Angel investor and prominent crypto analyst Armando Pantoja recently pointed to a significant upside potential for XRP price. He even expects the Ripple token’s value to surge past $8, potentially to $30 in the long term. This prediction comes amid XRP’s meticulous surge as Robinhood added support for the crypto after delisting it earlier owing to regulatory issues.
Will XRP Price Surge to $30?
On social media platform X, Pantoja highlighted a technical pattern reminiscent of past price surges that drove XRP price from mere cents to over $3, fueling investor optimism for a repeat rally. This time, he sees an even more ambitious target: “Symmetrical Triangle Pattern + MACD + Increasing Volume = target of $8-$30,” he noted. In a pointed call to action for XRP investors, he added, “This is your last chance for #XRP under $1.”
In $XRP last time we saw a pattern like this, it went from pennies to over $3.
Now we’re seeing it again:
Symmetrical Triangle Pattern + MACD + Increasing Volume = target of $8-$30.
This is your last change for #XRP under $1. pic.twitter.com/n8aErJ342b
— Armando Pantoja (@_TallGuyTycoon) November 12, 2024
Meanwhile, popular U.S. trading platform Robinhood has increased the number of cryptocurrencies available to American users. In a recent update, Robinhood introduced four new digital assets, including XRP, Solana (SOL), Pepe (PEPE), and Cardano (ADA), bringing the total number of supported cryptocurrencies to 19 for U.S. customers. The announcement follows recent elections that some analysts say may indicate a friendlier stance towards cryptocurrency in the upcoming administration.
“We’ve consistently heard from our customers that they want access to more digital assets,” said Johann Kerbrat, Robinhood Crypto’s Vice President. He added, “We’re excited to continue expanding our crypto offering.” The expanded listings come as part of Robinhood’s ongoing response to customer demand for increased exposure to the digital asset space.
XRP Surges Amid Robinhood Listing
With XRP’s listing on Robinhood, the crypto joined a broader movement across other platforms. Coinbase, which already supported the assets recently added by Robinhood, also listed PEPE, broadening access for retail investors across major exchanges. Following these announcements, all listed cryptocurrencies experienced minor gains, and Bitcoin surged to a record high above $91,000, reflecting broader market enthusiasm.
This expansion of digital asset offerings comes as expectations mount for a more crypto-friendly environment under President-elect Donald Trump. Trump, who is set to take office in January, previously pledged to support blockchain innovation and signaled his intention to replace U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.
Gensler, the anti-crypto SEC Chairman, has been widely seen as a tough regulator on crypto. Last year, Robinhood had suspended support for several tokens, including SOL and ADA, after the SEC labeled them as securities in cases against Binance and Coinbase.
The XRP price soared significantly after the latest announcement by Robinhood, surpassing the $0.71 mark. As of writing, the XRP price gained 3.75% to $0.7171 on Wednesday, November 13.