Highlights
- Analyst Ali Martinez opines XRP price may reach $15 after breaking out of a bull flag.
- His forecast follows a 70% surge in Ripple's price in one month.
- Institutional demand towards XRP is rising after Teucrium's XXRP ETF surpassed more than $500M in net assets.
XRP price has gained by more than 70% in the last 30 days to trade at $3.48 today, July 22. Amid these gains, analyst Ali Martinez has said that XRP is now trading above a bull flag pattern, and it might soar to as high as $15. Martinez’s prediction comes after the XXRP ETF, which is issued by Teucrium, recorded more than $500 million in assets.
Analyst Predicts XRP Rally to $15
In his recent analysis, Martinez noted that it is clear that the price of XRP is about to begin a strong surge because of overcoming a major resistance level. The chart shared by this analyst suggests that the ongoing gains might only be at the initial stages because Ripple is on the path to attaining a double-digit price.
The flag pole formed between October 2024 and January 2025 indicates that if the price confirms that the resistance at $3.50 is now serving as a major support, the XRP price might surge to as high as $15. Such a rise will mark a 330% rally from the current price, suggesting that the Ripple token has a chance to make an over five times gain.
If these gains happen, it would not be the first time for the Ripple price to record such massive rallies. This is because between late 2024 and January 2025, XRP soared by more than 500%, with the price jumping from $0.50 to a peak of $3.40 in less than three months.
However, the rally to $15 might face more hurdles compared to last year’s rally, and this is mostly because of the 59 billion supply, which would take the market cap to $885 billion. Because of this, a surge to $15 would take years to happen.
Nevertheless, Martinez is not the only analyst who is bullish on a double-digit XRP price. As CoinGape reported, a 2017 pattern indicates that the XRP price might surge to $45 if it repeats the 1,300% rally that it made five years back.
Teucrium’s XXRP ETF Surpasses $500M in Net Assets
The recent increase in spot volumes has depicted that retail is beginning to become interested in the XRP token. However, institutions are not being left behind, and this is evidenced by a drastic surge in the net assets for the XXRP ETF offered by Teucrium.
According to data shared by the issuer, this product has recorded more than $506 million in total assets so far, and it holds nearly 8 million tokens. When more institutional investors start buying, the XRP price will definitely surge , making the bullish forecasts shared by analysts achievable.
Besides demand, the XRP network has also recorded a significant increase in usage after XRPL saw a 2,260% increase in tokenized RWAs as more firms tokenize assets, which is also a sign of growing institutional demand.
Based on this, an XRP price rally to $15 appears likely, but it might take years before its market cap gets to more than $800 billion with this price.
Frequently Asked Questions (FAQs)
1. Can XRP price reach $15?
2. Are institutions buying XRP?
3. Why is XRP price up by over 70% in one month?
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