Analyst Reveals What Will Trigger The Largest XRP Price Rally In History

Source Bitcoinist

Excitement is growing in the crypto community as analysts predict an explosive move for the XRP price in the coming weeks. With signs of progress emerging from the US regarding the government shutdown, analysts are closely watching to see if political developments could be the spark that elevates XRP from its recent downturn and pushes it to new price levels. 

US Government Reopening To Trigger XRP Price Rally

Levi Rietveld, a well-known crypto analyst on X social media, stated in a post on November 8 that he expects the largest XRP rally in history to occur once the US government shutdown comes to an end. His prediction has garnered significant attention and triggered discussions across the crypto community, as XRP investors start to connect the impact of political stability with digital asset performance.

Market analyst, Steph Crypto, also shares the same view. In an X post on November 9, he pointed out that US President Donald Trump has been urging both the Democratic and Republican parties to reach a deal to end the shutdown. The analyst forecasts that once the government reopens, XRP and other cryptocurrencies are likely to experience a significant breakout. 

Steph is Crypto also reminded XRP holders and community members that when the last government shutdown ended in 2019, the XRP price rose by more than 70%. He further hinted that history could repeat itself in this bull cycle under similar political conditions. 

New reports show that several Senate Democrats have joined Republicans to move forward with a bipartisan plan to open the government after 40 days of closure. This is the first real progress seen in weeks, signaling a potential end to the prolonged stalemate. However, the proposal still needs to pass the House before any official reopening can occur.

For now, traders remain on edge, closely watching how developments in Washington will play out. The uncertainty surrounding the shutdown has already begun weighing down on the crypto market, with investors bracing for volatility across XRP, Bitcoin, and other cryptocurrencies. The longer the government shutdown lasts, the more pressure could build on risk assets. 

XRP Targets $10 On Bull Flag Formation

On the technical side, crypto analyst Ali Martinez has noted that the XRP price could be gearing up for a parabolic surge to uncharted territories soon. He shared a detailed chart that shows the cryptocurrency forming a potential Bull Flag pattern on the monthly timeframe.

Martinez explained that if this pattern plays out completely, XRP could initially decline by about 22.45% to $1.90 before starting a major rally all the way up to $10. Currently, the cryptocurrency is trading at $2.45, meaning a surge to this double-digit level would represent a significant 308% increase. The analyst’s chart shows a clear resistance near $3.5, which, if broken, could open the door for the XRP price’s projected explosive move upward. 

XRP price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
USD/JPY steadies near 154.00 due to uncertainty over BoJ rate hike pathUSD/JPY holds gains near an eight-month high of 154.49, which was recorded on November 4, trading around 153.90 during the Asian hours on Monday. The pair appreciates as the Japanese Yen (JPY) struggles amid the uncertain Bank of Japan (BoJ) policy outlook.
Author  FXStreet
12 hours ago
USD/JPY holds gains near an eight-month high of 154.49, which was recorded on November 4, trading around 153.90 during the Asian hours on Monday. The pair appreciates as the Japanese Yen (JPY) struggles amid the uncertain Bank of Japan (BoJ) policy outlook.
placeholder
Australian Dollar receives support following cautious remarks from RBA HauserAustralian Dollar (AUD) advances against the US Dollar (USD) on Monday, extending its gains for the second successive session.
Author  FXStreet
14 hours ago
Australian Dollar (AUD) advances against the US Dollar (USD) on Monday, extending its gains for the second successive session.
placeholder
USD/CAD Price Forecast: Eyes fresh six-month highs near 1.4150 within overbought zoneThe technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
Author  FXStreet
Nov 07, Fri
The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
placeholder
Dow Jones futures gain amid easing US-China tensions, Michigan Consumer Sentiment awaitedDow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
Author  FXStreet
Nov 07, Fri
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
placeholder
Gold draws support from safe-haven flows and Fed rate cut betsGold catches fresh bids on the last day of the week amid reviving safe-haven demand.
Author  FXStreet
Nov 07, Fri
Gold catches fresh bids on the last day of the week amid reviving safe-haven demand.
goTop
quote