XRP to $15, Analyst Says If market cap matters, why is XRP bigger than BlackRock

Cryptocurrency market analyst Ali Martinez sets a double-digit price target for XRP and questions why XRP is bigger than BlackRock if market cap actually matters.

In his latest work analysisThe market watcher predicted a possible rise to $15. His assessment was based on the breakout of the symmetrical triangle pattern shown on the monthly chart. Such a movement usually indicates upward momentum.

Many analysts He called attention This pattern last year, especially when XRP remained trading at $0.50. Data from the chart shows that XRP slid into a symmetrical triangle pattern when it collapsed from its all-time high of $3.8 in January 2018.

Within this structure, XRP has undergone a consolidation process that has continued for years. There was a breakout attempt in April 2021, but XRP faced resistance at the $2 level. Interestingly, its recent rise since November 2024 has now led to a successful breakout of the symmetrical triangle.

Martinez believes this breakthrough could happen Push XRP to $15A 5-fold increase from current levels. Notably, XRP recently retested resistance at $3.4 just days ago after surpassing $3 for the first time in seven years. This recent strong momentum has reinforced Martinez’s bullish outlook.

Martinez responds to the criticism

Not all analysts share Martinez’s optimism. Tribal pro-crypto trader He doubted Feasibility forecast $15. Tribal Trader accused Martinez of receiving incentives from “XRP” and not disclosing them.

He raised concerns about the market capitalization requirements for XRP to achieve this price. Essentially, his argument suggested that getting to $15 would require an extraordinary market cap, which he believed might not be possible.

For context, at $15, XRP’s market capitalization would rise to $862.5 billion, nearly double Ethereum’s current valuation. In response, Martinez dismissed the concerns, noting that XRP already has a higher market cap than BlackRock.

If market cap matters, why is XRP’s market cap larger than BlackRock’s?

– Ali (@ali_charts) January 16, 2025

He said that if market cap was a limiting factor, the XRP overtake of BlackRock – a global financial giant – would not have happened. It is worth noting that BlackRock, the largest asset manager in the world, has a market value of $155 billion despite managing assets worth $11.6 trillion. XRP’s current market capitalization, at $180 billion, already exceeds that of BlackRock.

XRP Forecast History

It should be noted that Martinez has been vocal about his bullish stance on XRP in recent months. In November 2024, when XRP regained $1 for the first time in three years, he suggested that the resignation of SEC Chairman Gary Gensler could be positive for the altcoin.

‘@Gary Gensler leaving @SECGov It is the best thing that could happen to @ripple. now, $XRP Goals are $2! https://t.co/YEDiZtrnB1 pic.twitter.com/LLE4n0MC8z

– Ali (@ali_charts) November 21, 2024

At the time, Martinez predicted that the price of XRP would reach $2 shortly after breaching the $1 level. Interestingly, these predictions came true a week later, with XRP finally breaking out Above the $2 mark On December 1, 2024.

And then Martinez It has been identified $4 is the next target. So far, XRP appears to be approaching this level, having recently surpassed the psychological level of $3. Meanwhile, his latest analysis, based on a symmetrical triangle breakout, forecasts an eventual target of $15.