- Analysts projected a $5-$7 price target for XRP in 2025.
- Will FOMO and ETF approval fuel the projection?
As a seasoned analyst with over two decades of experience in the financial markets, I have witnessed bull and bear cycles unfold across various asset classes. In my view, XRP’s current trajectory is indeed intriguing, especially considering the projected $5-$10 price target for 2025 by some analysts.
Regardless of a minor decrease, Ripple (XRP) has maintained its impressive over-400% growth over the past month, and certain analysts continue to be optimistic, predicting a price range between $5 and $10 by 2025.
As reported by Santiment, the intense excitement surrounding the altcoin following its significant surge seems to be subsiding a bit. Given the present neutral stance towards the altcoin, it hints at possible future profits. According to their analysis, this is the current assessment from the blockchain analytics company.
The lack of response regarding the peak caps could indicate a positive sign that fear of missing out (FOMO) won’t disrupt any future ascents… for now, at least.
2025 targets for the alt
Looking ahead, I wonder just how much further this digital coin might drop. As I write this, its value stands at $2.6, having dipped below the $2.4 mark on the 3rd of December.
However, it surpassed its prior peak cycle value by more than $2, demonstrating robustness and hinting at potential further growth.
According to crypto expert Jacob Canfield, there’s a possibility that the value of this altcoin could reach $6.6 by the year 2025. This prediction is based on the fear of missing out (FOMO) within the market.
If this happens, the price might reach approximately $6.60, which is twice its former peak. This seems like a suitable point for FOMO (Fear Of Missing Out), making further gains in double digits unlikely and quite rational.
AMBCrypto posed a question to Arthur Azizov, the Chief Executive Officer of B2BINPAY, a comprehensive crypto solution designed for businesses, concerning XRP’s projected goals for the year 2025.
According to Azizov’s statement to AMBCrypto, he anticipates that the value of the altcoin could potentially reach between $5 and $7 by next year, based on the expectation of a favorable Securities and Exchange Commission (SEC) chair towards cryptocurrencies and the potential approval of an XRP Exchange Traded Fund (ETF).
Four major entities have recently applied for Exchange-Traded Funds (ETFs) based on XRP. Yesterday alone, WisdomTree submitted their application. Should the Securities and Exchange Commission’s (SEC) regulations become more lenient, we might witness these ETFs debut as early as 2025.
He added,
It seems likely that XRP may reach its record peak by the end of this year, and during the initial part of 2025, there’s a possibility it could increase to between $5 and $7.
XRP supply remains low
So what’s the selling pressure, especially from Upbit, which had more XRP holdings than Binance?
Read Ripple [XRP] Price Prediction 2024-2025
Over the past month, Upbit’s reserve of tokens dropped from 6.67B to 6.15B. This indicates approximately $1.35B was taken out of Upbit, suggesting a positive sign for holders who anticipate another surge in value, possibly due to an upcoming XRP ETF approval.
How the price will react to the SEC decision on XRP ETF applications remains to be seen.
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2024-12-04 15:04