Speaking at the World Economic Forum in Davos, Switzerland, Ripple CEO Brad Garlinghouse predicts the crypto market will see new highs this year. “I’m very bullish, and yes, I’ll go on record as saying, I think we’ll see an all-time high,” he told CNBC.
Analysts say the XRP price prediction aligns with this projection as Ripple’s token continues gaining institutional support that could propel it toward $5 this year.
Ripple CEO Says Institutional Demand Enough to Send XRP to New Highs
Garlinghouse stated he believes this is the moment to use crypto and blockchain technology to enable economic access for a more efficient, more scalable, and utility-focused global financial system.
He added that “major” financial institutions showing interest in crypto is a “massive sea change.” “I don’t think that’s priced into the crypto market as much as I would have expected right now.”
XRP, Ripple’s payments token, became a breakout trade of this month’s crypto rally after gaining over 20% before its recent cooling toward $1.90 at the time of writing.
Ripple has positioned the token as a compliant alternative for institutions navigating tighter oversight of dollar-pegged assets.
Recently, Ripple’s U.S. dollar-backed stablecoin RLUSD debuted its spot trading on Binance, expanding the token’s reach on one of the world’s largest digital asset exchanges.
The listing marks a notable step in RLUSD’s rollout and reflects Ripple’s push to position the stablecoin as a payments-focused asset with institutional-grade infrastructure.
Analyst ChartNerd revealed that XRP has already broken out of a textbook falling wedge pattern, accompanied by strong bullish RSI divergence.
Now, it’s successfully backtesting the upper trendline of the RSI compression and the falling wedge breakout, which could see it reclaim the $2.50 zone and target a new high around $5.00.
XRP Price Prediction: Weekly Chart Shows Critical $2.00 Support Test
The weekly XRP/USDT chart shows a market in a corrective phase following a strong impulsive rally, with price now compressing around a decisive inflection zone.
XRP continues respecting the critical $2.00 support area, which has repeatedly absorbed selling pressure and acted as a base for short-term stabilization.
However, the broader structure remains capped by a descending trendline from the July peak and clearly defined horizontal resistance near $3.00, which previously marked distribution and aggressive profit-taking.
Momentum indicators reinforce this cautious tone. RSI hovers in the low-40s and trends lower, reflecting weakening bullish momentum and confirming the bearish divergence that formed near cycle highs.
This suggests upside attempts remain vulnerable to rejection unless momentum meaningfully improves.
Price action also remains below key Fibonacci retracement levels between roughly $2.80 and $3.25—an area that now represents a heavy supply zone where sellers are likely to re-emerge on rallies.
Provided XRP holds above this level, price will likely continue consolidating with a slight bullish bias, potentially attempting a grind toward the descending trendline around the mid-$2 range.
Maxi Doge Presale Raises $4.5M To Position for XRP Rally
If XRP reclaims the $3.00 level and resumes its bullish rally, presale projects like Maxi Doge (MAXI) would attract capital from investors seeking high ROI opportunities.
Maxi Doge is an early-stage memecoin following the Dogecoin playbook that helped it surge over 10x during the 2023-2024 breakout rally.
The presale project has established an alpha channel to help traders exchange insider tips and share trade ideas, mirroring the early days of Dogecoin.
The MAXI presale has already raised over $4.5 million and offers 70% annual staking rewards for early participants at the current $0.000279 price.
To buy early before price increases, visit the official Maxi Doge website and connect a crypto wallet like Best Wallet.
You can pay with existing crypto like USDT and ETH, or use a bank card to complete your purchase immediately.
Visit the Official Maxi Doge Website Here
The post XRP Price Prediction: Ripple CEO at Davos Predicts Crypto ATHs This Year – $5 XRP Next? appeared first on Cryptonews.
Credit: Source link
