- Peter Brandt predicts that the market capitalization of XRP could reach $500 billion.
- Selling pressure on the stock markets remained weak, signaling the expectation of a rally.
Veteran price chart analyst and trader Peter Brandt predicted that Ripple (XRP) market capitalization could explode to $500 billion, resulting in potential growth of 262%.
The token’s value suggests a potential upside to $8.7 based on the current price of $2.4. Brandt’s prediction was based on a bull flag pattern. He said,
“Flags at half-mast should be completed within six weeks, otherwise they should be viewed with great suspicion. But if this happens, then a market capitalization of $500 billion is possible.
Source:
For those unfamiliar, the flag pattern always corresponds to a rally similar to the length of the flagpole. This target would be $500 billion in market capitalization.
Users hold their XRP tokens
Most XRP holders seem strongly convinced of a further rally, based on the low selling pressure on centralized exchanges.
According to CryptoQuant, exchange inflows, which track the amount of XRP sent to exchanges for sale, have remained stable since November’s massive rally.
Source: CryptoQuant
This suggests that more users have chosen to hold onto their tokens rather than sell them, which could be positive for the altcoin in the near term.
AMBCrypto checked the major exchanges with the highest reserves to understand the extent of selling pressure in the XRP markets. Korea-based Upbit held the largest reserves with 6 billion XRP tokens, followed by Binance with 2.9 billion tokens.
Interestingly, XRP reserves on Upbit fell to 6 billion tokens, their lowest level in seven months, indicating that users withdrew their tokens from the exchange for their own safekeeping. This implies that they expect a potential rise in altcoin prices in the medium term.
Source: XRP reserve on Upbit, CryptoQuant
The third-largest digital asset by market capitalization could spark a surprise rally. In fact, if Brandt’s projection of a $500 billion market cap comes to fruition, XRP could return Ethereum (ETH).
Some main catalysts could be the expectations of the XRP ETF and the next phase of the altcoin season in 2025.
Read Ripple (XRP) Price Prediction 2025-2026
XRP’s immediate upside target could be $3.4, representing a potential gain of 52% if the altcoin breaks out of its triangle pattern.
Conversely, a bearish breakout would invalidate this outlook and drive the price towards $1.1.
Source: XRP/USDT, TradingView
