Chainlink price is showing fresh bullish momentum amid a market trend that remains largely sideways. Currently, LINK is forming an ascending triangle pattern, indicating a potential breakout. Investors are anticipating further gains as speculation rises about what Chainlink price would be if it matched XRP’s $144 billion market cap. Here’s Chainlink Price If It Hits XRP’s Market Cap Chainlink price has the potential to surge significantly if it matches XRP’s current market capitalization. At present, Chainlink holds a market cap of $17.7 billion, placing it at 12th on the CoinMarketCap ranking. Meanwhile, XRP’s market capitalization stands at $144 billion, positioning it third on the list after a 5% surge in the last 24 hours. The difference highlights that XRP’s market cap is approximately 712% larger than Chainlink’s, showcasing a vast gap between the two assets. For LINK to achieve XRP’s market cap of $144 billion, it would require an approximate 8x to 9x increase in its valuation. At LINK’s current price of $28, this means it would need to rally 720% to reach a price target of around $230. Using the circulating supply of about 626 million tokens, this analysis is in tune with this expectation. Despite this forecast being a rather bold step, it makes sense when considering the inclusion of LINK in Donald Trump’s portfolio, rumors about a partnership with BlackRock and other fundamental developments surrounding Chainlink, crypto’s oracle. The below tweet explains how Chainlink is the only crypto company that is partnering with not one but many institutional companies like DTDC, Fidelity, Swift and so on. $LINK is the only project collaborating with the biggest financial institutions on the planet Study it before the train leaves the station pic.twitter.com/P2s63QPB3A — Quinten | 048.eth (@QuintenFrancois) December 17, 2024 LINK Technical Analysis The latest price of LINK was $28.21, as of Tuesday during the European trading session and has dipped 3.63% since then. In the past week, Chainlink has risen by 22% and, looking at the past month, the coin has increased by 95%. It follows the wider cryptocurrency market, with Bitcoin hitting an ATH of $107,000 recently. This has boosted investors confidence, leading other major altcoins such as Ripple’s XRP, and Chainlink (LINK) to rise. The LINK price faces strong resistance at $30 as bulls and bears battle for control. If the bullish momentum persists, LINK price prediction could rally toward $40 in the short term. A sustained breakout above $40 might even push the token toward $52, reclaiming its all-time high last seen four years ago. However, if sellers overpower buyers, the price could reverse and test support near $20. The MACD indicator shows a slowing bullish trend as the blue line hovers slightly above the signal line. The histogram, though positive, reveals shrinking bars, hinting at reduced buying pressure. The Chaikin Money Flow (CMF) stands at 0.07, indicating modest inflows of capital into LINK. Chainlink price chart: TradingView If Chainlink reaches XRP’s $144 billion market cap, its price could surge to $230. While ambitious, current bullish momentum and market trends signal growing investor confidence in LINK’s future. The post Chainlink Price if LINK Hits XRP’s $144 Billion Market Cap appeared first on CoinGape .
