XRP (XRP) Price Prediction: Xrp Poised to Break Out Targeting $15 After a Symmetrical Triangle Breakout on the Monthly Chart

XRP has been the top-performing asset in the market recently, continuing its upward trend after a brief slowdown. The driving force? Speculation

XRP has been the top performer in the market recently, continuing its upward trend after a brief slowdown.

Cryptocurrency analyst Lark Davis highlighted XRP’s strong breakout from a triangle pattern, signaling a potential continuation of the bullish trend. Several factors are driving the XRP hype train, according to Davis.

One of the biggest is the possible approval of an XRP ETF. After years of sparring with the SEC, XRP is now seen as one of the leading contenders for an ETF. Experts estimate that an XRP ETF could attract up to $6 billion in investment, creating massive demand.

Adding to the excitement are also rumors about Ripple’s involvement in major deals and the possibility of tax-free crypto trading in the U.S. Ripple’s RLUSD stablecoin, if it were to gain widespread adoption, can amplify XRP demand as it gets burned with each transaction.

While many altcoins have stumbled and fallen below their 50-day exponential moving average (EMA), XRP has held strong, staying above this key level. A MACD bullish crossover on January 11th further supported this bullish theory.

This mirrors the pattern seen back in November 2024 when XRP soared from $0.50 to nearly $3. While another 500% rally might be a stretch, the current breakout and MACD alignment could mean that XRP could see continued growth.

The next critical level for XRP is $3.30. If XRP manages to break through the $3.30 resistance level, the next major hurdle would be around $3.90.

According to analyst Ali Martinez, XRP has broken out of a symmetrical triangle on the monthly chart, suggesting a possible upside target of $15. XRP is currently trading at $3.10, marking a 25% rise in over a week.