His projection, rooted in technical analysis, hinges on the breakout of a symmetrical triangle pattern on XRP’s monthly chart, which he interprets as a strong indicator of bullish momentum.

Ripple’s XRP Eyes Bullish Momentum

Market experts reveal technical insights suggesting XRP’s bullish journey is far from over. Source: Ali_Charts via X

The symmetrical triangle has encapsulated XRP’s price action since its collapse from an all-time high of $3.80 in early 2018. Over the years, the coin endured a lengthy consolidation phase within the structure. A failed breakout attempt occurred in April 2021, with XRP facing stiff resistance near $2. However, the breakout in November 2024, fueled by renewed market optimism, has rekindled hope for XRP bulls.

The XRP price broke a symmetrical triangle, making $15 a potential upside target. Source: Ali_Charts via X

Martinez asserts that the recent breakout could elevate XRP’s value fivefold from its current price, surpassing $15. XRP has already retested a critical resistance level at $3.40, further validating the bullish trajectory.

Market Cap Matters: Ripple Outshines BlackRock

Martinez’s projection has stirred a heated debate about XRP’s market cap implications. Critics, such as crypto trader “Tribal Trader,” question the feasibility of XRP reaching $15, citing the massive market cap required 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 skepticism by pointing out that XRP already boasts a higher market cap than financial powerhouse BlackRock. Ripple’s market cap currently stands at $180 billion, eclipsing BlackRock’s $155 billion, despite the latter managing over $11.6 trillion in assets. Martinez argued, “If market cap were a limiting factor, XRP surpassing BlackRock wouldn’t have been possible.”

Catalysts Behind XRP’s Growth

The reason behind the probable price rise to $15 for XRP is its recent legal win against the U.S. SEC. This Ripple win made a difference by clearing up XRP’s status as a digital asset, clearing all regulatory question marks toward institutional adoption. Financial institutions are increasingly considering Ripple’s blockchain solutions efficient for cross-border payments, further adding to the utility of XRP in global finance.

Another very important role is played by strategic partnerships that Ripple makes. Major banks and leading payment providers are using Ripple’s RLUSD for cross-border transactions efficiently. The ecosystem grows, strengthening XRP’s position as one of the leading cryptocurrencies for real-world applications.

Long-term prospects for XRP are further underscored by Whale activity. Large-scale investors continue accumulating XRP, creating bullish sentiment and driving price momentum. Martinez’s prediction aligns with these developments, supported by rising trading volumes and positive technical indicators like the Relative Strength Index (RSI).

XRP’s Bullish History Revisited

Martinez has been vocal about XRP’s bullish prospects. In November 2024, as XRP reclaimed $1 for the first time in three years, he projected a climb to $2—a prediction that materialized within weeks. Subsequent forecasts, such as XRP reaching $4, are also inching closer to fruition as the coin crossed the $3 milestone in December 2024.

XRP still holds above $3 despite the ongoing bearish momentum. Source:XRP Liquid Index (XRPLX) via Brave New Coin

While his $15 target remains ambitious, Martinez’s reliance on technical patterns, coupled with broader market dynamics, lends credibility to his outlook.

Macro Trends Favor Ripple

Beyond technical analysis, macroeconomic trends support XRP’s growth narrative. Blockchain technology continues to gain traction in global finance, and Ripple’s dominance in cross-border payments places 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 garners institutional interest, the possibility of XRP achieving double-digit prices no longer seems far-fetched, especially with Bitcoin’s new all time high 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 compelling case for XRP’s growth potential. It is even possible that XRP could flip Ethereum’s market cap. Whether XRP reaches such heights depends 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 cryptocurrency market.