There were few cryptocurrencies that entered 2025 with as much hype as Ripple. The company’s ongoing legal troubles were expected to be a thing of the past. However, it has since struggled with a market downturn that has seen a host of assets’ values plummet. Still, Ripple rebounded 4% to end the week; so is there still hope XRP can target $4?
The asset was largely expected to set a new $4 all-time high before 2025 came to a close. Yet, the state of the market has placed that expectation in jeopardy, with both the crypto and stock markets struggling. All hope is certainly not lost, as many experts are projecting a bullish market cycle to be nearing.
Also Read: XRP as America’s Strategic Asset? Ripple CEO’s Bold Move Explained
Ripple Still on Pace to Reach $4 in 2025?
With so much hype coming into the year, the crypto market has gotten off to a volatile start in 2025. In a regulatory sense, it has been an amazing two months for the industry. The United States has firmly embraced a policy shift, championing the asset’s potential.
Although prices are yet to follow suit, there is certainly still hope for a turnaround closing in. Among the assets that may benefit most is Ripple, which is looking to build on its 4% jump to end the week for XRP targeting a new recorded price of $4 before the year is through.
Also Read: Ripple Gains DFSA Approval: Crypto Payments Now Legal in UAE
The cryptocurrency jumped to the $2.36 mark Friday, reversing what was a 1% drop over the prior seven days, according to CoinMarketCap. Moreover, the cryptocurrency was still up more than 250% from its position in March of last year.
So, just what should traders expect from XRP? Well, cryptocurrency price prediction platform CoinCodex is among the most bullish on the token. They forecast the best yet to come for the token as it approaches a critical time.
According to their analysts, XRP should target $4 before March is done. They project the asset to reach an all-time high of $4.04, indicating a 71% jump from where it stands now. That isn’t all, as they expect it to usurp that level before the year is through. Indeed, XRP is projected to reach a price of $4.24 just a month later, setting a new landmark price.
Credit: Source link