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

▲ XRP/AI-generated image

As XRP maintains a long-term bullish structure, analyses suggest a potential rally to $17, challenging Ethereum's market cap status.

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 (Ethereum, ETH) by 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, suggesting XRP could rise to $17, and at that price, XRP's market cap could exceed $1 trillion.

The Crypto Basic reported that XRP is holding its major support levels even amid volatile market conditions. For XRP to rise from $1.46 to $17, it would require an increase of approximately 1,064%, and at $17 based on its current valuation, its market cap would be about $1.05 trillion. The outlet explained that this movement would require sustained buying pressure, massive capital inflows, and a strong cryptocurrency bull market to support 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-largest cryptocurrency position after Bitcoin (Bitcoin, BTC).

Kucuker's analysis comes amid growing expectations among XRP investors for a sustained long-term bullish pattern. The chart he shared suggests that XRP is maintaining above a key uptrend line and is likely to first target the $3 resistance level before moving into double-digit price ranges. Some traders believe that improved regulatory clarity in the U.S. 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 about 757%. The Crypto Basic reported that XRP recently touched $1.55 in a single day, but momentum has since weakened, indicating strong resistance at higher price levels.

*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.*