In December 2024, the financial analyst Jacobo Maximiliano, linked to Exchange Bitget, launched an estimate that then seemed distant: XRP, the cryptocurrency of Ripple Labs, would reach 7 dollars in the current upward cycle.
According to Maximiliano, by forming a bullish pattern such as Bitcoin (BTC) and Ether (ETH), XRP could reach $ 4.50 contributions, which would be followed by a strong correction below 2 dollars. After that, the specialist thought, That digital asset “should surely rise to 7 zonal dollars.”
That projection was launched when the cryptocurrency was above 2 dollars and was already consolidating a bullish flag that today pays off. It is currently XRP quotes around USD 3.60, 69.8% more compared to a month, and on the edge of new historical maximums, as seen in the following graph provided by TradingView. Therefore, the possibility that the asset reaches USD 7 begins to take concrete form.
This technical model has gained greater relevance after recent price behavior, since the asset has been driven by a favorable macroeconomic and regulatory environmentas well as for the corporate advances of Ripple Labs.
On July 17, XRP reached the USD 3.65, a new record for the price of the asset, as reported by cryptootics. Since then, the price has been held near USD 3.60, and previous resistance seems to be yielding.
Part of this impulse is attributed to the approval of the Genius Law in the United States, which gives legal clarity to the cryptoactive sector, especially in regard to the issuance of Stablecoins. Ripple, head of XRP, also issues the Stablecoin Ripple Usd (RLUSD), so the new legislation directly benefits it.
In addition, Rlusd operates under state regulation of the New York Financial Services Department, but the company requested a license to operate as a National Bank, which would put its stablecoin under federal supervision, specifically from the Office of the Comptroller of La Moneda (Occ), as Criptonoticias reported.
This regulatory step is not less. If Ripple obtains the bank license, its operations would be institutionally strengthened, generating greater confidence in its financial products, including its XRP cryptocurrency.
On the other hand, the company has intensified its international activity. On July 16, an alliance with Ctrl Alt announced a British firm dedicated to tokenization infrastructure, with the aim of digitizing real estate assets in Dubai, United Arab Emirates, as this medium reported.
This project, backed by the Dubai land department (DLD), is based on the XRP Ledger (XRPL) network to manage tokenized writings. Ripple also launched the XRPL accelerator program, scheduled to begin in September 2025, as part of its tokenized economy expansion strategy.
To these factors is added the fact that the cryptocurrency market has entered into what cryptootics calls phase 3 of the upward cycle. At this stage, cryptocurrencies, such as XRP, tend to follow the impulse of market leaders. Ethher (ETH), the cryptocurrency of the Ethereum Network, has starred in the most recent climb, being 25% of a new historical maximum. Now XRP and other assets show similar behaviors.
This third phase is characterized by capital rotation to high profile Altcoins, which increases the probabilities of strong movements in its prices, such as XRP has begun to show.
Strengthening XRP’s bullish narrative
All this context has strengthened XRP’s upward narrative. The parent company has started the way to become a bank, its stablecoin adapts to the new US regulatory framework and its infrastructure is used in tangible cases globally. These elements feed technical and fundamental optimism.
From the point of view of market analysis, XRP has shown clear consolidation signals. According to the annual graph, two relevant minimums are identified: one at the end of April, with a setback to USD 1.60 before bouncing; And another in mid -July, when the price fell to USD 1.90 and then recovered to USD 2,20. This sequence has configured a bullish support that, so far, remains firm.
The possibility of reaching 7 dollars, then, is based not only on graphic projections, but on a set of structural factors that are aligned favorably. Although the technical pattern described by Jacobo Maximiliano contemplates a correction after $ 4.50, These types of setbacks are part of the development of prolonged bullish trends.
The important thing is that, after that correction, the model suggests a sustained advance towards the 7 dollars. While there are no guarantees, current indicators make it see how a plausible scenario.
