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Nansen names two catalysts for XRP price growth
The cryptocurrency issued by Ripple needs strong catalysts to move from a consolidation phase into a sustainable growth phase — without them, the asset risks remaining in a narrow price range, the expert believes.
“We assume that the second half of 2026 will create more constructive conditions for risk assets overall. For now, in the short term, we lean toward a bearish outlook for XRP and other altcoins until Bitcoin consolidates or forms a bottom,” said Jake Kennis.
According to him, XRP’s growth will depend, among other things, on market sentiment among retail traders and investors — however, corporate demand for the asset remains high months after the launch of exchange-traded funds (ETFs) in January.
For XRP, it is important to break above the $1.99 level and hold there. If this happens, the altcoin will confirm a break of the long-term downtrend, and the next strategic target for traders will be the $2.65 level, the Nansen analyst concluded.
Earlier, Teucrium CEO Sal Gilbertie said that Ripple, the company behind XRP, could become a competitor to the U.S. bank JPMorgan.
See also: "The Main Reason for the Rise in the Price of the Privacy Coin Zcash Has Been Named"
