XRP Set for 40% Surge as Bullish Pattern Forms and Regulatory Optimism Grows
XRP, the digital asset powered by the XRP Ledger, is positioning itself for a potential 40% price surge as a “descending triangle” pattern forms in its chart, signaling a possible breakout. After reaching a high near $2.9 in early December, XRP has entered a consolidation phase that is commonly interpreted in technical analysis as a precursor to a significant move.
This “descending triangle” is characterized by a consistent support level and a series of declining highs, suggesting that buyers and sellers are approaching equilibrium. While such patterns often end in a downside breakout, historical data shows that when a breakout occurs to the upside, it tends to yield significant gains—on average 16% to 47%. If XRP manages to break above the descending trendline, it could see a 40% price increase, continuing the strong bullish momentum that began in November.
In addition to the technical factors, XRP’s social sentiment has been on the rise. According to sentiment analysis by Santiment, XRP has seen increased discussion and positive sentiment across social media platforms, surpassing that of Bitcoin (BTC) and Ethereum (ETH). This heightened optimism is helping drive further interest in the asset, following its massive 300% price surge since the U.S. election, outpacing other major cryptocurrencies.
The ongoing rally is also fueled by expectations of favorable regulatory changes under the incoming Trump administration. Ripple Labs, the company behind XRP, stands to benefit from this shift, as it may pave the way for a more crypto-friendly regulatory landscape in the U.S. Ripple CEO Brad Garlinghouse has expressed confidence that the incoming administration will resolve the regulatory limbo that has hindered the company, opening new opportunities for Ripple and other U.S.-based crypto firms.
Ripple has already seen a notable increase in domestic business, with more U.S. deals signed in the last six weeks of 2024 than in the previous six months, showing the tangible effects of the anticipated regulatory changes. Additionally, Ripple President Monica Long has pointed to the possibility of an XRP exchange-traded fund (ETF) launching this year, further fueling the bullish outlook for XRP.
With a favorable technical pattern, growing social media interest, and the potential for a more crypto-friendly regulatory environment, XRP is on track for significant upward momentum. If the price manages to break the upper trendline, the token could experience a 40% rally, continuing its strong performance from late 2024.
