As Bitcoin (BTC) price rallied above $100k for the first time in 2025, Ripple Labs-backed XRP rallied nearly 20 percent in the past seven days to trade at about $2.44 on Tuesday, January 7, during the early European session.
As a result, the large-cap altcoin, with a fully diluted valuation of about $244 billion and a 24-hour average trading volume of around $4.3 billion, has approached a crucial milestone that could either lead to further bullish continuation or a correction.
Midterm Expectations for XRP Price
According to popular trader Peter Brandt, XRP price has been forming a flag pattern, which is likely to end in six weeks. With the buyers having the upper ground, based on the recent bullish breakout, Brandt expects the rising trend to hold in the near term.
“This flag in $XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then a market cap of $500 B is possible,”
Brandt noted.
A similar bullish sentiment has been expressed by crypto analyst Captain Faibik, who noted that a successful XRP bullish breakout from the current flag will likely lead to at least a 50 percent rally toward its all-time high (ATH).
In the weekly time frame, the XRP price against the US dollar, recently broke out of a multi-year consolidation, thus suggesting the ongoing bull rally is in the early stages.
$XRP is on the verge of Bullish Flag Breakout on the Daily timeframe Chart..!!
— Captain Faibik 🐺 (@CryptoFaibik) January 7, 2025
Expecting another +50% Bullish Rally after Successful Breakout.. 📈#Crypto #XRP #XRPUSDT #XRPArmy pic.twitter.com/FuVjhDbdBN
Fundamental Aspects
The ongoing XRP price bull run is majorly backed by the notable XRPL developments in addition to the political change in the United States. The recent launch of RLUSD has seen the stablecoin grow to a market cap of over $72 million and a 24-hour average traded volume of around $24 million.
According to Ripple’s CEO Brad Garlinghouse, Donald Trump’s induced crypto rally is real in 2025 and will continue in the coming months.