According to Cointelegraph, XRP may experience a faster-than-expected phase of revaluation, as analyst Chad Steingraber predicts that the cryptocurrency's price could rise from $2 to $10 within a year. This forecast emerged against the backdrop of significant interest in newly launched XRP exchange-traded funds (ETFs) in November. These ETFs absorbed over 506 million XRP in a month, bolstering the prospect of a target price of $10. Steingraber highlights two key patterns on the charts that indicate target growth levels from $14 to $15, also supporting the possibility of potential growth of 400% by 2026.
Strong early interest in the XRP ETF is evident, as these investment products have accumulated more than $944 million worth of XRP since their launch on November 13, according to SoSoValue data. This means that the ETF now holds approximately 0.74% of all XRP in circulation, which is a significant achievement for funds that are less than a month old. Furthermore, XRP plays a significant role in the recently launched Bitwise Crypto 10 Fund (BITW), which opened with assets of over $1.25 billion, with XRP making up 5% of its portfolio. Steingraber estimates that the Bitwise Index 10 holds about 30,718,290 XRP, contributing to a total volume of 506,067,267 XRP under management since the funds' inception.
Steingraber draws parallels with Bitcoin's performance, noting that Bitcoin doubled in value over two years since its debut on the American ETF. He claims that XRP has the potential to follow a similar trajectory, potentially reaching the $10 mark by 2026 if ETF inflows continue to grow. From a technical perspective, XRP charts align with Steingraber's optimistic forecast. On the two-week chart, XRP has entered a breakout phase of a multi-month symmetrical triangle, a pattern that typically follows a prolonged consolidation and often precedes a strong continuation of the trend. A breakout above the upper trendline of the triangle indicates that buyers are regaining control, with measured movement from the structure indicating $14-$15 in the coming months.
The second technical setup reinforces the same target area. On higher time frames, XRP appears to have formed a bullish flag, a classic continuation pattern that emerges after a strong initial wave, followed by a downward-sloping consolidation channel. The projected movement from this structure also points to the $14-$15 region, which aligns with the triangle's target if XRP confirms a breakout above the flag's resistance. This article does not offer investment advice or recommendations. Every investment and trading decision involves risk, and readers are encouraged to conduct their own research before making any decisions.
