XRP (XRP) could enter a more rapid repricing phase sooner than anticipated, as stated by analyst Chad Steingraber, who forecasted that the price may soar “from $2 to $10” within a year.
Highlights:
XRP ETFs accumulated over 506 million XRP in just one month, reinforcing a $10 price prediction.
Two significant chart patterns indicate potential upside targets between $14 and $15.
ETF Demand Supports 400% XRP Rally by 2026
Steingraber’s prediction came after notable early interest in the newly launched XRP exchange-traded funds (ETFs) introduced in November.
These investment vehicles have absorbed over $944 million worth of XRP since their debut on Nov. 13, according to data from SoSoValue. As a result, ETFs now control approximately 0.74% of all XRP in circulation, an impressive figure for funds that are under a month old.
The analyst also highlighted XRP’s significance within the newly established Bitwise Crypto 10 Fund ETF (BITW). The fund launched on Tuesday with over $1.25 billion in assets, with XRP making up 5% of its portfolio.
“Based on estimates (since Bitwise hasn’t released exact figures yet), the Bitwise Index 10 possesses around 30,718,290 XRP as of today,” commented Steingraber in a Wednesday post on X, adding:
“This brings the total to 506,067,267 XRP incorporated into AUM since the funds’ launch. We’re not even a month in yet.”
Considering Bitcoin (BTC) doubled in value within two years following its US ETF launch, Steingraber reasoned that XRP has the potential to catch up. The token could surge to the $10 threshold by 2026, reflecting a 400% increase, if ETF inflows continue to rise.
Technical Setups Indicate XRP Prices Above $10
Technically, XRP’s charts align with Steingraber’s bullish outlook.
On the two-week chart, the token has entered a breakout phase of its multimonth symmetrical triangle, a formation that often arises after extended consolidation phases and typically suggests a strong trend continuation.
The breakout above the triangle’s upper trendline indicates that buyers are gaining control, with the structure’s measured move targeting $14-$15 in the coming months.
Related: XRP bull sentiment grows: What could trigger the breakout toward $2.65?
A second pattern reinforced the same target range. On higher time frames, XRP seems to have formed a bull flag, a classic continuation pattern that follows a strong initial rally, succeeded by a downward-sloping consolidation channel.
The projected move of this structure also suggests the $14-$15 region, aligning with the triangle’s target, if XRP confirms a breakout above the flag’s resistance.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
