XRP on the rise: Peter Brandt reveals why prices are skyrocketing

XRP, the digital asset linked to Ripple Labs, has recently seen an impressive rise that is catching the attention of analysts and investors alike.

The cryptocurrency, which has seen significant upward volatility in recent months, saw a remarkable 10.04% intraday gain over the weekend, marking its biggest single-day gain since the beginning of the year. As XRP rises towards $2.6, experts are predicting further gains, with some predicting a potential price rise to $3 or even more.

Bullish chart patterns and Peter Brandt’s prediction

Veteran chart analyst Peter Brandt has been a key figure in the growing optimism surrounding XRP’s price. On January 12, Brandt became shared a chart that depicted a clear bull flag pattern breakout on XRP’s daily timeframe, suggesting a promising upward trajectory for the cryptocurrency.

Peter Brandt predicts the XRP price of a steady rise above $3. Source: Peter Brandt via X

Brandt, who has previously been cautious about XRP, now describes it as “the leader of the pack” and believes the cryptocurrency could see a market capitalization increase in 2025. He has set a short-term price target of $3.4, driven by the breakout and the bullish momentum XRP is experiencing.

“The breakout confirms what many expected: XRP is poised for a significant rally,” Brandt noted in his tweet, offering a positive view of XRP’s outlook.

Increased whale activity and market sentiment

The recent price movement is also supported by an increase in whale activity. According to analyst Ali Martinez, many traders have short-sold XRP at the $2.60 level; therefore, it is the situation of a lot of liquidations that market makers are likely to shoot for. Whale Alert reported the move of 24 million XRP from Upbit to an unknown wallet. These moves are generally considered a sign of confidence in the future of XRP.

XRP hits a local high of $2.3 as whale-to-exchange activity picks up. Source: Woominkyu/CryptoQuant

In addition to the action of the whales, the market has been rising as a result of the ongoing settlement of the lawsuit between Ripple and the US SEC. Optimism that XRP will have a friendlier regulatory environment has market players expecting a settlement in the lawsuit against Ripple filed by the US SEC anytime soon. Notably, analysts have pointed to the possibility of the approval of an XRP-based ETF, which could increase its mainstream adoption.

Technical indicators and future price action

XRP’s technical indicators are in line with the bullish sentiment. The recent break of XRP above the upper trend line in a symmetrical triangle and its rise above the 8-day simple moving average has triggered buying activities by traders. ATR stands at 0.1777, which shows that volatility has increased, so more extensive price movements can be expected in the following days. The ADX reading of 15.48 also indicates that the uptrend of XRP is building momentum and has plenty of room for further strengthening.

RSI and Stochastic indicators remain neutral on XRP. Source: CryptoQuant

However, there are still challenges ahead. However, analysts believe that XRP needs to be held above $2.50 for the bullish outlook to remain valid. If not, all the bullish chart patterns will be invalidated and a trend reversal may come into play. Despite the risks, the general sentiment remains positive and XRP is positioning itself as one of the outstanding performers in the crypto market.

Regulatory landscape and market potential

In other XRP news this week, Ripple CEO Brad Garlinghouse has shared his optimism about the company’s future, particularly in the US. He had dinner with President Trump, a very bullish signal for XRP. Several developments for Ripple, including the greenlighting of the RLUSD stablecoin, have been seen as beneficial for the future of the network. Finally, several analysts, such as Nate Geraci of the ETF Store, believe this could be the year XRP finally sees ETF approval, cementing a place in the mainstream financial system.

Brad Garlinghouse to dinner with President Trump

While XRP’s future largely depends on the resolution of the Ripple-SEC lawsuit, experts see the outlook as strong for XRP. Legal experts such as Marc Fagel and Jeremy Hogan have weighed in and speculated on the possibility that incoming SEC Chairman Paul Atkins might decide not to appeal the ongoing case development that would be the final step in the approval of Ripple and XRP’s regulatory path.

Looking ahead

With a bullish breakout, a positive technical outlook and favorable legal developments on the horizon, XRP is positioning itself for a strong rally in the coming months. As Ripple continues to make progress on the regulatory and financial fronts, analysts believe the cryptocurrency could see significant price gains, with some projecting a market cap as high as $502 billion by 2025. Price predictions for XRP suggest new record highs.

XRP is up 9.8% in a period of 24. Ripple (XRP) price chart. Source:XRP Liquid Index (XRPLX)

Whether XRP can maintain its upward momentum depends on its ability to maintain support levels and navigate the ever-evolving regulatory landscape. But for now, optimism is high as XRP continues to lead the crypto market. With the Trump inauguration now just days away, XRP is cleared to enter price discovery mode. This is good news for XRP investors.