XRP Price Breaks Through 8-Year Downtrend: XRP Target Possibly $14
The XRP price continues to show remarkable strength compared to the broader crypto market. Signs indicate that the altcoin is on its way to new highs, with potential price targets reaching double digits.
Market analysts predict that XRP will continue to outperform Bitcoin, potentially rising by 538% in the coming months. According to analyst Steph Is Crypto, this growth could even lead to a price target of $14.
Disclaimer: This analysis has been prepared by an independent analyst and is intended for informational purposes only. It does not constitute financial advice. Investors are advised to conduct their own research and carefully consider their investments before making decisions.
XRP Shows Strong Growth
XRP recently recorded an impressive 12% increase in just 24 hours. Since early November 2024, XRP's value has risen by 466%. After hitting a low of $2.20 on January 3, the price recovered swiftly, leading analysts to suggest that XRP may rise further into double digits this year.Breakthrough Above 8-Year Resistance
Since the 2017 bull market, XRP had underperformed compared to Bitcoin. However, this changed at the end of 2024 when the XRP/BTC ratio broke through a descending trendline that had acted as resistance since 2017. In the last week of November 2024, XRP/BTC closed above 0.000015, signaling a breakthrough. By January 12, 2025, the ratio reached 0.000026, its highest level since October 2022.Market analysts predict that XRP will continue to outperform Bitcoin, potentially rising by 538% in the coming months. According to analyst Steph Is Crypto, this growth could even lead to a price target of $14.
Growth in the Number of XRP Holders
The positive market structure is supported by a growing ecosystem. Since the beginning of 2025, 58,000 new XRP holders have joined, according to market analysis firm Santiment. This suggests that the community has confidence in XRP's long-term potential.Technical Analysis: Bullish Pennant
On January 11, XRP broke through the $2.50 level, confirming a bullish pennant. This formation, visible since December 2024, suggests a short-term target of $3.70. According to analyst Mikybull Crypto, the next major target lies much higher, potentially above $14, due to a larger bull flag formation that has been developing since November 2024.Key Factors in the Outlook
In addition to technical indicators, macroeconomic events could play a role in XRP's price development. The anticipated approval of spot XRP ETFs in the United States could attract additional capital and positively influence the market.Disclaimer: This analysis has been prepared by an independent analyst and is intended for informational purposes only. It does not constitute financial advice. Investors are advised to conduct their own research and carefully consider their investments before making decisions.