As Ripple Eyes $5 Trillion Market, Unexpected XRP Parabola Could See Price Rocketing to $22
XRP has continuously displayed bullish signals; market analysts predict the coin will rise to $22 in early 2025, almost 784% from the current price.
Such a projection follows when XRP surged by almost 500% from mid-November to early December 2024 to as high as $2.87 before reversing.
At the time of writing this article, XRP is at $2.4, 20.5% lower this year following Ripples launch of the RLUSD stablecoin.
According to the analyst on X, the structure of the assets market is solid, and the fluctuation of XRPs price is part of a normal correction cycle.
The analyst predicts XRP will trade at $22 within the first quarter of 2025, with an overall gain of 784% from its current price.
According to the analyst, the prediction is based on technical analysis and examination of historical market trends, concluding that XRP is just in the early stages of a much bigger cycle.
The market price of XRP continues to be affected by a legal battle involving Ripple and the SEC and has been stagnant for almost a decade.
Thus, experts suggest that if the appeal to the SEC is held in favor of Ripple, the value of the crypto is likely to increase dramatically.
Other analysts are also showing optimism about XRPs future. Popular cryptocurrency trader DonAlt, who predicted XRPs November rally, believes XRP could double again if it breaks through the $2.60 resistance level.
XRP has been stuck between $2.20 and $2.60 since early December, but DonAlt sees a potential breakout above $2.60 as the trigger for a new bullish trend.
EGRAG, another analyst, highlights XRPs potential to increase its market dominance to 5.9% or even 6%. If Ripples XRP achieves its $5 trillion market cap forecast, XRPs price could rise to between $8.77 and $17.54.
XRPs market dominance is currently at 2.09%, with the coin now just 37.3% away from its all-time high recorded seven years ago.
With Ripples RLUSD launch and upcoming IPO, the stage seems set for further growth. If XRP breaks key resistance levels and its legal battle with the SEC concludes favorably, the cryptos bullish trend could continue.
Text source: ZyCrypto
