XRP (XRP) may enter a revaluation phase faster than expected, with analyst Chad Steingraber predicting that the price could rise from $2 to $10 in less than a year.

Key Points:

The XRP ETF has absorbed over 506 million XRP in a month, supporting the $10 price expectation.

Two major chart patterns point to an upward target of $14-15.

Steingraber's prediction comes after the new Ripple exchange-traded fund (ETF) launched in November received strong early interest.

According to SoSoValue data, these investment products have absorbed over $944 million in Ripple since their launch on November 13. This means the ETF currently holds about 0.74% of all circulating Ripple, which is quite substantial for a fund that has been established for less than a month.

The analyst also pointed out XRP's role in the newly launched Bitwise Crypto 10 Fund ETF (BITW). The fund opened on Tuesday with assets exceeding $1.25 billion, with XRP making up 5% of its portfolio.

“As a best guess (since Bitwise has not yet disclosed exact numbers), the Bitwise Index 10 holds approximately 30,718,290 XRP as of today,” Steingraber stated in a post on X on Wednesday, adding:

Given that Bitcoin doubled in value within two years after its U.S. ETF debut, Steingraber believes Ripple still has room to catch up. If ETF funds continue to accumulate, the token could accelerate towards the $10 mark by 2026, representing an increase of about 400%.

From a technical perspective, XRP's charts also align with Steingraber's bullish argument.

On the two-week chart, the token has entered the breakout phase of its multi-month symmetrical triangle, a pattern that typically appears after a long consolidation phase and often signals a strong trend continuation.

The breakout above the triangle's upper trend line indicates that buyers are regaining control, and the measured move of the structure points to $14-15 in the coming months.

The second setup reinforces the same target range. On higher time frames, XRP appears to have formed a bull flag, a classic continuation pattern that usually occurs after a strong initial rise and is accompanied by a downward-sloping consolidation channel.

If XRP confirms a breakout above the flag resistance, the projected move of the structure also points to the $14-15 area, consistent with the triangle's target.

Related: Bitcoin (BTC) year-end surge towards $100,000 largely depends on the outcome of the Federal Reserve's policy shift.

Original: “Analyst: Ripple (XRP) price may grow from $2 to $10 in less than a year”

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