Crypto Bitlord has once again drawn attention within the XRP community by predicting a potential surge of the token to $12. His comments have gained relevance amid an improving market backdrop.
Technical Signals for Growth
Currently, XRP is trading around $2.45, having regained key support in the $2.30 range. Technical analysts highlight the formation of a symmetrical triangle on the weekly chart, reminiscent of XRP's setup before its legendary 2017 rally. A confirmed breakout from this pattern could potentially elevate prices to $3.60-$5.00 in the short term. Higher levels such as $8.00-$12.00 may become achievable if momentum accelerates.
Whale Accumulation
On-chain data further reinforces the bullish narrative. The number of whale wallets holding over 10,000 XRP has seen a significant increase, with several high-value transactions recorded in recent days. Notably, one large holder recently acquired $9 million worth of XRP at $2.44, transferring the assets to cold storage. Such accumulation often precedes major price movements and is interpreted as a signal of confidence in XRP.
Regulatory Changes and Institutional Support
The most significant drivers behind XRP's recent momentum may be unfolding on the regulatory front. Recently, Judge Analisa Torres rejected a proposed joint settlement between Ripple and the U.S. Securities and Exchange Commission (SEC). Although this briefly reopened uncertainty, Ripple CEO Brad Garlinghouse quickly announced that the company would drop its counter-appeal, signaling a desire to move forward and conclude the multi-year legal battle. The SEC is widely expected to follow suit by dropping its appeal, resulting in Ripple gaining full regulatory clarity in the U.S.
Crypto Bitlord's statement may sound audacious, but it reflects a growing sentiment in the market. XRP is evolving beyond being viewed solely as a speculative asset; it's maturing into a globally integrated financial instrument. With bullish technicals, heavy whale accumulation, and a significantly improved regulatory environment, XRP appears poised for a major move.
