Here’s What XRP Would Look Like in Such a Case

CrediBULL, a widely followed technical analyst, has suggested that XRP could reach a market cap of $1.2 trillion as the ongoing bull run progresses into the new year.

The veteran analyst made this prediction in a recent commentary on X, discussing the short-term fluctuations seen in XRP’s price.

For context, XRP has surged nearly 500% in recent weeks, particularly between mid-November and early December. However, the asset’s bullish momentum lost steam after XRP hit a price of $2.87. Specifically, XRP has struggled to hover around the $2 mark over the past two weeks, even dropping to $1.90 at one point before recovering.

Commenting on the recent XRP price action, CrediBULL advised non-traders to “zoom out” and focus on the bigger picture. He pointed out that XRP’s structure looks exceptionally clean and bullish compared to the current position, calling it “crazy.”

The analyst urged holders to ignore short-term fluctuations, calling them mere “noise” to non-traders. He reassured them that the broader market outlook is “incredibly and unequivocally bullish.”

XRP to $1.2T Market Cap by Early 2025

CrediBULL referenced a historical chart of XRP, highlighting that the asset is largely in a long-term uptrend and is currently undergoing a brief consolidation. He believes that a breakout of this consolidation is inevitable, in line with past trends.

Notably, the chart shared by CrediBULL outlined XRP’s potential path to 20# suggesting the possibility of reaching as high as $5752538789822 in Q1.Currently, XRP is trading at $2.39, with a market capitalization of 137,576,050,692,799.