The price of XRP has skyrocketed in the last month, increasing fivefold. This surge has made XRP the third largest cryptocurrency by market cap. Analysts are now predicting that XRP could reach a new peak next year, as it inches closer to its all-time high from 2018.
Currently, XRP holds a market value of $144 billion, placing it right behind Bitcoin and Ether.
Arthur Azizov, the CEO of B2BInPay, a crypto payment provider, believes XRP will break its previous record of $3.4 before the year ends. He suggests that the token might trade between $5 and $7 in the first half of 2025.
This positive outlook is shared by other experts. They point to several key factors driving this rally. For instance, the potential election of Donald Trump and the expected resignation of SEC Chair Gary Gensler are seen as signs of more crypto-friendly regulations. There’s also a growing interest in altcoins and the possibility of an XRP exchange-traded fund (ETF) being launched.
However, XRP has struggled to break the $1 barrier for the past three years. This struggle stems from the prolonged crypto winter and an ongoing legal battle with the SEC. The regulator sued Ripple Labs and some of its leaders in 2020, claiming the company conducted an unregistered securities offering. This case is still unresolved.
Azizov noted that the 900-day accumulation period could lay the groundwork for a major price rally. He explained, “Such prolonged accumulation periods often serve as the foundation for explosive rallies.”
Veteran trader Peter Brandt also sees a significant price increase for XRP in 2025. He updated his previous analysis to show that XRP has broken out of a “massive coil” during its recent price spike. A coil describes when an asset trades sideways in a narrow range for a long time.
Raoul Pal, CEO of Global Macro Investor, described XRP’s price chart as “good-looking” in a recent post on X. He coined the term “banana zone” to describe when an asset is ready for a big price jump.
Despite this optimism, some concerns remain. Skeptics argue that the current surge doesn’t resemble a typical market rally. They worry it looks more like a pump-and-dump scheme. They point out that XRP’s market size is at a peak, while the price still lags behind its seven-year all-time high. This is due to the inflation of XRP’s supply over the years, caused by multiple token unlocks by Ripple.
Still, supporters of XRP believe that fundamental market factors are driving its price. Azizov mentioned, “There’s a lot of talk about major companies looking to launch XRP ETFs, with big players like WisdomTree filing just yesterday. If SEC regulations ease, we could see these ETFs roll out by 2025, which could also open the door for an IPO.”