$XRP $XRP #AltcoinBoom
XRP price snaps 8-year downtrend vs Bitcoin as predictions target $14
XRP surged 12% in 24 hours, pushing its gains since November 2024 to 466%. Analysts now predict XRP could rally to double digits this year.
XRP/BTC breaks 8-year resistance
After years of underperformance against Bitcoin, XRP broke above a multi-year descending trendline in late 2024. The XRP/BTC pair closed at 0.000026 on Jan. 12, its highest weekly close since October 2022. Analysts expect the ratio to target its 2017 peak of 0.000245.
Crypto analyst Steph Is Crypto noted the breakout’s strong volume, predicting XRP will outperform BTC by at least 538%, based on similarities to its 2017 bull run. XRP’s current momentum could drive it toward its 2018 all-time high of $3.84.
Growing number of XRP holders
Santiment data shows 58,000 new XRP holders since early 2025, highlighting increased confidence in the project. This growing support adds strength to XRP’s bullish outlook.
XRP breaks bullish pennant pattern
XRP’s climb above $2.50 on Jan. 11 confirmed a bullish pennant breakout, according to trader Mikybull Crypto. His analysis points to a short-term target of $3.70, with potential for a more explosive rally to all-time highs.
Steph Is Crypto identified the pennant as part of a larger bull flag, projecting a breakout target above $14—an increase of 390% from current levels.
Potential ETF approval as catalyst
President-elect Trump’s Jan. 20 inauguration may bring favorable crypto policies, including possible approval of spot XRP ETFs in the US. JPMorgan predicts this could attract $4–8 billion in new assets, further driving XRP’s price.