XRP has maintained its impressive rally despite a recent dip, with analysts eyeing a potential price range of $5-$10 by 2025.
After seeing an explosive 400% monthly growth, market sentiment has cooled, but many experts are still optimistic about XRP’s future performance. Santiment notes that the reduced FOMO, a sign of market stability, could set the stage for further gains without excessive hype.
📊 With altcoins not slowing down on their historic runs yet, the euphoria from a week ago is showing trader fatigue. Even with crypto mainstays like XRP (+444%), Cardano (+280%), and Stellar (+512%) all having historic 30-day stretches, it appears that retail traders have grown… pic.twitter.com/A6Mae1z7i8
— Santiment (@santimentfeed) December 3, 2024
Currently priced at around $2.60, XRP’s recent slip below $2.40 hasn’t diminished its strength, especially as it remains above its previous cycle high of $2. Some analysts, including Jacob Canfield, foresee XRP reaching $6.60, driven by FOMO and market enthusiasm in 2025. However, Canfield suggests that double-digit figures remain unlikely at this stage.
Optimism is also shared by Arthur Azizov, CEO of B2BINPAY, who expects XRP to climb to $5-$7 in 2025, citing the potential for a pro-crypto SEC chair and the approval of XRP ETFs. With major financial players filing ETF applications, such as WisdomTree, the approval of these ETFs could significantly impact XRP’s value in the coming years.
[reaedmore id=”143923″]In addition to these factors, XRP’s supply dynamics are also noteworthy. Data from Upbit reveals a decline in XRP holdings, with the exchange reserve dropping by nearly $1.35 billion. This suggests that holders may be positioning for another surge, potentially driven by the approval of XRP ETFs. How the SEC’s stance on these applications will influence the market remains a key factor in XRP’s short-term and long-term price movement.
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XRP (XRP) has gone down by 4.3% in the past 24 hours and currently sits at $2.45 as the market has taken a breather after days of rallying. Trading volumes have retreated a bit but they are still above the 14-day average as participation rates have increased. Open interest in XRP futures has been trending […]
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