XRP has seen modest buying pressure over the past week, with an analyst suggesting the asset has the potential to reach a record high of $15.
As of press time, XRP’s market cap stood at $156.78 billion, up from $146.17 billion a week ago following an inflow of $10.61 billion. This capital inflow came after a 5.6% weekly gain, pushing XRP’s price to $2.61. In the past 24 hours, however, it dipped 1.16%.
XRP’s current price movement is influenced by several factors. Traders are taking profits after the token outperformed Bitcoin’s (BTC) 5.31% 30-day return, creating short-term bearish pressure.
At the same time, upcoming November token unlocks from Ripple’s escrow, about 1 billion tokens monthly, are fueling caution, as they have the potential to trigger sell-offs.
Additionally, delays on six XRP ETFs by the SEC, partly due to the ongoing government shutdown, have tempered optimism, even as the REX-Osprey ETF has reached $100 million in assets under management.
Despite these challenges, crypto analyst Mikybull Crypto highlighted that XRP may be gearing up for a final expansion phase in its current cycle.
XRP’s path to $15
In an X post on October 24, the analyst noted that technical indicators suggest the asset might target a price range of $7 to $15. The ascending channel visible in the long-term chart indicates that XRP could see significant growth, especially if bullish momentum continues.
Historically, XRP’s price has followed a consistent upward trajectory since 2014, breaking through several key resistance levels.
The most recent phase in 2025 shows steady increases, hinting at a possible continuation toward the $7 to $15 range, particularly if market conditions stabilize and demand for XRP-driven products grows.
Based on market cap calculations, the current $156.78 billion valuation, with a circulating supply of 60 billion XRP, places the price around $2.61.
If XRP were to rise to $15, the market cap would reach approximately $900 billion, marking a massive expansion and placing it among the top contenders in the crypto market alongside Bitcoin and Ethereum.
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