XRP: token in good shape of the moment
Among the biggest cryptocurrencies in the world, some have done well. We think in particular of Ripple's XRP on the side of large market capitalizations. Indeed, the asset is the one which benefits from the greatest increase within the top 10 crypto.
The price rise has been impressive, with a gain of 180% since January 1 and 229% over the last month. As a result of all this upside, the coin has revalued sharply, reaching a maximum trading price in 2024 at $1.76. As the market woke up again on Friday, November 29, XRP was once again one of the best news of the day.
For all these reasons, as investors increase their stocks of XRP, analysts are projecting price targets for the rest of the year and the year 2025 to come. This, with one goal in mind: the 2018 ATH set at $3.84.
For RLinda, XRP would be ready for a bullish breakout. Installed within its bullish channel, the token could take off in order to reach $2 first.
This is what could be expected from the Ripple token by the end of the year.
Increasingly bullish predictions
Looking ahead to 2025, other elements should come into play in order to reach a new ATH. In the best case scenario, some analysts believe that after $2, $10 would be a possibility.
From a media-legal point of view, everything is better for XRP, since the latter is finally free of the SEC, and will be able to fully benefit from its more than likely future crypto ETFs. An approval of XRP ETFs could of course produce very good results, with movement around them undoubtedly.
However, it will also be necessary to make a big effort on the market capitalization side. If at the moment, doubling the value hasn't been that costly, it could be much more difficult now. Close to 100 billion market cap, Ripple's token should exceed 200 billion market cap to get closer to its old ATH.
Moral of the story: after effort comes comfort, but it will take additional effort for additional comfort.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
