XRP News Today: XRP Poised for 460% Surge to $11.34 by Year-End, Says Analyst

Cobb, a well-known XRP investor and analyst, recently shared a technical breakdown of XRP’s multi-year chart, asserting that the digital asset is positioned for a major upward move. Cobb highlighted XRP’s strong performance over the past few months, suggesting that it has established a robust foundation for a new rally. He expressed confidence that XRP would not revert to its previous lows, predicting a rise to $11.34 by the end of the year. According to Cobb, if the price were to collapse, it would have already done so in response to recent market concerns, such as those related to tariff policies in early February. However, XRP has demonstrated resilience, maintaining its position above the $2 level.

Cobb’s optimism is bolstered by the evolving regulatory environment. Recent actions by U.S. regulators, including the FDIC and other federal bodies, indicate a growing acceptance of crypto integration within the traditional financial system. The FDIC has rescinded a rule requiring approval for banks to engage in crypto-related activities, allowing banks to participate in the crypto space if they manage the risks appropriately. This regulatory clarity, combined with a pro-crypto administration, adds to the long-term bullish narrative for XRP.

Ripple’s ongoing ecosystem expansion further supports Cobb’s bullish outlook. Ripple has made significant strides in advancing its stablecoin RLUSD and positioning itself to benefit from the anticipated growth of on-chain automated market makers (AMMs) and tokenized asset markets. The rapid increase in XRP’s Total Value Locked (TVL) and the community’s engagement, as evidenced by the popularity of memes, also indicate a positive outlook for the asset’s future. Cobb also mentioned Ripple’s recent acquisitions, which he believes will further bolster the company’s position in the market.

Cobb’s confidence in XRP is grounded in his extensive market experience, having held the asset since 2017. He described his $11.34 target as conservative, acknowledging the potential for much higher valuations. Cobb emphasized that XRP has come too far to stagnate, suggesting that the asset is on the verge of a significant move.