XRP is starting the year on a high note, with a $135.3 billion market cap and $7.47 billion in daily trading volume.
Legendary trader Peter Brandt predicts that XRP could hit a $500 billion market cap if a key technical pattern plays out. Could 2025 be the year XRP reaches its full potential?
At the same time, PlutoChain ($PLUTO), a potential game-changing Layer-2 solution for Bitcoin, is gaining traction.
Here’s a closer look at the technical data and key factors behind these predictions.
Can XRP’s Market Cap Reach $500 Billion? Insights and Predictions
XRP is currently trading at about $2.35, up 3.2% in the last 24 hours.
Its market cap sits at roughly $135.3 billion, with a solid $7.47 billion in daily trading volume.
Out of the total 100 billion tokens, 57.45 billion are already in circulation.
XRP reached its all-time high of $3.40 on January 7, 2018, and right now it is about 32.6% below that peak.
A significant resistance barrier is near $2.40, while support levels are close to $2.12 and $2.05, with a critical support zone around $2.00.
The RSI is currently at 50, which puts XRP in the neutral zone.
Peter Brandt, a well-known trader, believes XRP could hit a $500 billion market cap if it breaks out from its current technical setup.
He points to a “half-mast flag” pattern, which signals potential for a major rally. However, Brandt stresses that time is running out for this breakout to happen.
At $2.35, XRP’s market cap sits around $135.3 billion. Reaching $500 billion would push its price to approximately $8.70, a massive leap from today’s value.
This prediction comes on the back of a strong rally, with XRP gaining 368% since November 2024.
Recent events are contributing to optimism. The incoming U.S. administration, led by President-elect Donald Trump, is expected to adopt a crypto-friendly approach.
This has raised hopes for reduced regulatory pressure and the appointment of pro-crypto officials.
Ripple’s recent launch of the RLUSD stablecoin on the XRP Ledger and Ethereum is another important factor.
The RLUSD, pegged to the U.S. dollar, is expected to drive demand for XRP, as transaction fees on the XRPL are burned during transfers.
PlutoChain ($PLUTO) Could Solve Bitcoin’s Transaction Woes with Layer-2 Technology
Bitcoin has long faced challenges like slow transactions, high fees, and network congestion. These issues have restricted its usability and frustrated users.
PlutoChain ($PLUTO) introduces a Layer-2 solution that could address these problems directly. Its hybrid design could build a secondary network on top of Bitcoin’s blockchain, and offer faster transactions, lower fees, and greater scalability.
This parallel network could lighten the load on Bitcoin’s main chain and create a smoother, more efficient system.
With a block time of just 2 seconds compared to Bitcoin’s 10-minute interval, PlutoChain could transform Bitcoin into a high-speed platform.
The addition of smart contract functionality could allow for new use cases, which would potentially make Bitcoin more than just a store of value.
One standout feature is PlutoChain’s Ethereum Virtual Machine (EVM) compatibility, which could allow developers to bring projects from Ethereum into Bitcoin’s ecosystem.
This could make way for exciting developments in DeFi, NFTs, and AI-powered applications.
The testnet has already handled 43,200 transactions daily without delays, which proves it’s ready for broader use.
To confirm the robustness of its system, PlutoChain has undergone security audits by SolidProof, QuillAudits, and Assure DeFi.
PlutoChain also empowers its community with a governance model where users propose and vote on key decisions and submit proposals.
The Bottom Line
XRP shows promise with its recent rally and ambitious $500 billion market cap prediction by Peter Brandt.
Its growing adoption, the launch of RLUSD, and potential regulatory tailwinds strengthen its outlook.
Now, whether it can sustain its upward momentum depends on both technical and broader market factors.
Meanwhile, PlutoChain could emerge as a compelling potential solution for Bitcoin’s long-standing issues.
By offering faster transactions, lower fees, and smart contract compatibility, it could set the stage for innovation in DeFi and beyond.
For those watching blockchain evolution, PlutoChain might be worth keeping an eye on.
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Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated.
