XRP Whale Moves $95M Ahead Of Trump Inauguration, Rally To $4 Imminent?

XRP Price Breaks Out of Bullish Chart Patterns

A substantial transfer of 30,000,000 XRP, worth approximately $95.5 million, was recorded on January 19, 2025. This transaction was made from the South Korean exchange Upbit to an unidentified wallet, raising speculation about potential market activity. Analysts predict that XRP may experience a significant price surge, with a potential breakout to $4.

XRP Price Breaks Out of Bullish Chart Patterns

Crypto analysts are closely monitoring XRP’s price movements, citing a bullish flag pattern as a possible indicator of further gains. This chart pattern, characterized by a sharp upward movement (flagpole) followed by a consolidation period (flag), suggests the continuation of XRP’s upward trajectory.

According to Ali Martinez, a market analyst, the price of XRP has broken out from this bullish flag and may rise to $4. XRP broke the $3 mark for the first time since 2018, peaking at $3.40, then dropping to $3.16.

According to analysts, if XRP continues to trade above $3.40 and breaks through this level again, it could signal that the expected increase has begun. On the flip side, a drop below the $2.91 level may open the way for testing the $2.59 support level.

Symmetrical Triangle Breakout Signals Long-Term Growth

On a larger scale, analysts are pointing to the fact that XRP price is trading out of a symmetrical triangle that has been in place for years. This pattern started right after XRP reached its ATH of $3.80 in December 2017, which is a bullish pattern.

As per Martinez, the long-awaited breakout was initiated by XRP’s recent rally from November 2024, indicating that the price may rise even more. He has set a price target of $15, which is five times the current price, and this could be the long-term target. According to Martinez, the fact that XRP broke the $3 mark for the first time in seven years supports the idea that it should keep rising.

However, this positive outlook has attracted criticism. Some skeptics, like the crypto commentator Tribal Trader, have questioned the possibility of hitting $15, citing the market cap bar. At $15 per coin, XRP’s market capitalization would be over $860 billion, more than double that of Ethereum right now. Martinez retaliated that with a market capitalization of $180 billion, XRP already has a market capitalization greater than the financial behemoth, BlackRock.

Optimism Builds as XRP ETF Approval Looms

XRP investors’ confidence has been boosted further by the possibility of the U.S. approving XRP exchange-traded funds (ETFs). This optimism comes after Ripple emerged victorious in a lawsuit against the U.S. Securities and Exchange Commission (SEC) in 2024.

Even though the SEC has moved to appeal the decision, experts are positive that with a crypto-friendly chairman expected to join the SEC soon, Ripple will find better treatment.

Conclusion

The recent surge in XRP’s price has sparked optimism among investors, with many predicting a significant price increase. With the symmetrical triangle breakout and bullish flag pattern in place, the stage is set for a potential long-term growth. However, the SEC’s appeal and the market cap bar remain concerns that need to be addressed.

FAQs

Q: What is the current price of XRP?
A: The current price of XRP is $3.16.

Q: What is the potential price target for XRP?
A: According to analysts, the potential price target for XRP is $15.

Q: What is the significance of the symmetrical triangle breakout?
A: The symmetrical triangle breakout is a bullish pattern that suggests a long-term growth in XRP’s price.

Q: What is the significance of the bullish flag pattern?
A: The bullish flag pattern is a technical indicator that suggests a short-term increase in XRP’s price.

Q: What is the potential impact of the SEC’s appeal on XRP’s price?
A: The SEC’s appeal could have a negative impact on XRP’s price if it results in further regulations or restrictions on the cryptocurrency.

Q: What is the current market capitalization of XRP?
A: The current market capitalization of XRP is $180 billion.

Q: What is the potential market capitalization of XRP if it reaches $15?
A: If XRP reaches $15, its market capitalization would be over $860 billion.