XRP Price Targets $15 Rally As US XRP Reserve Speculations Soar, Here’s All

XRP price surged today, fueling speculation about a potential rally toward $15. Analysts remain bullish as Ripple’s native crypto shows signs of breaking key resistance levels. Amid talks of a US XRP Reserve, market experts predict significant price movements ahead.

But can the crypto sustain its momentum and reach new highs despite the recent stagnant performance? Let’s find out here.

Analyst Predicts XRP Price To Hit $15, Here’s Why

Top crypto analyst Ali Martinez pointed out that the XRP price may have broken out of a symmetrical triangle pattern. According to him, this breakout sets the stage for a potential rally toward $15. Sharing insights on X, he suggested that this technical formation indicates strong upside potential.

Considering that, if the bullish trend holds, XRP could be gearing up for a major move. However, sustaining this momentum is crucial for a breakout confirmation.

Key XRP Price Levels To Watch For Future Movements

Another analyst, EGRAG CRYPTO, outlined critical resistance and support levels for XRP’s price trajectory. He stated that as long as XRP remains within a “yellow” horizontal channel (as mentioned in the chart below), market fluctuations are just noise. He stated the following conditions that might help investors navigate the future path of Ripple’s native asset:

• A close below $2.30 signals a bearish outlook.
• Breaking past $2.60 confirms a bullish trend.
• A move above $2.85 strengthens the rally.
• Surpassing $3.11 could push XRP toward new all-time highs, likely to $4.

These levels are crucial in determining whether XRP can sustain its upward momentum and challenge previous record highs.

US XRP Reserve Speculations Fuel Optimism

Rumors about an XRP Strategic Reserve have been circulating, adding to market enthusiasm. Though there is no official confirmation, speculation has driven investor sentiment. Some traders believe this initiative could enhance liquidity and support long-term price growth.

If such a reserve materializes, it could further strengthen XRP’s position in the crypto space. However, investors remain cautious as they await concrete developments. So, here are some of the key developments that are hinting towards a potential US XRP Reserve ahead.

Developments Hinting At Ripple & US Administration Collaboration

Speculations surrounding the US XRP Reserve have been gaining momentum, fueled by a series of events and connections between Ripple and President Donald Trump. The XRP price has historically been sensitive to developments related to Ripple’s relationships with US regulators and policymakers.

One key factor contributing to the speculation is Ripple CEO Brad Garlinghouse’s reported meetings with Trump. These meetings, which took place before and after Trump’s re-election, have sparked rumors about potential collaborations in the near future. In addition, Garlinghouse’s attendance at the Crypto Ball and his donation of $5 million in XRP to Trump’s inauguration has further fueled speculation.

Other developments include Donald Trump Jr. following Ripple on social media. On the other hand, rumors about Garlinghouse’s appointment to Trump’s crypto council advisory board, have also contributed to the buzz surrounding XRP.

While these events have generated significant interest and speculation, it remains to be seen whether they will translate into an XRP price rally. Market analysts will be closely watching for any further developments or announcements that could impact the cryptocurrency’s value.

Ripple’s Support Of TRUMP Coin Sparks Discussion

In a recent development, Ripple has backed President Donald Trump’s official memecoin, TRUMP, through its support to MoonPay. This move has sparked speculation about the strong collaboration between the blockchain firm and the US administration in the near future.

Ripple reportedly helped MoonPay manage the overwhelming demand for the TRUMP token. The token’s market capitalization skyrocketed from $200 million to over $10 billion within 48 hours after launch, with trading volumes exceeding $20 billion over a two-day period, causing a liquidity crisis.

However, following a thorough vetting process that included a personal asset pledge from MoonPay’s CEO Ivan Soto-Wright, Garlinghouse approved the additional funding. Notably, commenting on the development, Ripple CTO David Schwartz said “So I guess this is public now.”

Can XRP Price Hit $15?

XRP price delivered gains of 1.5% and traded at $2.44 after touching a 24-hour low of $2.25. The token’s Relative Strength Index stood at 40, indicating possibilities of further gains ahead for the crypto. Besides, XRP Futures’ Open Interest rose 1% to $3.5 billion during the writing, reflecting the bullish sentiment hovering in the market.

However, while analysts are optimistic, XRP price’s journey to $15 depends on various factors. Market conditions, regulatory developments, and overall crypto trends will influence its trajectory. If the crypto sustains key price levels and breaks resistance, a major rally could be on the horizon.

In addition, the positive regulatory developments in the market could further boost the price ahead. For context, Ripple CEO Brad Garlinghouse has recently lauded the recent pick of Brian Quintenz as the new CFTC Chair.

Considering all these aspects, it appears that the crypto is poised for a strong rally ahead. However, given the recent volatility, investors should exercise due diligence while putting their bets into the market.