The SuperTrend indicator for XRP price has given a buy signal, a signal which has been followed by large up moves historically.
Some of the analysts have referred to an earlier instance in November 2024 The same indicator caused a 470 percent rise in the price of XRP.
Market analyst Ali Martinez concurred with the assessment and pointed to the possibility of another bull run.
XRP started 2025 with a bullish trend and in the first week and a half, it appreciated by 17.70%.
The token finished 2024 with a 237% annual gain, which placed it as the third best performing year in its history.
According to experts, XRP may be prepared for further price growth following the previous trajectory.
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XRP Price Movement and Recent Trends
In November 2024, the SuperTrend indicator shifted the trend to the upside on the 12-hour chart of XRP. At the time of writing, XRP price was trading at $0.5028, restraining at breakout points.
As indicated by the buy signal for the indicator, the token gained a strong momentum.
XRP faced several technical barriers during the month. The first one at $1 on November 16 and the second one at $1.63 on November 23.
The rally reached its high of $2.9 on December 3, and then the broader market consolidation pulled back.
With the market losing strength the SuperTrend indicator changed to a sell signal in late December. XRP price has since then ranged between $2 and $2.5.
The SuperTrend indicator has changed its status to bullish once again, which has encouraged the bulls to eye a break out.
Prior to the surge that saw XRP climb from $0.5028 in November 2024, a similar pattern was observable.
If this pattern continues, analysts believe that there could be a 470% surge in price that could take XRP to $13.85.
Achieving this target would place XRP’s market capitalization at around $796 billion, a position that would see the digital asset overtake Ethereum, which has a market capitalization of $443 billion.
Market analyst Peter Brandt in his recent analysis predicted that the market capitalization of the XRP will reach $502 billion. This corresponds to the price of $8.74.
Other analysts who have offered their views include CasiTrades and EGRAG, and they have given price targets of between $6.4 and $13.
In particular, EGRAG Crypto analysts noted that the current formation of XRP within the Bullish Pennant corresponds to historical trends that indicate an increase in prices.
EGRAG further estimates that confirmation of the larger Bullish Pennant could finally take XRP price to the $13-$15 zone from the breakout from the ascending triangle range bound at $3.7-$4.2.
Furthermore, they explain that historical deviations of 10-15% usually lead to XRP surpassing its preliminary objectives.
XRP Current Performance and Market Outlook
At press time, XRP price is changing hands at $2.42. It is 1.15% higher than the price of the coin a day ago.
Market capitalization is at $138.93 billion and the 24-hour trading volume is at $4.54 billion, a 22.32% rise.
The circulating supply of XRP is 57.44 billion and it is close to its total supply of 99.98 billion.
While predictions of a 470% rally remain speculative, XRP price movements suggest renewed bullish momentum.
The broader crypto market has also shown signs of recovery, which could support XRP’s upward trajectory in the coming weeks.
