XRP, Ripple's cryptocurrency, has emerged as one of the brightest stars in recent weeks. Its price has surged multiple times, erasing years of losses in a short span.
Peter Brandt, a legendary trader, claims XRP now displays the "strongest chart in the entire crypto world" after breaking free from a prolonged technical pattern.
Could XRP Reach $48.12?
The XRP price skyrocketed following Donald Trump’s victory in the U.S. presidential elections. This rally marks a turning point for XRP, which had struggled under regulatory pressure since 2018 due to the SEC’s lawsuit against Ripple.
Investors paid $0.50 per XRP token before the elections, but the price recently peaked at **$2.90—a 500% increase**. Brandt highlights that XRP’s breakout from an ascending triangle pattern signals unprecedented strength.
👉 Track XRP’s live price movements here
Analyst Ali Martinez projects a conservative target of $8.40**, with a bullish scenario pushing XRP to **$48.12.
Why Ripple Is Gaining Momentum
Trump’s administration is expected to replace SEC Chair Gary Gensler with pro-crypto advocate Paul Atkins, potentially resolving Ripple’s legal battle. XRP remains the only cryptocurrency in the U.S. with clear regulatory status, giving it a competitive edge.
Other bullish catalysts include:
- Pending applications for XRP ETFs in the U.S.
- Ripple’s upcoming launch of RLUSD, its stablecoin.
FAQ Section
Q: What caused XRP’s recent price surge?
A: Regulatory optimism post-election and technical breakouts fueled investor confidence.
Q: How high could XRP go in this bull run?
A: Analysts predict targets between $8.40 and $48.12, depending on market conditions.
Q: Is XRP a good long-term investment?
A: Its unique regulatory clarity and Ripple’s developments make it a strong contender.
For deeper insights, explore 👉 crypto trading strategies.
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