His projection, based on technical analysis, depends on the breakout of a symmetrical triangle pattern on the XRP monthly chart, which he interprets as a strong signal of a bullish trend.
Ripple's XRP Eyes Bullish Momentum
Market experts reveal technical insights suggesting that XRP's bullish journey is far from over. Source: Ali_ Records through x
The symmetrical triangle has engulfed XRP's price action since its fall from the all-time high of $3.80 in early 2018. Over the years, the coin has endured a long period of consolidation within the structure. A breakout attempt occurred in April 2021, with XRP facing strong resistance near $2. However, the breakout in November 2024, fueled by renewed market optimism, has renewed hope for XRP bulls.
XRP price broke a symmetrical triangle, making $15 an upside target. Source: Ali_ Records through x
Martinez says that the recent breakout could increase the value of XRP fivefold from its current price, surpassing $15. XRP has already reconfirmed a critical resistance level at $3.40, further confirming on the bullish path.
Market cap matters: Ripple outshines BlackRock
Martinez's projection has fueled a heated debate about the impact of XRP's market cap. Critics, such as the crypto trader “Tribal Trader,” question the feasibility of XRP reaching $15, citing the large market cap needed to sustain such a price. At $15 per coin, XRP's market capitalization would exceed $860 billion – double Ethereum's current valuation.
Martinez countered this suspicion by pointing out that XRP already has a higher market cap than financial powerhouse BlackRock. Ripple's market cap is currently $180 billion, surpassing BlackRock's $155 billion, despite the fact that the latter manages more than $11.6 trillion in assets. Martinez said, “If market cap were a limiting factor, it would not be possible for XRP to surpass BlackRock.”
Catalysts behind the growth of XRP
The reason behind the apparent price increase to $15 for XRP is the recent legal win against the US SEC. This Ripple win made a difference by clearing XRP's status as a digital asset, clearing all regulatory question marks towards institutional adoption. Financial institutions are increasingly considering Ripple blockchain solutions that are effective for cross-border payments, further contributing to the use of XRP in global finance.
Another very important role is played by strategic partnerships that Ripple makes. Major banks and major payment providers are using Ripple's RLUSD for efficient cross-border transactions. The ecosystem grows, strengthening XRP's position as one of the leading cryptocurrencies for real-world applications.
Long-term prospects for XRP are more marked by whale activity. Large investors continue to accumulate XRP, creating bullish sentiment and driving price movement. Martinez's prediction aligns with these developments, supported by an increase in trading numbers and advanced technical indicators such as the Relative Strength Index (RSI).
A review of XRP's bullish history
Martinez has been vocal about XRP's bullish prospects. In November 2024, as XRP regained $1 for the first time in three years, it was predicted to climb to $2 – a prediction that came true within weeks. Subsequent predictions, such as XRP reaching $4, are also getting closer to fruition as the coin crossed the $3 milestone in December 2024.
XRP is still above $3 despite the ongoing bearish trend. Source:Liquid XRP Index (XRPLX) via Brave New Medal
While his $15 target remains ambitious, Martinez's reliance on technical patterns, along with broader market dynamics, lend credence to his view.
Macro Trends Favor Ripple
In addition to technical analysis, macroeconomic trends support the XRP growth narrative. Blockchain technology continues to gain traction in global finance, and Ripple's leadership in cross-border payments puts XRP at the forefront of this evolution. The coin also benefits from increased competition among blockchain platforms, which drives innovation and adoption.
As Ripple expands its reach and gains institutional interest, the possibility of XRP achieving double-digit prices does not seem far-fetched, especially with Bitcoin's new level of -never on Monday.
Ripple's XRP has entered 2025 with renewed vigor, fueled by favorable technical patterns, legal victories, and institutional adoption. While skeptics question the feasibility of a $15 price target, Martinez's analysis offers a strong case for XRP's growth potential. XRP could turn crypto market capitalization into Ethereum. Whether XRP reaches those heights will depend on the interplay of market sentiment, whale activity, and Ripple's continued expansion in global finance. For now, XRP remains one of the most watched assets in the digital currency market.
Source: https://bravenewcoin.com/insights/xrp-analysts-15-price-prediction-ripple-bigger-than-blackrock