XRP Market Cap of $500 Billion ‘Possible’ Within Six Weeks, Says Veteran Trader
XRP’s price trajectory is capturing attention as it approaches a critical breakout point. With the potential for a significant rally, seasoned market analysts suggest XRP could hit a market capitalization of $500 billion in the coming weeks—if bullish patterns align.
XRP Eyes Major Breakout Above Resistance Levels
Currently, XRP’s price is testing its descending resistance trendline, with daily candles attempting to close above the cap that has restricted its upward movement. A decisive break above the $2.48–$2.60 resistance range would mark a strong bullish signal, potentially setting the stage for a rally beyond $2.72.
Veteran trader Peter Brandt highlights the formation of a half-mast flag on XRP’s weekly chart. This neutral pattern, which typically signals consolidation in the middle of a trend, could lead to either a bullish or bearish outcome. Brandt emphasizes the urgency of timing, noting:
“This flag in $XRP needs to rock and roll soon; otherwise, it will likely morph into something else TBD.”
If completed bullishly, this pattern suggests a staggering 262% gain, pushing XRP to a price target of $6.40 and achieving a market cap of $500 billion.
Bullish Indicators Align for XRP
Market optimism is bolstered by additional technical patterns. Trader Mikybull points to a bull flag pattern on the daily chart, reinforced by Fibonacci extension lines. The immediate target is $3.74, with a potential long-term peak of $15—a 514% rise from current levels.
To achieve these milestones, XRP must first breach the $2.48–$2.60 resistance zone, which has acted as a ceiling for the asset’s price three times, including a liquidity sweep on Dec. 17. Analysts believe clearing this range could accelerate the bullish momentum.
Market Observations and Key Levels
Order flow analyst Dom adds further insights, noting that XRP has remained in a mid-range consolidation for six weeks, with a point of control (POC) around $2.45 based on the Volume Weighted Average Price (VWAP). He explains:
“The profile is starting to look very balanced, indicating a break is soon. Any dip into the orange VWAP bands, I will be bidding for longs. Full acceptance over $2.45 and things likely start moving fast.”
For XRP to confirm its bullish trajectory, it must first secure a daily close above $2.45, bringing targets of $3.74 and $6.40 into focus. Failure to break resistance, however, could risk a bearish turn, as Brandt warns.
The Road Ahead: Opportunity and Risk
While XRP is well-positioned for a potential rally, the market remains cautious. The next few weeks will be critical for determining whether XRP can capitalize on these bullish patterns or face a breakdown. If XRP’s price breaches the pivotal resistance and gains momentum, the long-speculated $500 billion market cap may become a reality, redefining the altcoin’s position in the crypto landscape.
This article is for informational purposes only and does not constitute investment advice.
