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Bitcoin Forms “Classic Top Pattern,” Peter Brandt Outlines 3 Possible Outcomes

Okoya David
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Bitcoin Forms “Classic Top Pattern,” Peter Brandt Outlines 3 Possible Outcomes

Veteran commodities trader Peter Brandt asserts that the Bitcoin price has formed “a classic top pattern.”

The crypto market has been thrown into uncertainty over the past few weeks as macroeconomic factors have subdued Bitcoin‘s price. 

With these price struggles sparking concerns about the fate of the bull market, a veteran trader has now highlighted that the asset has formed a top pattern. Is the bull market over?

Bitcoin Head and Shoulders Pattern

Veteran commodities trader Peter Brandt recently asserted that Bitcoin’s price has formed “a classic top pattern.”

Brandt disclosed this in an X post on Sunday, January 12, highlighting a head and shoulders pattern on the asset’s daily candle chart that started forming toward the end of November 2024. The veteran trader noted that the chart pattern with a neckline just above $90,000 and a potential target around $75,000 could have three possible outcomes.

BTCUSD daily candle chart highlighting head and shoulders pattern
BTCUSD daily candle chart highlighting head and shoulders pattern. Source: Peter Brandt

For one, he suggested that Bitcoin could fulfill the pattern by breaking the neckline and selling off towards the $75,000 target.

On the other hand, he noted that it could turn out to be a bear trap. This will likely see the asset’s price briefly break below the neckline only to quickly reverse course after taking out short sellers.

At the same time, he asserted that the chart pattern could grow into an even bigger structure.

History Favors a Bear Trap?

It is not the first time Brandt has highlighted Bitcoin’s potential head and shoulders pattern in the past few days. On Thursday, January 9, he noted that the pattern has often resulted in a bear trap in Bitcoin’s history.

This view is based on the Brandt-identified and named Bitcoin bull market correction pattern, the “hump slump bump dump pump” or hump slump for short.

The pattern sees the asset form something similar to a head and shoulders pattern, only to result in a bear trap before continuing its parabolic run.

On December 29, the analyst suggested that Bitcoin was likely repeating this pattern but needed a deeper correction. This deeper correction could be satisfied by a bear trap that sees the asset briefly break below the neckline around $90,000.

For context, Bitcoin is currently trading at $93,900, down over 5% in the past seven days.

Top Analyst Calls XRP ‘Leader of the Pack,’ Here’s Why

Sam Wisdom Raphael
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Top Analyst Calls XRP ‘Leader of the Pack,’ Here’s Why

Veteran analyst Peter Brandt calls XRP the leader of the pack amid a recent recovery that has seen it buck the overall trend.

For context, XRP recently captured the spotlight as it defied the broader crypto market’s trends over the weekend, surging to a one-month high of $2.6 on Saturday. It saw a massive 10.04% intraday gain, marking its largest single-day increase since the start of the year. 

Notably, the surge came at a time when other major crypto assets showed lackluster performance. For instance, Bitcoin (BTC) slipped 0.14%, Ethereum (ETH) rose slightly by 0.49%, and Solana (SOL) added only 0.22% in value on the same day.  

Amid the run, Peter Brandt, who has been a vocal critic of XRP in the past, acknowledged the token’s strength. He referred to it as the “leader of the pack” in a recent post, sharing a chart that highlighted XRP’s breakout above major resistance levels.  

XRP Records Breakout 

Data from the chart shows a symmetrical triangle XRP formed following the drop from the seven-year peak of $2.9 on Dec. 3, 2024. Symmetrical triangles such as this often indicate indecision in the market and precede sharp breakouts.

XRP 1D Chart Peter Brandt
XRP 1D Chart | Peter Brandt

Interestingly, with the latest sharp rise, XRP recently broke out above the upper trendline of the triangle at $2.4, confirming bullish momentum. The breakout also saw XRP surge past its 8-day simple moving average (SMA), which currently sits at $2.38, now acting as short-term support.  

The Average True Range (ATR) of 0.1777 indicates increased volatility, and this suggests stronger price movements ahead. Meanwhile, the Average Directional Index (ADX), now at 15.48, indicates that the uptrend is gaining momentum but still has room to strengthen.  

Where to Next?

The recent breakout sets XRP up for a potential rally toward the next major resistance zone around $2.9 to $3. If the bullish momentum sustains, it could trigger a move higher, possibly validating the “half-mast flag” pattern previously identified by Brandt. 

If this pattern completes, Brandt noted that it could pave the way for a major rally, potentially pushing XRP to a market cap of $502 billion. Considering its current supply, this market cap would push XRP price close to $8.74.

However, risks remain. The $2.5 level, which XRP is currently trading above, must hold as support to sustain the bullish outlook. A break below this level could invalidate the flag pattern and lead to a return toward $2.2 or lower.  

Brandt Extends Olive Branch  

Notably, Brandt has been largely bullish on XRP in recent times. While he had previously criticized XRP and its community, his tone has softened of late. 

In a recent post, the market veteran finally extended an olive branch to the XRP community. He explained his earlier skepticism, noting that XRP’s historical tendency to lose value against Bitcoin made it a risky speculative asset for capital preservation. However, Brandt expressed admiration for XRP’s current success. Raoul Pal took a similar stance last year.

Meanwhile, despite a slight pullback on Sunday, XRP remains in a strong position above $2.5. The next few days will be crucial in determining whether it can continue its upward trajectory or face renewed selling pressure. Currently, XRP changes hands at $2.51, up 0.45% this morning.

Shiba Inu Team Says No Further BONE Minting Possible, Refutes Claims of Minting Capability

Lele Jima
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Shiba Inu Team Says No Further BONE Minting Possible, Refutes Claims of Minting Capability

Kaal Dhariya, a top developer of the Shiba Inu ecosystem, has addressed concerns about whether the team could still mint Bone ShibaSwap (BONE) despite renouncing its contract. 

Over the weekend, popular crypto YouTuber Random Artz called the Shiba Inu community’s attention to misconceptions that were being spread by a Solidity developer using the username @shallowhal-i4n.

Solidity Developer Says BONE “Is Still Mintable” 

Specifically, this developer stated that the team behind the Shiba Inu ecosystem can still mint BONE if they choose to. The developer suggested that the BONE contract has a loophole that the team could exploit to create additional tokens. 

He emphasized that BONE is still mintable unless the team renounces the contract and sets its supply to ‘not mint.’ Reacting to this claim, Random Artz labeled the Solidity developer as fake, criticizing them for spreading old FUD about BONE. 

The YouTuber called on Shiba Inu community members to offer their best response to counter the misinformation. 

Shiba Inu Developer Refutes Claims About BONE Minting 

Dhairya joined other community members to counter the claim the so-called Solidity developer raised. The Shiba Inu developer identified the TopDog farming contract as the owner of the BONE contract. 

According to Dhairya, the TopDog contract, which utilizes a 6/9 multi-sig wallet, had already renounced the BONE contract, preventing any further minting of additional tokens. He provided an Etherscan link confirming the team successfully renounced the BONE contract in 2023.  

Notably, The Crypto Basic reported the development at the time, noting that the renouncement occurred through the TopDog contract. Based on the renouncement of the BONE contract, the team relinquished control of the token. In particular, this ensured that its supply remained fixed at 250 million. 

This move also ensures that nobody, including ecosystem developers, can mint or add new BONE tokens to the supply. 

Reason Behind BONE Contract Renouncement 

The Shiba Inu team renounced the BONE contract to get the token listed on top exchanges like Binance. At the time, several community members suggested that these top exchanges chose not to list BONE because the Shiba Inu ecosystem team still controlled the token’s contract. 

Addressing this concern, the team took significant steps to renounce the contract, which included creating a proposal to halt BONE minting at 230 million and allocating the remaining 20 million tokens to Shibarium developers. 

On September 23, 2023, the team officially announced that it had renounced the token’s contract, preventing any further minting. Despite this, BONE has yet to be listed on major exchanges, such as Binance and Coinbase. 

In the meantime, BONE has a max supply of 250 million, with 229.92 million tokens currently in circulation. It is trading at $0.4482 per token, down 2.09% in the past 24 hours. BONE has also plunged by 98.92% from its previous all-time high (ATH) of $41.67, registered on September 13, 2021. 

Market Analyst Predicts XRP Surge to $13.4 if This Pattern Proves True

Sam Wisdom Raphael
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Market Analyst Predicts XRP Surge to $13.4 if This Pattern Proves True

A notable analyst predicts an XRP price rally to an ambitious two-digit figure if a suspected bull flag pattern proves true.

This commentary came from Tony “The Bull” Severino, a Chartered Market Technician and trader with over 15 years of experience. Severino believes the XRP price might be on the verge of an impressive rally.

He based his prediction on a budding bull flag on the daily XRP price chart. Severino’s chart indicates that XRP started forming the bull flag pattern following the impressive surge that occurred on the back of Donald Trump’s victory on Nov. 5.

XRP Forms 1D Bull Flag

For context, XRP, which traded for $0.4956 on Nov. 4, soared to a seven-year top of $2.9 on Dec. 3. This marked an impressive 485% increase in a month, XRP’s most bullish phase over the past few years. Data from the chart shows that this upsurge led to the formation of the flagpole.

However, from the $2.9 top, XRP price suffered a pullback, dropping to retest the lower end of the $2 territory and then consolidating at this psychological price mark. Severino believes this period of consolidation, which has lasted for another month, might represent the bull flag.

XRP 1D Bull Flag Tony Severino
XRP 1D Bull Flag | Tony Severino

Despite his conviction, the market analyst remains uncertain, as this setup could merely mark a descending channel for XRP. However, if the bull flag structure plays out, he believes a breakout from the flag could push the XRP price to ambitious levels. 

For the uninitiated, bull flags typically form when an asset faces an exhaustion in its uptrend. Such exhaustion could last for weeks as buyers and sellers reach an equilibrium, leading to consolidation. However, with bull flags, the breakout is typically to the upside, resulting in a resumption of the upsurge. 

XRP Could Target $13

Moreover, the ensuing upsurge often equals the length of the previous rally. In this case, XRP witnessed a 485% increase from early November to early December. If the bull flag pattern holds true, Severino’s chart indicates that another 485% rise from current levels would push the XRP price to $13.4.

The analyst admitted that this region is significantly higher than even his top price target for XRP. Still, he maintained that despite the ambitious nature of this goal, it is not impossible to achieve. Notably, at $13.4, XRP’s market cap would exceed $769 billion, higher than Ethereum’s current valuation.

In addition to this potential bull flag, other indicators bolster Severino’s bullish outlook on XRP, especially as the asset records a recent recovery push. For one, XRP’s quarterly RSI has soared beyond the 70 mark. The last time this occurred was in January 2018, leading to the $3.31 all-time high. 

Moreover, XRP’s price recently closed a yearly candle above $2 for the first time in history. Currently, XRP changes hands at $2.52, leading the crypto market as Bitcoin remains below $95K

XRP Forecast: $15 Possible if It Replicates 50% of 2017 Rally

Sam Wisdom Raphael
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XRP Forecast: $15 Possible if It Replicates 50% of 2017 Rally

Market analyst Bobby A believes XRP price has the potential to reach a double-digit figure if XRP can replicate only half of its 2017 rally.

Bobby A disclosed this while analyzing XRP’s recent price movements amid the ongoing market uncertainty. The market downturn has triggered an XRP price drop to the $2.2 region, but the asset has demonstrated more resilience than most of the market.

This resilience is one of the factors behind prevailing bullish projections, with analysts like Bobby A expecting a massive rally following a breakout. Interestingly, Bobby A based his recent projections on XRP’s performance in past market cycles.

XRP Observing Half of Its 2017 Rally

In his latest analysis, the market commentator highlighted that XRP price gains appear to have diminished with each cycle, but the asset still shows potential for substantial growth. 

Particularly, during the 2017/2018 bull run, XRP experienced an explosive rally after breaking out of a consolidation pattern. The asset first appreciated by 629% to the $0.0695 peak in March 2017 before facing resistance. 

After this, it then surged by another 1,330% to $0.3988 in May 2017, eventually surpassing the 4.236 Fibonacci extension. This historical move set a precedent for the asset’s bullish tendencies in subsequent market rallies.  

XRP 1W Chart Bobby A
XRP 1W Chart | Bobby A

Notably, in the ongoing cycle, XRP price breakout, which occurred in Q4 2024, led to an initial 331% rally that allowed it to reach the $2.2 level. Bobby A pointed out that this initial impulse is roughly half of the initial 629% gain achieved during the first leg of XRP’s 2017 rally. 

XRP Price Targets $15

Interestingly, XRP price has also entered a consolidation phase after the initial rally, the same pattern from 2017. According to Bobby A, if the trend of diminishing percentage increases continues, XRP could soar by another 665% surge from its breakout point, placing it near $15, which aligns with Fib. 4.236.

Meanwhile, the accompanying chart shows two rounded bottom patterns, one spanning from 2017 to 2021 and another forming between 2021 and 2025. These patterns signal long-term bullish reversals, indicating that XRP may be building momentum for its next upward move.  

In addition, a long-term ascending channel is clear on the chart. The channel’s upper boundary aligns with the $15 target, suggesting that the XRP price trajectory receives support from strong upward momentum. 

Currently, the XRP price changes hands at $2.50 as of press time, which is up 5.77% this week. A $15 price would push XRP’s market cap to $861 billion, placing it as the second-largest crypto asset if Ethereum’s market cap remains stable.

North Dakota Proposes to Buy Bitcoin with State Funds

Elendu Benedict
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North Dakota Proposes to Buy Bitcoin with State Funds

Lawmakers in North Dakota, America’s 19th largest state, have proposed a bill to divert some of its state funds to buy the pioneering cryptocurrency, Bitcoin.

Bitcoin adoption among states in the United States has reached a fever pitch. Those yet to gain exposure to the crypto firstborn are looking to join the bandwagon, with the Midwestern state of North Dakota being the latest to propose holding the asset.

On Friday, six North Dakota legislative assembly members proposed buying Bitcoin. The filing encouraged the state treasurer and investment board to diversify their reserve funds to digital assets and precious metals.

Bitcoin: A Hedge Against Inflation

The bill’s sponsors cited growing inflation, which has affected the purchasing power of funds held in the state’s reserve. As a result, acquiring a store of value like Bitcoin could help safeguard the state treasury’s funds.

Furthermore, investment diversification is a core principle for sustaining North Dakota’s financial future against economic hazards. The proposal urged the state to invest some of its general, budget stabilization, and legacy funds in Bitcoin.

North Dakota Bitcoin Proposal

Meanwhile, the bill coincided with a similar proposal from another US state, New Hampshire. Lawmaker Keith Ammon filed a motion for New Hampshire to adopt Bitcoin as a strategic reserve asset.

The bill suggested diversifying the state’s holdings into Bitcoin exchange-traded funds (ETFs) and precious metals like gold, silver, or platinum. New Hampshire will hold these valuables through a qualified custodian and other secured custody solutions.

Surging State-Level Bitcoin Adoption

North Dakota and New Hampshire are not the only states interested in Bitcoin. Notably, several others have shown interest in holding the premier asset. For instance, Pennsylvania proposed a state-managed Bitcoin reserve, intending to invest up to 10% of its $7 billion emergency funds in it.

Florida’s chief financial officer, Jimmy Patronise, has also advocated for a Bitcoin reserve. He proposed throwing in a portion of the state’s retirement funds into a worthy investment such as Bitcoin.

Meanwhile, a similar proposal is ongoing in Texas and Alabama amid growing interest. The states seem poised to position themselves ahead of the proposed Bitcoin adoption at the national level.

Here’s How High Dogecoin Can Rise If DOGE Surges Like It Did After 2020 Bitcoin Halving

Abdulkarim Abdulwahab
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Here’s How High Dogecoin Can Rise If DOGE Surges Like It Did After 2020 Bitcoin Halving

Dogecoin is among the leading crypto assets that enthusiasts have high hopes for in the 2025 bull market. 

This is largely due to its unique position as the original meme coin and its historical performance in two previous bull seasons. Moreover, Dogecoin benefits from influential backing by the world’s richest man, Elon Musk. These factors continue to fuel bullish sentiment around Dogecoin.

In this article, The Crypto Basic explores the potential price of Dogecoin in this market cycle, assuming it replicates its performance following the 2020 Bitcoin halving.

Dogecoin Historic Performance Post-Bitcoin Halving

Notably, the 2020 Bitcoin halving occurred on May 11, 2020. On that day, Dogecoin was trading with two leading zeros at $0.002406. At the time, Bitcoin itself was trading at $8,374.

Bitcoin’s price gradually improved over the following weeks, surpassing $11K by August 2020. It consolidated around this price until the last quarter of the year, when a breakout occurred. By December 31, 2020, Bitcoin had reached $29,300 and later broke into the $30K range by January 2021.

Bitcoin would go on to double in price in less than three months, reaching over $61K by April 2021. A major bearish correction followed, causing the price to dip to $29K by July 2021. However, Bitcoin’s uptrend resumed, reaching an all-time high for the cycle at $69K in November 2021.

Dogecoin largely mirrored Bitcoin’s path. It first saw a gradual uptrend after Bitcoin’s halving in 2020. By Q4 2020, Dogecoin saw a major breakout similar to Bitcoin, rising dramatically from around $0.0025 to $0.0047. By the first week of 2021, Dogecoin had removed a zero, trading at $0.01387.

This marked an impressive 470% gain from Dogecoin’s price on the day of the halving. Dogecoin’s bullish momentum didn’t cool off significantly, continuing throughout the first quarter of 2021.

By Q2 2021, Dogecoin removed another zero, generating further interest in the meme coin. It eventually reached an all-time high of $0.7376 in May 2021.

From its halving-day low of $0.002416 to its all-time high of $0.7376, Dogecoin’s price rose by 30,429%. This translated into an incredible 304X return for Dogecoin holders.

What If Dogecoin Repeats This Performance?

Now, the question arises: can Dogecoin replicate another 30,429% gain in this cycle? Notably, Dogecoin traded at a low of $0.1563 when Bitcoin’s network reward halved in April 2024.

With Dogecoin currently trading at $0.3336, it has already surged by 113% from that low. Considering its highest price of $0.485 since that halving, the gains have been over 210%.

If Dogecoin were to repeat its previous 30,429% gain from its halving low of $0.1563, its price would reach $48. Interestingly, numerous analysts have speculated about this possibility.

However, this price point would elevate Dogecoin’s market cap beyond $7 trillion, a highly speculative scenario. Such a high valuation would limit the likelihood of this outcome.

Kenya to Legalize the Use of Bitcoin Amid Global Friendlier Stance

Elendu Benedict
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Kenya to Legalize the Use of Bitcoin Amid Global Friendlier Stance

The Republic of Kenya looks set to embrace Bitcoin and cryptocurrency after a recent policy draft to legalize digital assets.

Following years of clamping down on virtual assets, Kenya has announced plans to open its borders to the asset class. Per a recent disclosure from local news outlet The Standard Media, the East African country is preparing legislation to allow the use of Bitcoin and cryptocurrencies.

The media cited a statement from John Mbadi, Kenya’s Treasury Cabinet Secretary. Mbadi announced the policy shift on Friday, stating that the country plans to harness the potential of the cryptocurrency sector.

Kenya to Create Legal Framework for Digital Assets

Mbadi stated that Bitcoin’s emergence has brought glaring innovations to the international monetary sector. He noted that the asset’s qualities as an investment tool, its seamless transacting ability, and anonymity are key traction points.

As a result, the Kenyan government has resolved to adopt the new technology and harness its untapped potential. Mbadi disclosed that in December, Kenya drafted a national policy on virtual assets and their service providers to provide a regulatory framework for the new sector.

The policy will provide a market for cryptocurrencies in Kenya while addressing notable drawdowns associated with the nascent industry. Some include liability to usage for cybercrimes and its lack of customer protection.

Meanwhile, the policy shift trailed Kenya’s historical disdain for virtual assets. For context, the Republic’s central bank announced in 2015 that cryptocurrencies were illegal within its borders and banned transactions involving the assets.

However, the East African country still imposed a 15% tax on crypto transactions. This came as residents bypassed sanctions to use the asset, with a United Nations report showing that 8.5% of Kenyans own digital assets.

Shifting Global Disposition to Bitcoin

Kenya’s move mirrors a global paradigm shift towards Bitcoin and cryptocurrencies. Countries are swiftly turning to the nascent technology, finally acknowledging its underlying value.

In September, Morocco drafted a bill to create a legal and regulatory framework for cryptocurrencies. The move was a significant step towards adopting Bitcoin in the country.

Other nations, such as the United States, Russia, and the European Union, have teased adopting Bitcoin as a strategic reserve asset.

Forbes Shiba Inu Price Predictions: Here’s How High SHIB Can Rise from 2025 to 2030

Sam Wisdom Raphael
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Forbes Shiba Inu Price Predictions: Here’s How High SHIB Can Rise from 2025 to 2030

Forbes presents its Shiba Inu price predictions, detailing how high the meme coin could rise from 2025 to 2030.

Notably, Shiba Inu (SHIB) continues to intrigue investors with its potential for growth despite market volatility. In a previous report months back, top business magazine Forbes highlighted that Shiba Inu’s performance through 2024 featured fluctuations. 

Shiba Inu 2024 Price Trends

As of July 2024, during the report, SHIB traded at $0.00001731, with a market capitalization of $10.21 billion. Six months later, in January 2025, SHIB’s price had risen by 24%, reaching $0.00002153, as it boasts a market cap of $12.7 billion.

From Forbes predicteds, the price trends in the latter half of 2024 showed SHIB attempting to recover from earlier setbacks. For instance, in November 2024, its price exceeded expectations, rising to $0.00002674. 

This indicated bullish sentiment in the market, despite a challenging year overall. However, December 2024 saw a correction, with SHIB trading at $0.00002114 due to a broader market pullback.

Forbes Shiba Inu Price Prediction for 2025

Notably, Forbes confirmed that Himanshu Maradiya, founder of the CIFDAQ Blockchain Ecosystem, emphasized the speculative nature of meme coins like SHIB. 

However, he suggested a realistic price range of $0.0001 to $0.0003 for SHIB by 2025, assuming favorable market conditions and ecosystem development. 

Meanwhile, Utkarsh Tiwari, Chief Strategy Officer of KoinBX, estimated a possible price range of $0.00003 to $0.0000456 in 2025. He highlighted the importance of regulatory developments and technological advancements.  

Forbes also noted that if SHIB maintains bullish momentum, it could reach $0.00007488 in 2025. Nonetheless, any downturn in the broader crypto market might push its price closer to $0.000010. SHIB has not seen this level in months.

Long-Term SHIB Forecasts: 2026 to 2030  

Interestingly, beyond 2025, the outlook for Shiba Inu remains speculative but optimistic under the right circumstances. By 2026, Forbes projects SHIB’s price to stabilize at around $0.00003375. 

By 2028, this could increase to $0.00004870, while 2029 might see a significant jump to $0.000161. The forecast for 2030 suggests SHIB could trade at $0.00006398.  

Key Drivers for Shiba Inu Growth  

However, the future of Shiba Inu hinges on several factors. Forbes highlighted the importance of ecosystem developments like Shibarium, which aim to increase SHIB’s utility. Additionally, regulatory changes and the overall crypto market’s health will play a major role.  

Rajagopal Menon, Vice-President of WazirX, pointed out that the current bull run favors meme coins, with tokens like SHIB potentially outperforming other assets. He also noted optimism surrounding developments such as the ETH and Solana ETFs, which could spur further interest in meme coins.  

Despite the optimistic projections, risks remain. Forbes called attention to the volatility of meme coins, advising investors to set realistic expectations. Maradiya and Tiwari both warned about the speculative nature of SHIB, urging caution and thorough risk assessment.  

XRP to $100: Top Financial Author Gives Clarification

Sam Wisdom Raphael
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XRP to $100: Top Financial Author Gives Clarification

A notable financial author seeks to clarify on her indirect prediction that XRP is capable of reaching a three-digit price in the future.

Linda P. Jones, renowned financial author and wealth mentor, recently addressed the buzz surrounding her alleged prediction that XRP could soar to $100, clarifying her actual stance in Episode 1453 of her podcast.

The XRP to $100 Forecast

In a podcast segment, Jones discussed the reporting on her statements by media outlets, which suggested she foresaw XRP reaching $100 imminently. For context, The Crypto Basic also called attention to this forecast. Jones emphasized that while headlines may suggest bold predictions, her actual remarks were more subtle.

“I didn’t say XRP was going to $100 this year. I’m just not going to give a price target,” Jones explained. According to her, she compared the purchasing power of $100 in XRP from earlier times to today’s market prices, showing the asset’s price evolution rather than forecasting its immediate future.

For context, Jones revealed in a tweet on Dec. 31, 2024, that when she entered into the XRP market, $100 was able to procure 400 XRP. This was because XRP traded at a meager price of $0.25. 

She then pointed out that now, $100 can only purchase about 44 XRP and this figure could reduce to 1 XRP in the future. Notably, if $100 procured 1 XRP, this indicates that XRP trades for $100.

However, Jones noted the importance of context, urging listeners not to jump to conclusions based solely on headlines, which she says implied that she was expecting the $100 price to materialize soon. “Make sure you look into the story and see if that’s what the story is really saying,” she advised. 

The Market is Still Early

With XRP currently trading for around $2.20 amid a broader market pullback, Jones has continued to express optimism about its long-term potential, citing ongoing developments in the crypto regulatory landscape. 

“We’re still very, very early in this cycle,” she remarked, suggesting that despite recent price increases, significant growth opportunities may still lie ahead. This entails that the $100 price for XRP could occur in years to come, but there is no specific timeframe.

In her commentary, she referenced Bitcoin as a precedent for understanding the crypto market. Jones noted its historical price fluctuations and long-term growth trajectory. She drew parallels to Bitcoin’s evolution from mere cents to its current highs, suggesting that similar patterns could occur in XRP’s future.

Furthermore, Jones highlighted recent governmental shifts towards crypto-friendly policies, citing July 2019 statements from former Treasury Secretary Steven Mnuchin regarding a level financial playing field, a concept that Ripple CEO Brad Garlinghouse has repeatedly advocated.

She stressed that regulatory advancements could positively impact crypto assets like XRP, and this is likely to position them as viable alternatives in the global financial scene.

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