Ripple (XRP) is undoubtedly one of the most promising cryptocurrency tokens in the space. XRP has lately been making waves in the market, primarily due to its CEO’s latest meeting with the president-elect, Donald Trump. Rumors have been sparking from all corners that the Ripple ecosystem is brewing something huge. In the middle of this, XRP is already charting its path to touch remarkable price highs, possibly claiming the double-digit price crown soon. Is $10 truly a price spot that XRP can claim in the future? One analyst thinks so.
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Ripple to the Moon?
XRP is currently busy thriving, launching new products for its investors to bank on. For instance, XRP has already unveiled RLUSD, the ecosystem stablecoin, in efforts to revolutionize the finance sector. With such happening developments taking place, XRP is bound to gain future momentum.
Per notable price analyst Ali Martinez, XRP is currently rising under a pennant formation. Martinez later shared how XRP’s first rising trendline of the pennant is at a $2.05 price value.
The expert clarified that the moment XRP is able to cross $2.50, it can gain spectacular price momentum, where even $10 is something that XRP could claim in the long haul.
“$XRP offers two potential entries. The first is the rising trendline of the pennant, at $2.05. The second is a breakout outside of the pennant, at $2.50.Regardless of your entry, the target remains $10!”
$XRP offers two potential entries. The first is the rising trendline of the pennant, at $2.05. The second is a breakout outside of the pennant, at $2.50.
— Ali (@ali_charts) January 9, 2025
Regardless of your entry, the target remains $10! pic.twitter.com/chpPehzUq7
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Polymarket Weighs In On The Token’s ETFs Ordeals
Per Polymarket, the possibility of XRP ETF approvals has now increased, with stats displaying a solid 70% chance of these ETFs being approved this year.
Yesterday Ripple CEO Brad Garlinghouse met with Trump for dinner.
— Polymarket (@Polymarket) January 9, 2025
Odds $XRP gets an ETF this year are steady at 70%. pic.twitter.com/vjbkSICn8s
At the same time, John E. Deaton, Ripple’s lawyer, has floated another bullish development for Ripple. Deaton took to X to share how a Ripple IPO might be in the works, which could soon be launched around the last quarter of 2025 or the first quarter of 2026.
“I’ve already stated that I believe we see a Ripple IPO either in the last quarter of 2025 or the 1st quarter of 2026. The timing depends on how aggressive Paul Atkins is as SEC Chairman. I predict the appeal gets withdrawn, Ripple pays the fine, and the case is over.”
“@Ripple didn’t prioritize going public because that really didn’t make any sense under the previous SEC administration, maybe that changes in the future.”
— John E Deaton (@JohnEDeaton1) January 6, 2025
—- @bgarlinghouse
I’ve already stated that I believe we see a Ripple IPO either in the last quarter of 2025 or the 1st… https://t.co/mEHkIqpkCb
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