Crypto analyst CryptoInsightUK has suggested that XRP may experience a significant price surge, potentially reaching $35 by late 2025. This prediction is based on the continuation of a bullish trend observed in recent months.
XRP’s Performance in 2024
XRP, the fourth-largest cryptocurrency by market capitalization, has demonstrated remarkable growth in 2024 despite market uncertainties. The digital asset reached a multi-year high of $2.9 earlier this month after a decisive breakout in November. Over the past year, XRP has risen by over 250%, driven by strong investor confidence in its ecosystem.
Several macroeconomic factors have contributed to this optimism. These include the SEC’s regulatory reforms and political developments like Donald Trump’s election victory, which some analysts believe have positively impacted the broader cryptocurrency market.
Projections for 2025
CryptoInsightUK has revised his price targets for XRP based on recent market behavior. According to his analysis, the cryptocurrency is expected to see notable upward movements in the first and final quarters of 2025.
In a recent commentary, CryptoInsightUK forecasted that XRP could rise to $10 during the first quarter of 2025. He expects XRP to reach $35 by the end of the year provided current market trends continue. He attributed this outlook to adjustments in his 2017 overlay bar, which he aligned with XRP’s recent price breakout.
I have overlayed the 2017 bars pattern but also adjusted it to size in relation to our recent breakout.
If we continues following this pattern with this cycles % gains, we could see $10+ in Q1 and a moon boy blow of top to $35 ish in Q3/4 2025.
— Cryptoinsightuk (@Cryptoinsightuk) December 22, 2024
Risks to the Bullish Scenario
Not all analysts share the same optimism. Dom, another prominent market watcher, has highlighted risks that could disrupt XRP’s upward trajectory. He pointed out that the cryptocurrency has tested its $1.9 support level twice, which he believes has weakened its foundation.
Dom warned that Bitcoin’s inability to maintain a price above $95,000 could trigger a broader market downturn, pulling altcoins like XRP down. Should XRP lose the $1.9 support level, Dom predicts a steep decline to $1.6, citing the absence of a significant demand zone between these price points.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
He emphasized that a drop to $1.6 could undermine XRP’s bullish momentum and push it into uncertain territory. “The correction would be much larger,” Dom cautioned, signaling a potential end to the recent uptrend.
Key Levels to Watch
Despite the risks, Dom acknowledged that XRP could maintain its bullish position if it holds above its current price. He stated that a reclaim of $2.4 will be pivotal for the asset to pursue a new all-time high.
At the time of press, XRP is trading at $2.19, reflecting a 1.82% decline over the past 24 hours. According to Dom, achieving a $2.4 price level would signal renewed strength in XRP’s bullish case, potentially paving the way for further growth.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
