
XRP has rallied significantly in recent days, approaching a crucial milestone.
Traders like Peter Brandt anticipate a continued bullish trend for XRP, leading to an increase in market cap.
The rally is driven by a combination of positive XRPL developments, the launch of RLUSD, and the broader bullish sentiment in the crypto market.
Bitcoin (BTC) has made history, soaring past $100,000 for the first time in 2025. Riding on the wave, Ripple-backed XRP has surged nearly 20% over the past week, trading at around $2.44 during the early European session on Tuesday, January 7.
This rally has pushed XRPโs fully diluted valuation to $244 billion, with a 24-hour average trading volume of $4.3 billion. However, XRP is now at a critical point that could either extend its bullish momentum or lead to a correction.
XRP Breakout Incoming?
Veteran trader Peter Brandt has identified a flag pattern in XRPโs price action, which he believes will resolve within six weeks. The recent bullish breakout gives buyers the advantage, raising the chances of sustained upward movement.
โThis flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then a market cap of $500 B is possible,โ
Brandt noted.
Sharing similar optimism, crypto analyst Captain Faibik stated that a successful breakout from the current flag pattern could push XRPโs price up by at least 50%, potentially nearing its all-time high (ATH).
On the weekly chart, XRP recently broke out of a multi-year consolidation, signaling that the current rally could still be in its early stages.
Whatโs Driving the XRP Rally?
XRPโs recent surge is supported by key developments in the XRP Ledger (XRPL) and shifting political dynamics in the United States.
Rippleโs newly launched RLUSD stablecoin has gained significant traction, achieving a market cap of over $72 million and a 24-hour trading volume of around $24 million. These numbers reflect increasing adoption and market interest.
Ripple CEO Brad Garlinghouse also pointed to political factors, specifically the pro-crypto policies of former U.S. President Donald Trump.
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With technical indicators, XRPL advancements, and political support all aligning, XRP is at a pivotal moment. Traders are closely watching the flag pattern identified by analysts to see whether the bullish trend continues or reverses.
FAQs
Popular analyst Peter Brandt suggests XRP’s flag pattern could lead to a $500B market cap if the bullish trend continues.
Political shifts, including a Trump-induced crypto rally, have contributed to XRPโs bullish movement, supported by new developments like RLUSD.