Renowned crypto analyst Ali (@ali_charts) has made a bold prediction that XRP could reach $15 following a breakout from a symmetrical triangle pattern.
The widely recognized technical formation indicates price consolidation before a decisive move, often leading to significant price swings.
Ali’s analysis suggests that XRP has officially exited this pattern, signaling strong bullish momentum.
Given XRP’s history of sharp movements after similar breakouts, this forecast has fueled excitement among traders and investors. If market conditions remain favorable, XRP could be on the verge of a major rally.
Technical Breakout Suggests a Bullish Trend for XRP
The symmetrical triangle breakout is a crucial signal for traders, as it often precedes strong price trends.
In XRP’s case, analysts believe the recent price movement confirms a bullish breakout, supporting the ambitious $15 target.
Historical trends in major cryptocurrencies suggest that breakouts from such patterns often trigger substantial price increases as they act as continuation signals.
If XRP sustains its upward trajectory with strong trading volume and growing investor interest, it could enter a new bullish phase.
Institutional investors and retail traders are now watching closely, as further technical confirmations could validate this optimistic outlook.
Also Read: Demand for XRP Surges 40% in Q4 2024 as Regulatory Cloud Lifts: Report
XRP Sees Modest Gains as Market Momentum Builds
As of today, XRP is trading at $2.45, marking a 1.41% increase in the last 24 hours and a 0.85% gain over the past week.
The cryptocurrency’s 24-hour trading volume stands at an impressive $4.91 billion, with a total market capitalization of approximately $141.5 billion.
While these gains appear modest compared to the predicted price surge, they indicate steady momentum.
XRP’s ability to maintain price strength amid market fluctuations reinforces the optimism surrounding its potential breakout. If bullish sentiment continues, XRP could soon see more aggressive upward price action.
Ripple vs. SEC Case Enters Critical Phase Amid XRP Price Surge
Adding to the anticipation, the long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is reaching a critical juncture.
The SEC is set to hold a closed-door meeting on February 13, 2025, which could determine the future of the case that has influenced XRP’s price movement since December 2020.
A potential settlement or favorable ruling for Ripple could remove a major legal overhang, further accelerating XRP’s price growth.
As XRP climbs to $2.48 and trading indicators turn positive, investors remain highly attentive to the outcome, which could shape regulatory clarity for XRP and the broader crypto market.