Legendary trader says XRP ‘to rock and roll soon’ to $500 billion market cap

After XRP experienced a price breakout above the $1 mark, a legendary trading expert has pointed out that the asset is forming a pattern likely to elevate its market cap to around the half-a-trillion-dollar mark. Specifically, Peter Brandt noted that XRP could soar to a $500 billion market cap in a prediction that hinges on completing a ‘half-mast flag’ bullish technical pattern, as noted in an X post on January 7. Brandt explained that this bullish continuation pattern needs to resolve within six weeks to remain valid. He suggested that if the setup is completed successfully, XRP could reach a market cap of $500 billion. However, if the pattern takes too long to play out, it could lose its significance or evolve into a different structure. XRP price analysis chart. Source: Peter Brandt “This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible,” he said. The analysis acknowledged that XRP has experienced a massive rally followed by consolidation. The decrease in trading volume during this consolidation aligns with typical flag behavior, suggesting a potential continuation of the bullish trend. Should XRP break out of this pattern, the projected market cap of $500 billion is derived by measuring the height of the initial rally and applying it to the breakout point. Therefore, if XRP hits the market cap target, the price would be valued just below the $9 mark. XRP possible 470% breakout Meanwhile, a bullish analysis was shared by another prominent cryptocurrency analyst, Ali Martinez, who, through an X post on January 6, pointed out that the Ripple -affiliated token is facing the possibility of rallying by 470%. In this case, Martinez stated that XRP’s super trend indicator on the 12-hour chart flipped bullish once again. The last time this key technical signal appeared, XRP surged by a staggering 470%, marking a significant rally in a short period. The formation helps traders identify potential shifts in market direction. In the current setup, XRP is trading around $2.40, with the indicator suggesting bullish momentum could push prices significantly higher if history repeats itself. XRP price analysis chart. Source: TradingView XRP fundamentals Although XRP remains susceptible to general market price movements, there is anticipation that the token could be further boosted with the anticipated friendly regulations under the Donald Trump administration. Notably, Gary Gensler’s exit from the helm of the Securities and Exchange Commission ( SEC ) is at the top of the list. Indeed, XRP’s parent company, Ripple, is already witnessing the fruits of the anticipated Trump policies. To this end, Ripple CEO Brad Garlinghouse declared 2025 as the start of a “Trump bull market,” crediting the pro-crypto stance of the incoming administration for renewed optimism in the U.S. economy and blockchain innovation. He stated that Ripple has shifted 75% of its hiring back to the U.S. and signed more domestic deals in the last six weeks of 2024 than in the previous six months, signaling a strong rebound after years of regulatory hurdles under SEC Chair Gensler. 2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler`s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved. Today: ✅75% of Ripple’s open roles are now US-based, while… — Brad Garlinghouse (@bgarlinghouse) January 5, 2025 XRP price analysis By press time, XRP was trading at $2.46, having rallied almost 3% in the last 24 hours, while on the weekly chart, the token is up over 18%. XRP seven-day price chart. Source: Finbold Currently, XRP is showing moderate volatility at 5.65%, and its position above the 50-day simple moving average ( SMA ) and 200-day SMA indicates strong bullish momentum. The Relative Strength Index ( RSI ) at 59.33 reflects a neutral to slightly bullish trend, while the market sentiment is bullish, supported by a Fear & Greed Index of 78 (Extreme Greed). Besides this technical setup, XRP will likely experience swings, especially with Ripple’s planned unlock of more tokens for January. Featured image via Shutterstock The post Legendary trader says XRP ‘to rock and roll soon’ to $500 billion market cap appeared first on Finbold .

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