Analysis Predicts Potential XRP Market Cap of $1.5 Trillion
XRP Crypto Value Currently Stands at $2.30; Analysts Predict Potential Maximum Value of $25.56 in Future.
Cryptocurrency analyst EGRAG has proposed a bullish outlook for the fifth-largest digital asset, XRP, suggesting its market capitalization could reach an astounding $1.5 trillion. This estimation is based on a recognized technical pattern known as a "W" formation.
If this prognosis materializes, the XRP price might surge to $25.56 per token, according to EGRAG. At present, XRP trades around $2.3 with a market capitalization of $135.3 billion. However, technical indicators show the cryptocurrency is facing resistance at the $2.36 level. In the event the price breaks below the $2.28 support level, further decline could be imminent.
The "W" pattern observed in the 2-month XRP market cap chart indicates a shift from a bearish to a bullish market trend. This formation took shape during significant price valleys, first dropping from $128 billion in January 2018 to $5 billion in March 2020, before rebounding to $89 billion in April 2021. The pattern continued with the market cap falling again to $13.88 billion by June 2022, followed by another climb to $195 billion in January 2025.
EGRAG's analyses also present several price targets based on different market cap projections. For instance, a market cap of $270 billion could put the XRP price around $4.60, while a $450 billion cap would correspond to a price of $7.66, and a $978 billion cap would push the price to around $16.65. However, the most optimistic scenario introduced by EGRAG foresees a market cap of $1.5 trillion, implying an XRP price of $25.56 per token.
The short-term price action shows unsettling signs, with XRP trading below $2.335 and the 100-hourly Simple Moving Average. Despite briefly breaching a bearish trend line with resistance at $2.305 on the hourly chart, bearish pressure remains strong near the $2.36 level.
Technical indicators portray a cautious outlook for XRP in the short term, with the MACD gaining pace in the bearish zone and the RSI dipping below the 50 level. If XRP fails to break above the $2.36 resistance, it could initiate another decline, with initial support found near $2.28. If bears continue to drive the price down, levels of $2.26, $2.232, and even $2.20 could come into play.
However, if the bulls manage to push the price above the aforementioned resistance levels, XRP could target the $2.40 mark, with potential to reach $2.45 or even $2.50 in the near term.
XRP's current market capitalization stands at $135.3 billion, confirming its position among the major cryptocurrencies. Traders are closely monitoring key support and resistance levels to determine whether XRP aligns with the bullish long-term predictions or continues its short-term bearish trend.
[1] Enrichment Data: According to EGRAG's analysis, the predicted market cap for XRP is as high as $1.5 trillion, based on a "W" formation pattern observed in the long-term charts. This pattern suggests a potential breakout that could drive the price and market cap of XRP significantly higher. The W pattern is a technical structure often interpreted as a bullish signal, and it has played a crucial role in previous crypto market recoveries.
If EGRAG's analysis holds true, the cryptocurrency market, particularly XRP, may witness a substantial shift as the predicted market cap for XRP could reach an astounding $1.5 trillion. This bullish outlook is rooted in a recognized technical pattern known as a "W" formation, which is often interpreted as a strong bullish signal in the finance sector, and has been instrumental in past crypto market recoveries. Investing in XRP or the broader stock-market may prove advantageous under such circumstances.
