XRP’s Long Journey Isn’t Over Yet — Analyst Reveals Next Big Price Target

A well-known XRP analyst, Cobb (@Cobb_XRPL), forecasts a substantial price increase for XRP based on technical analysis and regulatory developments.Cobb’s analysis points to a potential rise to $11.34 by the end of the year, driven by positive regulatory changes and Ripple’s strategic initiatives.Cobb’s recent technical breakdown of XRP’s multi-year chart suggests the digital asset is poised for a significant upward movement. He believes XRP has established a strong foundation for a new rally, predicting substantial growth this year.Factors Driving the Optimistic ForecastCobb’s optimistic outlook comes down to a few key developments. One of the biggest is the changing regulatory landscape in the U.S. Recent moves by regulators like the FDIC suggest a growing openness to integrating cryptocurrency with traditional finance. For instance, the FDIC recently rolled back a rule that required banks to get approval before engaging in crypto-related activities. Now, as long as banks properly manage the risks, they’re free to get involved in the crypto space.This shift marks a significant step forward and aligns with Ripple’s long-standing push for clearer, more supportive regulations in the blockchain and banking sectors. It could open the door for more banks to use XRP and Ripple’s payment solutions, especially for cross-border transfers using On-Demand Liquidity (ODL), without running into as many regulatory roadblocks. Cobb believes this could spark increased institutional interest in using XRP for things like remittances, settlements, and managing liquidity.Pro-Crypto Political Climate: Cobb also highlighted the shift towards a more favourable political environment in the U.S., referencing reported comments by President Donald Trump regarding XRP. This change in political tone adds further support to the long-term bullish narrative.I believe the commission has broad discretion under the Securities Acts to accommodate the crypto industry, and I intend to get that done, Securities and Exchange Commission chair Paul Atkins said in the keynote of an agency roundtable Monday. He called it the key priority for his tenure to develop a “rational regulatory framework” for crypto asset markets that establishes clear rules for the three areas of issuance, custody, and trading.Ripple’s Ecosystem Expansion: Ripple’s ongoing efforts to expand its ecosystem, including advancements in its stablecoin RLUSD and positioning to capitalise on the anticipated growth of on-chain automated market makers (AMMs) and tokenised asset markets, further bolsters Cobb’s analysis. Cobb also drew attention to the rapid increase in XRP’s Total Value Locked (TVL) and the popularity of memes in the community, which demonstrates engagement and excitement for the asset’s future.Strategic Acquisitions: Cobb further mentioned Ripple’s strategic acquisitions, potentially referencing the company’s recent acquisition of Hidden Road, and calling on Circle, the issuer of the USDC stablecoin, to accept Ripple’s new offer.Having been an XRP investor since 2017, Cobb’s confidence stems from years of market observation. He wrote, “It genuinely seems like all the puzzle pieces are coming together for the perfect explosion,” indicating a significant upcoming move for the asset. Cobb described his $11.34 target as conservative, acknowledging the potential for even higher valuations. He emphasised, “XRP didn’t come all the way here just to go sideways.” XRP is trading at $2.52, up 4% in the last 24 hours, with a trading volume of $147 B. The post XRP’s Long Journey Isn’t Over Yet — Analyst Reveals Next Big Price Target appeared first on ETHNews.