According to Cointelegraph, XRP may experience a quicker-than-anticipated repricing phase, as analyst Chad Steingraber forecasts the cryptocurrency's price could surge from $2 to $10 within a year. This prediction comes in the wake of significant interest in newly launched XRP exchange-traded funds (ETFs) in November. These ETFs have absorbed over 506 million XRP in a month, bolstering the outlook for a $10 price target. Steingraber highlights two major chart patterns that suggest upside targets of $14–$15, further supporting the case for a potential 400% rally by 2026.
The strong early interest in XRP ETFs is evident, with these investment products accumulating more than $944 million worth of XRP since their launch on November 13, as per data from SoSoValue. This means that ETFs now hold approximately 0.74% of all XRP in circulation, a notable achievement for funds that are less than a month old. Additionally, XRP plays a significant role in the newly launched Bitwise Crypto 10 Fund ETF (BITW), which opened with over $1.25 billion in assets, with XRP comprising 5% of its portfolio. Steingraber estimates that the Bitwise Index 10 holds around 30,718,290 XRP, contributing to the total of 506,067,267 XRP taken into assets under management since the funds' inception.
Steingraber draws parallels with Bitcoin's performance, noting that Bitcoin doubled within two years of its US ETF debut. He argues that XRP has the potential to follow a similar trajectory, potentially reaching the $10 mark by 2026 if ETF inflows continue to grow. From a technical standpoint, XRP's charts align with Steingraber's optimistic outlook. On the two-week chart, XRP has entered the breakout phase of a multimonth symmetrical triangle, a pattern that typically follows prolonged consolidation and often precedes a strong trend continuation. The breakout above the triangle's upper trendline indicates that buyers are regaining control, with the structure's measured move pointing toward $14-$15 in the coming months.
A second technical setup reinforces the same target range. On higher time frames, XRP appears to have formed a bull flag, a classic continuation pattern that emerges after a strong initial rally, followed by a downward-sloping consolidation channel. The projected move from this structure also points toward the $14-$15 region, aligning with the triangle's target, if XRP confirms a breakout above the flag resistance. This article does not offer investment advice or recommendations. Every investment and trading decision involves risk, and readers are encouraged to conduct their own research before making any decisions.
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