John Bollinger Predicts XRP Could Emerge as the New Market Leader

John Bollinger, a legendary technical analyst and the inventor of Bollinger Bands, recently suggested that XRP could emerge as a new market leader.

Legendary technical analyst John Bollinger, known for creating Bollinger Bands, has suggested that XRP could become a new market leader.

What Happened:

Bollinger shared his thoughts on XRP in a recent post on X (formerly Twitter). He used a mythological analogy to describe XRP’s resilience.

"In a recent interview, I was asked about my thoughts on XRP. I responded by saying that it has the potential to become a new market leader," Bollinger said.

He added, "XRP has also managed to withstand the recent singing of the Siren’s best song, which is no small feat in today's rapidly changing market. It will be interesting to see if the market can continue to move higher without XRP."

Technical analyst Ali Martinez responded that XRP will succeed based on its ability to defend the $2 price support.

Current market performance showcases that XRP maintains a trading value at $2.40 following its recovery from a low point at $2.10. The stable support establishing itself at $2 provides a strong base for XRP to achieve new highs, potentially leading to a significant rise in the cryptocurrency's value.

Why It's Important:

Bollinger, a respected figure in technical analysis, has rarely shared his perspective on XRP despite covering the cryptocurrency markets for several years. His comments come as XRP faces critical legal and regulatory changes that could reshape its role in the broader crypto ecosystem.

Earlier this year, the U.S. Securities and Exchange Commission began settlement talks with Ripple, aiming to resolve the dispute over the sale of XRP tokens.

Furthermore, market anticipation about the future of XRP and the possibility of exchange-traded funds being launched played a role in fueling this market surge. The cryptocurrency is also receiving positive investor attitude due to its predicted course.

Co-Founder of The ETF Institute Maple Geraci expressed optimism about BlackRock's potential plans for ETF applications involving both Solana and XRP. He predicted that SEC settlements with Ripple (XRP) would allow the launch of XRP ETFs.

"My take: no Solana or XRP ETFs without an SEC settlement. Given i) BlackRock's foray into spot Bitcoin ETFs and ii) the potential for cross-chain DeFi integration, both Solana and XRP ETFs could be on the horizon. An interesting mental exercise for sure," Geraci said.