XRP’s price trajectory remains a focal point for investors as analyst Zach Humphries explores the possibility of substantial gains in February.
He proposes that a possible price increase of 50-60% could elevate XRP to the $5 level influenced by various important factors. These factors include regulatory changes, XRP ETF speculation, and positive technical trends. Moreover, wider trends in the crypto market and Bitcoin’s performance could impact XRP’s price movement.
Analyst Zach Humphries highlights that macroeconomic elements and regulatory changes are significantly influencing XRP’s price fluctuations.
Federal Reserve Chair Jerome Powell’s latest remarks had a neutral impact on interest rates, a situation that the market interpreted favorably. At the same time, rumors regarding an XRP ETF and potential shifts in SEC leadership are creating a sense of optimism.
It is anticipated that the crypto business will benefit more under a new SEC leadership led by Paul Atkins. This might result in important developments about the case against Ripple and the possible approval of an XRP ETF. According to JP Morgan analysts, an XRP ETF might draw $8 billion in inflows, which would significantly raise the asset’s value.
What you'll learn 👉
XRP Price Forecast
According to Humphries, for XRP to reach $5, the price would need to rise by roughly 60%. This move would bring its market cap to around $288 billion. If bullish momentum continues, a 50-60% price pump within February could be achievable.
Market performance in January showed XRP outperforming Bitcoin and Ethereum, reinforcing its momentum. A potential trickle-down effect from Bitcoin’s gains could further benefit XRP and support its price growth.
XRP Technical Indicators and Bullish Patterns
Zach Humphries points to technical analysis, suggesting that XRP is primed for a strong upward move. A bullish pennant pattern has formed on the daily chart, characterized by a long vertical line and a symmetrical triangle, which historically signals a breakout. If Bitcoin reaches new all-time highs, XRP could follow suit, further driving its price upward.
Beyond February, Humphries and other analysts suggest that XRP could reach $10 to $12 in the broader bull cycle. A combination of SEC-related developments, institutional interest, and market sentiment could drive sustained gains.
While a $5 XRP in February remains speculative, factors such as regulatory clarity, ETF approval, and Bitcoin’s performance will likely determine its trajectory.
Read also: TRUMP Meme Coin Could Be Ready for Another Rally as Key Indicator Turns Bullish
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
