Ripple’s XRP token is one of the most popular cryptocurrencies in the market. After a tumultuous August, the token has been back on the rise as the third quarter comes to an end, rising 12% over the last 30 days. As the token garners momentum in the final months of 2024, analysts are setting up their predictions for Ripple XRP in 2025. Among the bullish predictors, one analyst is suggesting a huge breakout for the asset next year.
Indeed, crypto analyst Egrag Crypto has updated his Ripple XRP price prediction for 2025. The analyst suggested that the asset could experience a significant price peak by next May due to past patterns. Egrag predicted a rally beginning in July 2024 based on Cycle B, which spanned around 1,186 days from peak to peak. However, the analyst has changed this outlook, turning to Cycle A, which more accurately reflects XRP’s current market movements. According to the analyst, Cycle ‘A’ took approximately 1,492 days from one peak to the next all-time high (ATH), suggesting that XRP’s next peak could occur in May 2025.
More Bullish Ripple XRP Predictions For 2025 Emerge
Source – Coinpedia
Another well-known crypto analyst, Amonyx, has predicted an even more significant breakout for XRP in 2025. Amonyx believes that based on a triangular pattern, XRP could explode to as high as $50 next year. The analyst anticipates a significant rally beyond the $1 mark once the digital asset breaks out of its current consolidation range.
In a recent post, Ripple Labs referred to 2025 as a breakthrough year for the company. September arrived with a plethora of new announcements from Ripple. Among them was the unveiling of Ethereum-compatible smart contracts to the ledger Indeed, the incoming year is set to be huge for the XRP Ledger. The ledger’s performance could have massive implications for the company’s native crypto.
Also Read: Ripple’s XRP or Cardano’s ADA: Which Will Reach $1 First?
With the latest announcements from Ripple in the Ledger and stablecoin department, the XPR asset will be one to watch over the coming months. Analysts are posting bold, bullish predictions around the asset, helping it pick up momentum. This is helpful for current holders who are holding long-term, as the asset has been down in the past week. At press time, XRP is trading at $0.5461. The rebound from a bearish August continues for Ripple’s native token, and according to many analysts and bulls, the $1 dream isn’t too far away now.