-year accumulation period. The road ahead for XRP remains uncertain, but its recent performance has solidified its position as one of the most compelling stories in the cryptocurrency market.
XRP Soars by 13% Following Ripple’s Stablecoin Announcement
XRP’s price soared 21% in the past week and 13% in the last 24 hours, reaching $2.69. The surge aligns with the launch of Ripple’s new stablecoin, Ripple USD (RLUSD), on its network. Though Ripple Labs—founded in 2012—denies issuing XRP, the market sees a connection. Traders link positive developments for Ripple, like New York’s approval of the RLUSD stablecoin, to XRP price hikes. Alex Obchakevich, founder of Obchakevich Research, highlighted XRP’s strong performance. “XRP showed the largest growth among the top 10 cryptos, far outpacing Bitcoin’s 10% increase,” he stated. He also predicted a bullish future, saying, “Once XRP clears the $2.60 resistance, it’s likely heading toward $4.” Source: CoinMarketCap Investor Sentiment and ETF Speculation Investor sentiment around XRP remains strong, partly fueled by speculation about a potential XRP exchange-traded fund (ETF). Wintermute’s over-the-counter trading desk principal, Jake Ostrovskis, noted that retail investors recognize XRP’s potential. He linked the excitement to growing optimism about a possible ETF launch under the new U.S. administration. Related article: XRP Market Shaker: Massive Whale Movement Sparks Buzz Recent filings from New York asset manager WisdomTree have fueled speculation. By registering interest in launching an XRP spot ETF, WisdomTree joined a growing list of firms betting on the token’s potential. Bitrue exchange’s chief marketing officer, Adam O’Neill, predicted an all-time high for XRP by Q1 2025. He attributed the rise to improving regulatory clarity and the anticipated demand for XRP ETFs. “XRP’s regulatory battles seem to be behind it, and Trump’s pro-crypto stance strengthens its future,” O’Neill noted. Media Buzz and Price Growth XRP’s 400% price increase over six weeks caught the attention of both crypto-focused and mainstream media. The heightened coverage further bolstered investor interest. Related article: Could XRP Surpass the $4 Mark? A $100 Million XRP Accumulation by Whales Ripple’s RLUSD stablecoin is set to launch today, with many analysts linking it to the recent price surge. Obchakevich sees RLUSD as a key growth catalyst, predicting it will enter the top 100 cryptos with a $1 billion market cap within days. “This launch strengthens Ripple’s market position,” he said. Ripple USD transactions burn small amounts of XRP as gas fees, reducing supply over time. O’Neill expects this mechanism to increase XRP’s scarcity and support higher prices. He emphasized the connection between XRP and RLUSD’s successes, saying investors have taken notice of their intertwined growth potential.
