XRP News Today: XRP Predicted to Rally 1000% to $38 Over Years Amid Bullish Trends

XRP, the cryptocurrency associated with Ripple, has recently attracted considerable attention from analysts who predict a potential rally to $38. This forecast is based on a breakout from a seven-year double-bottom pattern, which has been forming on the two-week chart. Analyst Gert van Lagen notes that this pattern indicates a potential for an explosive rally. The price first broke out of the neckline resistance of this pattern in late 2024, rallying by triple-digit percentage gains. Since then, it has converted this neckline into a strong support level, but the lack of a clear breakout has led to seven months of consolidation.

If XRP continues with its current bullish momentum, it could reach $38, according to van Lagen. This target is derived from the difference in height between the double-bottom support level and the neckline resistance. However, reaching $38 would imply a market capitalization of $2.2 trillion, which is comparable to the current market cap of Bitcoin. Therefore, such a rally is not expected to occur within a short time frame but rather over several years.

In addition to the long-term bullish forecast, short-term projections also favor bullish traders. A recent analysis suggests that as Bitcoin continues to chase new all-time highs, the XRP price may reach $4 soon. This optimism is further supported by several factors, including ongoing accumulation by whale addresses. Data indicates that whales holding more than one million coins have bought 100 million Ripple tokens in the last seven days, while those with at least 100 million coins have purchased a staggering 1.45 billion coins. This accumulation spree, coupled with a massive increase in institutional demand, as seen by the Teucrium XXRP ETF amassing over $248 million in net assets, suggests a continued rally for XRP.

The success of the Teucrium XXRP ETF has also sparked speculation that a spot XRP ETF might receive approval soon, especially with US legislators discussing several crypto-friendly bills. On Polymarket, 85% of investors project that this product will get a green light before the year ends. Furthermore, the GENIUS Act, currently being debated by the US House of Representatives, is expected to benefit the RLUSD stablecoin, which has achieved a $517 million market cap. Friendlier regulations could support the growth of RLUSD and, by extension, XRP.

XRP's market potential has stirred vibrant discussions among enthusiasts, though Ripple's executive leadership, including CEO Brad Garlinghouse and CTO David Schwartz, has remained focused on technology and compliance over price projections. Industry analysis remains speculative. Market sentiment is strongly influenced by these predictions, despite no official institutional, regulatory, or financial announcements endorsing the rally. Ripple's leadership continues to focus elsewhere, emphasizing technological advancements rather than price analyses.

Analysts reference XRP’s past performance trends to assert a potential for significant gains. However, regulatory perspectives on XRP remain unchanged. With data showing no major funding initiatives or unusual trading volume, the industry monitors these speculative movements closely.