Here’s Why XRP Price Is Skyrocketing? Peter Brandt’s Bullish Prediction

Highlights
- XRP price jumps 10% following a bullish chart pattern breakout.
- Peter Brandt’s chart reveals a clear bull flag pattern breakout, with a price target of $3.4.
- Activity from XRP whales and traders increases amid improving regulatory conditions.
- XRP ETF approval and the resolution of the Ripple vs. SEC lawsuit are expected to occur this year.
XRP price has launched its next rally wave, surging more than 10% in the past 24 hours. Analysts have identified several key technical patterns, including the breakout of a symmetrical triangle, signaling massive momentum and suggesting a bullish price target in the near future. This price action indicates strong market sentiment and points to continued upside potential for XRP in the coming days.
Currently, XRP is trading above the $2.50 mark, bolstered by a significant 75% increase in trading volume. This surge in volume is a clear indication of heightened market interest and investor confidence. The trading range over the last 24 hours has seen XRP reach a low of $2.34 and a high of $2.60, further demonstrating strong volatility and potential for continued upward movement.
The breakout from the symmetrical triangle pattern is a key factor driving the price surge. Such patterns often precede strong trends, and with XRP’s price now positioned above key resistance levels, it signals the possibility of an extended rally. Analysts predict that if the upward momentum continues, XRP could quickly approach and potentially surpass its next key resistance targets.
As the broader market continues to show positive signals, factors such as increased whale activity and improving regulatory conditions further support the likelihood of continued price appreciation for XRP. Investors and traders alike are closely monitoring the unfolding technical setup, which suggests that XRP’s price could see further upside in the coming days.
XRP Price Breaks Out on Technical Charts
Veteran trader Peter Brandt’s $500 billion market cap prediction for XRP generated substantial market buzz last week. He emphasized that a bull flag breakout in XRP would technically confirm a major market cap increase by 2025. The anticipated breakout on the XRP price chart has now occurred.
In a January 12 post on X, he shared an XRP price chart showcasing a clear bull flag pattern breakout on the daily timeframe. Referring to XRP as the “Leader of the pack,” he highlighted the bullish momentum the crypto asset is likely to experience in 2025.

Peter Brandt’s XRP price prediction suggests a smooth climb above $3 in the near term. He set a short-term price target of $3.4, as the community eagerly awaits positive developments for Ripple and XRP this year.
CoinGape’s analysis indicates that XRP is currently encountering resistance at $2.60. To achieve a decisive move above $3, the asset must break past this resistance level and surpass its previous high of $2.90.
The Bollinger Bands suggest substantial upside potential as the XRP price hovers near the upper band. Additionally, the RSI at 60 indicates ample room for an uptrend, reinforcing the breakout momentum.

Elevated Whale and Trader Activity
Popular crypto analyst Ali Martinez highlighted that many traders are shorting XRP at $2.60. This has formed a significant liquidation zone that market makers might target.

Notable whale activity was observed in the last 24 hours. Whale Alert reported the transfer of 24,000,000 XRP, valued at over $60 million, from Upbit to a wallet. Additionally, a transfer of 300 million XRP from Ripple to an unknown wallet has generated significant buzz.
XRP ETF and Enhanced Regulatory Conditions for Ripple
Ripple CEO Brad Garlinghouse revealed significant developments the company has made in the US over the past six months, including approval for the launch of the RLUSD stablecoin. He anticipates that the incoming Trump administration will further enhance business development opportunities for Ripple in the United States.
Experts, including ETF Store president Nate Geraci, have predicted a high likelihood of XRP ETF approval this year. Financial giants like Bank of America integrating XRP for internal transactions indicate growing mainstream adoption for the crypto asset.
Lawyers, such as former SEC officials Marc Fagel and Jeremy Hogan, believe that incoming US SEC Chair Paul Atkins may opt not to pursue an appeal in the XRP lawsuit. The Ripple vs. SEC case is nearing its conclusion, with Ripple executives attending dinner with President-elect Donald Trump.