$XRP , the cryptocurrency powering Ripple's payment network, could see a 40% price surge as bullish technical patterns and improving market sentiment boost confidence. Analysts highlight a potential breakout from a descending triangle formation, which has historically led to average gains of 47%. To confirm the move, XRP must breach the pattern’s upper trendline while holding support near $2.00.
Adding to the optimism, social sentiment for XRP outpaces Bitcoin and Ethereum, bolstered by expectations of crypto-friendly policies under President-elect Donald Trump. Ripple executives anticipate regulatory clarity and potential developments like an XRP ETF, signaling the end of prolonged uncertainty.
With technicals and sentiment aligning, XRP may extend its rally, further propelled by the “Trump effect” and a shifting U.S. regulatory landscape.
