XRP, Beyond $8 to a Final $17?... 'Eyeing' Ethereum's Spot

▲ XRP/AI-generated image

Amidst XRP maintaining its long-term bullish structure, analyses predicting a rally to $17 and challenging Ethereum's market cap status have emerged.

According to The Crypto Basic on May 15 (local time), financial analyst Celal Kucuker recently posted on X (formerly Twitter), evaluating XRP's chart structure as “very strong” and suggesting the possibility of a major breakout. Kucuker stated that if the XRP rally unfolds as expected, it could compete with Ethereum (ETH) in terms of market capitalization.

Kucuker told his followers to save the post and check back later, saying, “Time will make everything clear.” He presented a double-digit forecast that XRP could rise to $17, and if it reaches that price, XRP's market cap could exceed $1 trillion.

The Crypto Basic reported that XRP is holding key support levels even amidst market volatility. For XRP to rise from $1.46 to $17, it would need to increase by approximately 1,064%, and at its current valuation, reaching $17 would result in a market cap of approximately $1.05 trillion. The outlet explained that such a move would require a strong crypto bull market to sustain continuous buying pressure, large capital inflows, and trillion-dollar valuations for multiple digital assets.

If XRP reaches $17, its market cap would significantly surpass Ethereum's current level of $271 billion. The Crypto Basic stated that even if Ethereum sees further gains in this cycle, if XRP reaches a trillion-dollar market cap, it could directly compete with Ethereum for the second-place cryptocurrency spot, following Bitcoin (BTC).

Kucuker's analysis comes amidst growing expectations among XRP investors for a sustained long-term bullish pattern. The chart he shared suggests that XRP is maintaining above a major uptrend line, with a potential move towards the $3 resistance level first, followed by a shift into double-digit prices. Some traders believe that improved regulatory clarity in the US and increased institutional interest could strengthen XRP's long-term outlook.

In previous analyses, Kucuker also claimed that XRP could rise to between $8 and $12 by April 2027. This forecast was based on long-term chart structures and past price movements. His chart outlined a path where XRP first moves towards $6.70, and if the bullish momentum continues, it could surpass $12. If XRP reaches $8, the increase would be approximately 471%, and if it reaches $12, it would be approximately 757%. The Crypto Basic reported that XRP recently touched $1.55 within a day, but momentum subsequently weakened, indicating strong resistance at higher price points.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*