RippleXRP Price Not Done Yet, Raoul Pal Suggests Another...

XRP Price Not Done Yet, Raoul Pal Suggests Another Move Up

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  • If XRP can break through the $2.60 barrier and hold, it might see gains up to $5.5 higher.
  • Analysts are concerned that once $2.30 is lost, the price could tumble as low as $1.60.

Macro investor Raoul Pal considers it likely that the solidifying phase for XRP will come to an end soon. The seasoned trader noticed a bullish pattern called a flag on the weekly chart that reflects a good signal for further bullish activity. During the last Rekt Vision podcast, Pal said although he doesn’t own XRP, its overall makeup suggests another large gain in the future.

Following U.S. President Donald Trump’s victory in November 2024, XRP rallied from a low of $0.5 to near its highest level in seven years, marking the start of the bull flag. The price hike of 580% led to the formation of a flagpole. Beginning in mid-January 2025, the token’s trading price fell under $2.6, which formed the “consolidation flag” section.

Pal anticipates that the price could move past the current levels and continue rising. He did not state a price target, yet bull flag behavior usually means the move will be about as long as the flagpole’s height. According to the chart, a breakout would put the target price at $5.5, a 138% increase from XRP’s current price.

XRP 1W Chart Raoul Pal
Source: Youtube

Key Support at $2.30 Under Pressure as Liquidity Drops

Egrag, an analyst from Crypto, pointed out that the $2.30 level is key due to it representing the neckline of a head-and-shoulders pattern. If the price drops below this level, the bull flag becomes invalid and the chart could signal a fall down to $2.15 and even as low as $1.60. A short-term drop of 2.97% and uncertainty in derivatives are putting extra weight on the support.

 

In the past week, open interest in XRP futures fell by 18% to $4.49 billion. A fall in open interest often means that traders are interested in the market less, leading to reduced market strength. During the past 24 hours, there were $12 million in long liquidations but only $1.4 million in shorts.

Source: CoinGlass

Despite this, XRP’s trading volume has gone up by 88%, reaching $4.25 billion. As of this writing, XRP has a market capitalization of $136.51 billion, making it one of the top digital assets.

Ripple Expands in UAE With Zand Bank and Mamo Integration

While market attention focuses on XRP’s technical outlook, Ripple continues its global expansion. Following regulation from the Dubai Financial Services Authority last March, the company reached its first customers with Zand Bank and Mamo from the United Arab Emirates.

Ripple Payments has received a license from Dubai to operate as a digital asset provider in the financial sector. With Ripple, low-cost, swift payments can be made across countries, and users also benefit from integrated XRP and RLUSD, Ripple’s US dollar-based stablecoin. RLUSD, released by Standard Custody & Trust Company, now has a supply of $312.99 million and is meant to make liquidity transfer compliant for institutions.

Zand Bank will be able to increase its digital asset options as a result of the arrangement, while Mamo aims to enhance the efficiency and openness of cross-border payment processing for all users. Ripple can now handle payments to more than 90 countries and manages over $70 billion in total transactions, reinforcing its involvement in international finance.


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