XRP, the sixth-largest cryptocurrency by market cap, is predicted to hit $7, a 1,246% upsurge, by 2025.
The prediction was recently shared on X by Ben McClymans, a regular crypto analyst. As speculated by McClymans, XRP would hit the price target during the expected bull run of 2025.
Read Also: XRP Address Activity Soars to New Levels as It Achieves First Break Away in 9 Months
After barely a week, BenMcClymans has put forward an updated price target for the same 2025 bull season. However, the latest projection came with more conservative price targets, which says a lot about the crypto market instabilities.
The crypto market analyst’s newest price analysis projected the Bitcoin (BTC) price to hit $155,000, $20,000 less than the earlier predicted $175,000 price target.
Ethereum (ETH), formerly projected to hit a $10,000 price mark, saw a $2,000 deduction in BenMcClymans’ latest price forecast.
As for XRP, the analyst updated its price projection to $7 from $8. Other cryptocurrencies highlighted in the expert’s price projections followed a similar pattern of declines, which could invariably be linked to Bitcoin (BTC).
Being the biggest crypto asset by market capitalization, it is common knowledge that its price movements will always impact the global crypto market price actions.
According to XRP data on CoinGecko, its price is changing hands at about $0.52, reflecting a 2% price upswing in the last 24 hours.
XRP’s price trajectory since the onset of January 2024 appears to be printing a downward slope. Surprisingly, the approval of Bitcoin’s spot Exchange Traded Funds (ETFs) in mid-January failed to impact crypto asset prices as assumed, and attention seemed to drift towards the Bitcoin (BTC) halving event scheduled for April.
Read Also: Here’s the Updated Timeline For Shiba Inu (SHIB) To Reach $0.01
While there is no guarantee that the Bitcoin halving event will propel digital asset prices forward, sentiment revolving around the event has always been positive. According to CoinMarketCap countdown, the highly anticipated halving event will happen in 65 days. It is left to see how XRP and other crypto assets’ prices will respond to the anticipated event.
Meanwhile, this is not the first time XRP has been projected to reach $7. Egrag Crypto, a renowned market analyst, also projected a similar price target.
Also, in one of our previous reports, Bard, Google’s artificial intelligence (AI) chatbot, stated that XRP to $7 appears tricky and might play out five to seven years from now.
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