Key Points:
- XRP’s price surged 3.4x in the last month, reaching $2.37 per token.
- Prominent analyst Ali predicts XRP may hit between $8.4 and $48.1 depending on market trends.
- Ripple CEO criticized media for neglecting XRP’s legal victory against the SEC.
- XRP is the 4th largest cryptocurrency by market capitalization, following BTC, ETH, and USDT.
- Institutional interest is rising with Grayscale launching an XRP Trust and WisdomTree filing for an XRP ETF.
XRP’s Rapid Growth and Market Momentum
Ripple’s XRP has seen an extraordinary rise in value, multiplying its price by 3.4 times within a month to $2.37. This sharp increase highlights its potential and fuels discussions about its future. Analyst Ali points to a breakout from a long-term symmetrical triangle pattern as evidence that XRP remains undervalued. His conservative projection places XRP at $8.4, while his optimistic forecast envisions a high of $48.1, emphasizing its strong technical outlook.

Growing Institutional Interest
The rise in XRP’s price is matched by increasing interest from institutional investors. Grayscale Investments recently announced the launch of the “XRP Trust,” aimed at accredited investors looking for exposure to XRP. Additionally, WisdomTree, a leading asset management firm, filed an S-1 application for a spot XRP ETF. These developments underline growing confidence in XRP’s future, despite past legal challenges.
Ripple CEO Speaks Out on Media Coverage
Ripple CEO Brad Garlinghouse recently appeared on CBS’s “60 Minutes” to discuss Ripple’s journey. However, he expressed dissatisfaction with the program’s failure to address Ripple’s landmark legal victory over the SEC, where XRP was ruled not to be a security. Garlinghouse highlighted the significant progress Ripple has made, facilitating billions in KYC-compliant transactions and positioning XRP as a key player in the cross-border payments market.
XRP’s Position in the Cryptocurrency Market
With a market capitalization now ranking fourth behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), XRP continues to secure its position as a major cryptocurrency. Its liquidity and trading volumes reflect strong market confidence, bolstered by institutional backing.
Diverse Views on XRP as an Investment
While XRP’s recent performance has been impressive, opinions on its investment potential vary. Santiago Roel Santos, founder of Inversion Capital, remarked that following mainstream sentiment in speculative markets can lead to significant gains, even for unconventional choices like XRP or meme coins.
Price Predictions and Market Outlook
XRP’s future hinges on multiple factors:
- Institutional Adoption: Ripple’s partnerships for cross-border payments will significantly impact XRP’s trajectory.
- Regulatory Developments: The SEC’s actions remain a wildcard, with potential appeals still looming.
- Market Trends: Broader cryptocurrency market dynamics, including Bitcoin’s performance, will likely influence XRP’s growth.
Ali’s bullish projection of $48.1 highlights XRP’s potential if it continues gaining institutional trust and regulatory clarity.
Future Outlook
Ripple’s recent milestones showcase its resilience and potential to disrupt traditional financial systems. The surge in institutional interest, combined with its technical and legal victories, positions XRP as a compelling choice for investors. As Ripple advances its mission to streamline cross-border payments, XRP’s role in shaping the crypto landscape will become increasingly significant.