Market Analyst Still Believes XRP Has Not Reached Its Full Potential Despite Ongoing Consolidation

A notable market analyst still believes XRP has not reached its full potential for the ongoing bull market despite the ongoing consolidation.

A well-known market analyst believes that XRP has yet to reach its full potential for the ongoing bull market despite the persistent consolidation.

During a recent episode of the Paul Barron Network podcast, host Paul Barron engaged in a conversation with Tim Warren, a market analyst recognized for his contributions to the Investing Broz channel. Their discussion spanned the performance of various altcoins and the broader market trends.

As Barron delved into the discussion of Bitcoin's continued ascent, testing new highs and recently surpassing the $111,000 mark, the industry experts discussed the implications of this milestone for altcoins moving in tandem, setting the stage for XRP to take center stage in the latter half of their conversation.

When Barron turned his attention to XRP, he posed the question of whether Warren was actively trading the token or simply holding it for the long term.

XRP Still Has Another 5x Left in It Toward $11 Target

In response, Warren confirmed that he is maintaining a long-term holding strategy. He drew attention to his past appearances on Barron's show, highlighting how he had previously urged viewers not to lose hope in XRP during its sluggish performance last summer.

At that time, he had made predictions for a surge, and now, despite several months of sideways movement since January, the asset was approaching key resistance levels once again. Notably, data from his chart indicates that XRP is attempting to break out of a bull flag formation in the daily timeframe.

As part of his analysis, Warren pointed out that XRP had recently managed to break through former lower highs around the $2.55 mark but later dipped back below it. Despite this setback, he remained optimistic, citing several technical indicators that signaled a pullback was likely before another upward move.

He went on to predict that XRP might pull back to around $2.20, but once it regains momentum and pushes past the crucial resistance level, he anticipates the token to rally toward a minimum target of $5.

Expanding further, Warren shared his broader projection, envisioning a potential price point of $11 to $12 for XRP before the current bull market runs its course.

For context, analysts like Ali Martinez have also set a prediction of $11 for XRP.

Of course, such a target would not yield the tenfold gains that smaller-cap tokens could experience. However, as Warren emphasized, a four- to fivefold return is still noteworthy, especially considering XRP's already substantial performance. Notably, the asset has already surged by 380% since November 2024.

Could Ripple’s Acquisition of Circle Be Beneficial for XRP?

Prior to their analysis of XRP, Barron brought up reports of Ripple's interest in acquiring Circle, the renowned issuer of the stablecoin USDC. He referenced an article that also included comments from Gabriel Shapiro, founder of MetaLeX Labs, who expressed concerns about the potential repercussions of such a deal for the broader cryptocurrency ecosystem.

According to Barron, some critics from the Bitcoin community view the potential acquisition, rumored to be valued at $11 billion, as a move that might transform Ripple into the largest asset issuer across all blockchains. This, in turn, raises concerns about reduced market competitiveness and potential regulatory pushback.

In light of these reports, Barron posed the question to Warren: Could this acquisition ultimately spur a rally for XRP, or would Ripple offloading its XRP holdings to fund the deal likely cause the token to crash?

Responding to this query, Warren expressed uncertainty regarding the methods Ripple might employ to finance such a massive acquisition. According to him, if it involved liquidating part of their XRP treasury, then it could exert short-term bearish pressure on the token.

However, he quickly dismissed long-standing rumors of Ripple dumping its tokens on retail investors. Interestingly, while he once supported this narrative, conversations with industry veterans have led him to a different conclusion.

Having engaged in discussions with individuals who have a deep understanding of the crypto space, such as traders and fund managers, Warren now believes that Ripple would benefit more from XRP performing well in the market.

In his final analysis, even though some might view the reported acquisition as bearish due to the potential for XRP to be sold down, he personally leans toward seeing it as a bullish development for the token.