- Peter Brandt predicted that XRP’s market capitalization could soar to $500 billion.
- Selling pressure on exchanges remains low, signaling expectations of a rebound.
Veteran price chart analyst and trader Peter Brandt predicted: Ripple (XRP) Its market capitalization could explode to $500 billion, potentially growing 262%.
This suggests that the value of the token has the potential to rise to $8.7 based on the current price of $2.4. Brandt’s prediction was based on a bullish flag pattern. that said,
“The half-mast flag should be completed within six weeks. Otherwise, it should be viewed with great suspicion. However, if completed, a market capitalization of $500 billion is possible,” he said.
Source: X
For those unfamiliar, a flag pattern breakout always coincides with a rally similar to the length of the flagpole. The target would be a market capitalization of $500 billion.
Users hold XRP tokens.
Most XRP holders appear strongly confident of further upside based on low selling pressure on centralized exchanges.
Exchange inflows, which tracks the amount of XRP sent to exchanges for sale, have remained stagnant since the massive rally in November, according to CryptoQuant.
Source: CryptoQuant
This means that more users are choosing to hold their tokens rather than sell them, which could be positive for altcoins in the short term.
AMBCrypto identified the top exchanges with the highest reserves to understand the extent of selling pressure in the XRP market. Korea-based Upbit had the largest holdings with 6 billion XRP tokens, followed by Binance with 2.9 billion tokens.
Interestingly, Upbit’s XRP holdings fell to 6 billion tokens, the lowest in seven months. This indicates that the user has withdrawn tokens from the exchange for self-storage. This means that they expect a potential price increase for altcoins in the medium term.
Source: Upbit, CryptoQuant’s XRP holdings
The third-largest digital asset by market capitalization could spark a surprise rebound. In fact, if Brandt’s prediction of a market capitalization of $500 billion comes true, XRP will Flip Ethereum (ETH).
Some key catalysts could be XRP ETF expectations and the next steps in the 2025 altcoin season.
read Ripple (XRP) Price Prediction From 2025 to 2026
An immediate bullish target for XRP could be $3.4, which represents a potential gain of 52% if the altcoin breaks above the triangle pattern.
Conversely, a bearish breakout would nullify this outlook and push the price towards $1.1.
Source: XRP/USDT, TradingView