Ripple’s XRP is stabilizing, holding firm above $2.15 despite a dip in daily trading volume. As of publication, XRP is up 0.23%, with a market cap of $125.33 billion and 24-hour highs touching $2.18. The token’s daily trading volume dropped 25% to $2.99 billion, indicating caution among traders despite broader crypto market gains.
Data from CoinGlass revealed a 0.5% uptick in XRP Futures Open Interest, signaling growing trader confidence. But much of the attention remains on whether XRP has already bottomed.
EGRAG CRYPTO, a well-followed market analyst, suggests the April 7 low may have marked a reversal point. He emphasizes that XRP needs to confirm this with a weekly candle close above $2.10, surpass the 21-week EMA, and ideally break $2.25 to firmly establish a bottom.
Can XRP Breakout to $15?
As discussions about the XRP bottom continue, another bold forecast is drawing attention. Market strategist Zach Rector has modeled a scenario where XRP could reach $15, driven primarily by inflows from a potential XRP ETF.
Rector’s Key Points:
- Estimated ETF inflows: $4B–$8B in the first year
- Market cap multiplier: ~200x
- Projected market cap increase: $800B
- Circulating supply: 60B tokens
- Implied XRP price: $15.42
Rector’s analysis leans on the market cap multiplier theory, a concept used to assess how inflows translate into asset value. In one example, XRP’s market cap jumped $7.74 billion following only $12.87 million in inflows, reflecting a multiplier of 601x.
While ambitious, Rector’s prediction gains weight amid growing anticipation for an XRP ETF, with Ripple’s CEO projecting a launch by late 2025.
ETF Buzz Sparks Investor Interest
The ETF speculation has sparked renewed interest in XRP. A recent report noted XRP’s positive inflow trend, contrasting with broader crypto outflows totaling $790 million last week.
According to on-chain data:
- XRP outperformed BTC, ETH, and SOL during the latest market dip
- Price targets near-term: $5.50 (short-term), $15 (ETF-driven long-term)
- Key resistance zones: $2.25, $2.50
Even as uncertainty lingers, investor optimism appears to be growing. With technical and institutional momentum building, XRP may be poised for a substantial breakout—if market conditions align.
However, experts caution that investors should closely monitor resistance levels and macro trends before making major commitments, especially as the ETF narrative continues to evolve.
