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During his participation at the World Economic Forum in Davos, Switzerland, Brad Garlinghouse, CEO of Ripple, predicted that the digital currency market will see new historical peaks this year. “I’m very optimistic, and I’ll say it publicly: I think we’ll always see,” he told CNBC.
Analysts believe that this vision is in line with the expectations of the price of XRP, at a time when it is trading near $ 1.90 amid indications of increased institutional support that could push it to $ 5 in 2026.
Ripple’s CEO says institutional demand is enough to push XRP to new heights
Garlinghouse said he believes this is the right time to use cryptocurrency and blockchain technology to provide access to financial services in a global, scalable, and highly relevant way.
He added that The interest of major financial institutions in cryptocurrencies is considered a “big change.” “I don’t think this is bought into the cryptocurrency market as much as I expect it to be right now.”
XRP, Ripple’s cryptocurrency, has been one of the most notable acts in the crypto currency increase this month after achieving gains of more than 20% before falling recently to $1.90 at the time of writing.
Ripple has positioned the token as a legitimate alternative to organizations that are under intense scrutiny for dollar-linked financial transactions.
Recently, trading of Ripple’s USD-backed stablecoin RLUSD was launched on Binance, expanding the token’s reach on the world’s largest digital trading platform.
The listing represents a significant portion of the RLUSD coin offering and reflects Ripple’s willingness to make the stablecoin a focused payment and blockchain infrastructure.
words Analyst ChartNerd says that XRP has already broken out of the top bearish trend, accompanied by a strong RSI divergence.
Now, it is trying to test the upper pressure line of the RSI and break out of its edge, which will lead to a recovery of $2.50 and look for a new high around $5.00.
XRP Price Forecast: The weekly chart shows a confirmed test of the support level at $2.00.
The weekly chart of the XRP/USDT pair shows the market in a correction phase after a strong driving rally, with the price now hovering around key areas.
XRP continues to respect the support level of $ 2.00, which has repeatedly taken the pressure of trading and became the basis of short-term stability.
However, the broader trend remains down from the July peak and horizontal resistance is felt near $3.00, which previously indicated rapid distribution and profit taking.
Momentum indicators confirm this caution. The Relative Strength Index (RSI) is moving in the mid-40s and is moving downwards, showing weakness and confirming the bearish divergence that has formed near the sector.
This means that more efforts will still be difficult to resist unless the power increases significantly.
Price action is also below the main Fibonacci retracement levels between approximately $2.80 and $3.25 – an area that now represents a rich area where traders should resume and rallies.
If XRP maintains its stability above this level, the price will continue to consolidate with a slight bias, and may try to slide towards the lower mid-$2 level.
Maxi Doge’s pre-sale fund raised $4.5 million in preparation for the XRP price rally
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A note XRP Price Forecast: Ripple CEO at Davos Predicts New Bigs This Year – Will XRP Reach $5? appeared for the first time Cryptonews Arabic.
