NewsBTC
19 June 2025
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XRP Price Target Set at $8 Following SEC Ruling by Analyst

Investor interest in XRP is rising following analyst Crypto Beast’s prediction of a potential breakout to $8. With the US SEC no longer a hurdle, he believes XRP's regulatory status is not fully reflected in current market prices.

Regulatory Milestone And Market Reaction

  • In July 2023, a court ruled that XRP is not a security, leading to a price increase from approximately $0.48 to $0.93.
  • Subsequent price corrections brought XRP back to around $0.50 before it climbed to about $2.00 after political changes at the SEC.
  • Crypto Beast argues the legal victory has not been fully appreciated by investors.

Technical Pattern Points To Upside

  • Crypto Beast identifies a bull flag chart pattern, projecting a breakout level at $3.37.
  • From this, he estimates a potential target near $10.69 or a conservative floor of $8.80, representing significant gains from the current price around $2.20.
  • This scenario would elevate XRP's market cap to over $500 billion, comparable to major firms like Oracle and Mastercard.

Broader Crypto Trends And Correlation

  • Crypto Beast anticipates substantial gains across other cryptocurrencies: 3x for Solana, 2x for Ethereum, and 5x for SUI.
  • He notes that XRP's success could be contingent on overall market momentum, particularly influenced by Bitcoin's performance.

Risks And Exit Strategy

  • Crypto Beast plans to signal when to sell, emphasizing that market patterns can fail.
  • He recommends setting stop-loss levels and monitoring Bitcoin for market cues.
  • Despite confidence in XRP, he advises caution in the event of market volatility.