Cryptocurrency market analysts predicted XRP price in 2025, with the second phase of the bull market looming, especially as Solana reaches $600.
Due to the upcoming US presidential election and the recent momentum in Bitcoin prices, several experts are predicting another bull market for cryptocurrencies in 2025.
XRP price in 2025 if Solana reaches $600
One such expert, Wall Street Bull, predicts that the price target for top assets, including Solana, could rise 119.5% to 229.25% and reach $400 to $600. At the same time, he expects XRP to see significant gains if the market follows these bullish trends.
According to The Wallstreet Bull’s predictions, if favorable conditions continue, XRP could soar between $4 and $6, which could be an increase of 664% to 1,046% from the current price. corresponds to something.
Besides him, other analyzes predict a target price for XRP of $4 to $6. Despite the downturn following the SEC’s notice of appeal in the Ripple case earlier this month, analyst Bobby A suggested that XRP could still recover above $4.
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In particular, if XRP recovers like it did in 2021, it could rise to the $4 to $6 range. In a separate analysis, market watcher EGRAG also claimed that the worst-case scenario for XRP could actually translate to a price of $6.
XRP short-term momentum
Currently, XRP is showing signs of a modest recovery, but recent price movements indicate that it still faces challenges before gaining significant momentum.
As you can see on the daily chart, XRP’s recovery has lagged slightly compared to Bitcoin’s performance. The average directional index (ADX) is 16.91, indicating weak trend strength. This suggests that XRP’s recovery may lack the necessary momentum to break through higher resistance levels.
XRP 1D Chart
To trigger a stronger uptrend, XRP needs to first break through the pivot level at $0.5929. A break above this level could mark an important turning point and shift momentum to a bullish outlook.
Beyond the pivot, XRP will encounter three major resistance levels on its way to $1. The first resistance level is set at $0.68327. The next level, $0.75532, could pose a major barrier as XRP has not definitively broken out of this area this year.
Finally, XRP will encounter the last major resistance at $0.84564 before heading towards the $1 mark, below which it has been trading for almost three years. Beyond this psychological level, bullish sentiment may emerge again.
XRP, on the other hand, has two support levels. The first support at $0.52090, near the current price, could see some buying activity and could help maintain stability. If this level is broken, the next support will be at $0.43058.
Meanwhile, in addition to XRP, other notable assets also have ambitious goals set by Wall Street Bull. Bitcoin (BTC) is expected to reach between $120,000 and $150,000. Ethereum (ETH) could also be in the $8,000 to $10,000 price range.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
