XRP Price Prediction—Can XRP Surge by 150% to ATH?

The price of XRP is on the verge of a strong breakout as it enters the fifth phase of the Elliott Wave, following the formation of a bullish pennant pattern on the weekly chart.

Meta Platforms (NASDAQ:META) is considering using stablecoins for cross-border payments, according to a recent report by CCXV. The move comes as no surprise, given the growing interest in cryptocurrency and blockchain technology.

Earlier this year, rumors swirled that Meta could be integrating one or more stablecoins on its platforms, namely Facebook, Instagram, Threads, and WhatsApp. The aim is to facilitate easier and cheaper global money transfers.

Additionally, people would be able to use these coins on Meta's shopping marketplaces.

Meta has two main options: use existing stablecoins or develop its own. The latter is possible since Mark Zuckerberg has had an interest in the crypto industry for many years.

Meta has several options to consider if it opts for existing stablecoins for cross-border payments. The most viable option so far would be Circle's USD Coin (USDC) because it is regulated in the US and Europe.

The other two options are RLUSD and PayPal's PYUSD because they are also created by American companies and are regulated.

Choosing RLUSD for stablecoin payments would be significant for the price of XRP (CRYPTO:XRP) because of Meta's size as the biggest social media company with billions of users. It would also represent the first megascale use case for the stablecoin.

Launched in December last year, RLUSD has grown steadily and now has a market cap of over $320 million. It is one of the most active stablecoins, with a daily volume of over $100 million.

More RLUSD usage would benefit the XRP price as it would lead to higher fees, some of which would be burned, reducing the coins in circulation. It would also result in increased demand for XRP as investors anticipate further integration.

Another potential integration could involve X Payments, a solution that Elon Musk has touted since he acquired Twitter.

Earlier this year, Standard Chartered analysts predicted the XRP price could reach $12.50 by 2028.

The weekly chart shows that the XRP token peaked at $3.40 earlier this year and has been consolidating since then. It gradually formed a bullish pennant pattern, with the flagpole starting at $0.4864 and ending at $3.3970, resulting in a $2.91 range.

XRP has broken out at $2, indicating a target of $4.90 or $5, approximately 100% above the current level, using the pennant pattern.

This view is supported by the Elliott Wave, which shows that the coin is now in the fifth section. A move above the year-to-date high will point to further upside to $5. The coin would likely head to $10 if it was accepted by Meta.