XRP Price Prediction: Multiple analysts are optimistic about its RWA adoption potential, expecting a breakthrough.

Despite significant fluctuations in the price of Ripple (XRP) over the past seven days, community sentiment has become increasingly optimistic. Notably, several top crypto assets analysts have made a series of bold predictions regarding Ripple. Meanwhile, an important real-world asset (RWA) tokenization project promises to enhance the demand and utility of Ripple globally by tokenizing $200 million worth of assets on the XRP Ledger.

Is the bullish expectation for Ripple (XRP) not enough? Crypto assets analyst CrediBULL delivered a bold message to the XRP community: the market is still underestimating the bullish signals of this altcoin. In a post on the social media platform X, he pointed out that XRP is currently in its eighth month of consolidation above its previous monthly all-time closing high, a record that few assets in the market can rival.

He pointed out that this continued sideways movement, especially after a strong breakout above the $0.50 mark at the end of 2024, indicates that XRP is preparing for a continuation of the breakout. Notably, its monthly K-line chart shows a set of tightly grouped monthly K-lines hovering above the $2.00 range. According to CrediBULL, this structure is one of the clearest structures in the crypto assets field, second only to Bitcoin.

(Source: X)

Another key driver of the current bullish sentiment is an analyst known as "Ripple Pundit," who predicts that once Ripple announces the acquisition of a banking license, the price of XRP will soar by 35,000%. In a post on social media, he forecasted that regulatory approval and the final resolution of XRP's regulatory issues with the U.S. Securities and Exchange Commission (SEC) could trigger a significant increase in the price of XRP.

Similarly, market commentator SMQKE also focused on the explosive rise in XRP prices at the end of 2017 and the beginning of 2018. During this period, Ripple co-founder Chris Larsen saw XRP rise quickly from $0.00065 to $2.5, at one point becoming one of the richest people in the world. SMQKE pointed out that the last cycle was just the tip of the iceberg for future trends. The next wave of applications will be global, fully regulated, and aimed at scalability. In his words, "2018 was just a warm-up."

Technical analyst Ali Martinez pointed out that $2.38 is the next major resistance level, further enhancing the credibility of the bullish outlook. This view is based on Glassnode's UTXO actual price distribution (URPD) on-chain data, which shows that a large volume of XRP transactions is concentrated at this price level. If XRP can break through this area with strong trading volume, it not only breaks through a strong resistance level but also triggers a wave of buying interest and a strong rebound.

(Source: X)

Mercado Bitcoin reaches an agreement on XRP tokenization The underlying utility of XRP is gaining increasing attention beyond price charts and predictions. Mercado Bitcoin, one of the largest digital asset platforms in Latin America, recently announced plans to tokenize over $200 million worth of real-world assets (including fixed income and equity instruments) directly on the XRP Ledger.

This initiative supports the bullish sentiment regarding XRP's price movement. According to Gate's market data, as of the time of writing this article, the trading price of XRP is $2.265, having increased by 2.15% in the past 24 hours.

(Source: NewsBTC)