Despite a recent minor decline, Ripple’s XRP maintains its impressive monthly gains of over 400%, with some experts expressing optimism for a price target ranging between $5 and $10 by 2025.
As per insights from Santiment, the fear of missing out (FOMO) has somewhat subsided following the altcoin’s significant surge, and the current neutral sentiment towards the altcoin hints at possible future gains. The blockchain analytics company remarked,
“The lack of hype surrounding these leading cryptocurrencies is a positive indication that FOMO may not disrupt any further upward movements… at least for now.”
Predicted Levels for 2025
But how high could the price climb from its current position? At the time of this writing, XRP was trading at $2.6 after briefly dropping below $2.4 on the 3rd of December.
Despite this dip, the coin managed to stay above its previous peak of $2, showcasing resilience and the potential for further growth.
Analyst Jacob Canfield suggested that the altcoin could reach $6.6, primarily driven by market FOMO, by 2025. Canfield stated,
“This would see the price reach $6.60, exactly double its prior peak. I believe this represents a favorable FOMO target, and I am reluctant to entertain the idea of reaching double-digit figures or beyond, which seems highly plausible.”
CryptoCrypto interviewed Arthur Azizov, the CEO of B2BINPAY, a comprehensive crypto ecosystem for businesses, regarding the potential price targets for XRP in 2025.
Azizov stated to CryptoCrypto that the altcoin could surge to $5-$7 over the next year, citing the probable appointment of a pro-crypto SEC chair and the approval of an XRP ETF. Azizov expressed,
“Four major players have initiated the process for XRP ETFs, and recently WisdomTree put forth its application. In the event of relaxed SEC regulations, the launch of these ETFs by 2025 is feasible.
He further commented,
“I anticipate that XRP stands a solid chance of reaching its all-time peak by the conclusion of this year, and in the initial half of 2025, it could potentially climb to the range of $5-$7.”
Scarcity Still a Factor for XRP
What about the selling pressure, particularly from Upbit, which had a larger XRP inventory in comparison to Binance?
Over the last month, Upbit’s exchange reserve dropped from 6.67B to 6.15B tokens, indicating the withdrawal of nearly $1.35B from the platform. This signifies bullish sentiment among holders who anticipate another rally, potentially related to the approval of an XRP ETF.
The market’s reaction to the SEC’s verdict on XRP ETF applications remains uncertain.