Analyst Predicts XRP Price Could Reach $9.5 and $37.5 in 2025
Crypto analyst Egrag Crypto predicts that XRP could reach price targets between $9.5 and $37.5 based on historical cycles.
XRP Price Projections
- Egrag Crypto cites historical trends where XRP rises above the Exponential Moving Average (EMA) and retests it.
- Cycle 1 saw a 2,000% gain, while Cycle 2 was a 455% surge from the retest point.
- Applying these percentages to the current cycle suggests potential targets of $9.5 (455% increase) or $37.5 (2,000% increase).
- Analyst anticipates these levels could be reached by September 1 this year.
Current Market Analysis
Another analyst, CasiTrades, indicates a breakout is in progress for XRP, with a focus on the $2.25 level after reclaiming $2.07. This level aligns with macro .382 resistance.
- CasiTrades observes increasing momentum due to Ripple's decision to withdraw its SEC cross-appeal.
- Two short-term scenarios are noted: a move to $2.30 followed by a pullback to $2.25, or a push to $2.45 near $2.69 resistance.
- Current XRP price is approximately $2.19, showing an upward trend over the past 24 hours.
