XRP Still Has a 5x Left: Here’s His Target Before the Bull Run Ends
In a recent episode of the Paul Barron Network podcast, host Paul Barron welcomed Tim Warren, a market analyst from the Investing Broz channel, to discuss the current state of various altcoins, including XRP.
As Bitcoin continued to test new highs, recently surpassing the $111,000 mark, the industry experts discussed what this milestone could mean for altcoins moving in tandem, with XRP dominating the talks during the latter half of the discussion.
When Barron turned to XRP, he asked Warren if he was actively trading the token or just holding it for the long haul.
XRP Still Has Another 5x Left in It Toward $11 Target
In response, Warren confirmed that he is holding long-term. He called attention to past appearances on Barron’s show, noting how he had previously encouraged viewers not to lose faith in XRP during its lackluster performance last summer.
At that time, he had predicted a surge, and now, despite months of sideways movement since January, the asset was once again approaching key resistance levels. Notably, data from his chart shows XRP is looking to break out of a bull flag in the daily timeframe.Warren pointed out that XRP had recently broken through a former lower high around the $2.55 mark but had since dipped back below it. Still, he maintained a bullish outlook, citing several technical indicators that suggested a pullback was likely before another upward move. He predicted that XRP might fall to around $2.20, but once it regained momentum and pushed past key resistance, he believes the token can rally to a minimum of $5.
Speaking further, Warren revealed his broader projection: a potential price point of $11 to $12 for XRP before the current bull market ends. Analysts like Ali Martinez have also projected a run to $11 for XRP.
Warren acknowledged that such a target would not equate to the 10x gains that other smaller-cap tokens could witness. However, he stressed that a four to fivefold return is still impressive, especially considering XRP’s already strong performance. Notably, the asset is already up 380% since November 2024.
Could Ripple’s Acquisition of Circle be Beneficial for XRP?
Notably, before the XRP analysis, Barron brought up Ripple’s reported interest in acquiring Circle, the issuer of the stablecoin USDC. He referenced a report that included comments from Gabriel Shapiro, founder of MetaLeX Labs, who warned that such a deal could be damaging to the broader crypto ecosystem.
According to Barron, some critics from the Bitcoin community view the potential acquisition, which could come with an $11 billion price tag, as a move that might make Ripple the largest asset issuer across all blockchains. He said this raised questions about market competitiveness and regulatory pushback.
Barron asked Warren if this acquisition could trigger a rally for XRP, or if Ripple potentially offloading XRP to fund the deal could cause the token to crash.
Responding to this, Warren noted that he was not sure how Ripple would even finance such a large acquisition. According to him, if it meant liquidating XRP holdings, that could result in short-term bearish pressure.
However, he dismissed long-standing fears that Ripple would dump its tokens on retail investors. Interestingly, he once supported this narrative but has since reconsidered it.
Having had conversations with industry veterans, Warren now believes that Ripple will benefit better with XRP performing well. He concluded that even if some view the acquisition as bearish, he personally leaned toward it being a bullish development for the token.