With the ongoing slide that hit the cryptocurrency sector this holiday season, traders have seen a host of assets take a step back. Yet, that hasn’t deterred the high expectations facing the industry for the coming year. Among them is Ripple, as analysts project XRP to reach a $4 all-time high, but when?
There are few cryptocurrencies that have more potential than Ripple entering the new year. Amid the 2024 presidential election win for Donald Trump, a revamped US Securities and Exchange Commission (SEC) has opened the window to a new era for the asset. Indeed, favorable regulation has the token set for massive gains over the next twelve months.
Also Read: Ripple Falls to $2.2: Why XRP Has 100% Gains Around The Corner
Ripple to Reach $4 in 2025: When XRP is Projected to Break New Ground
From a multitude of perspectives, 2024 has been a massive win for cryptocurrencies. The asset class has seen exposure reach massive heights. The arrival of two crypto-based ETFs has opened the floodgates for institutional investments. All of that propelled Bitcoin above the $100,000 mark for the first time in its history.
Despite a holiday slide for the asset class, there are still high hopes that the market is on the upswing entering the new year. Now, the cryptocurrency that has the highest potential looks to be Ripple, with experts projecting XRP to reach a $4 all-time high in 2025.
Also Read: Ripple Surges 258% in 2024: What to Expect From XRP Next Year
Over the last 30 days, XRP has increased more than 43%, according to CoinMarketCap. That boost was met with a slight decline during the Christmas season. The last seven days have seen Ripple drop 5% to its current price at the $2.13 level.
Now, the cryptocurrency price prediction platform, CoinCodex, has projected next year to be a monumental one for XRP. Specifically, analysts expect the token to reach a maximum price of $4.50 in March, setting an all-time mark.
That would mark a 109% increase from its currency position. That would indicate a yearly high for the asset and is likely a result of the ongoing ETF discussions for the token. In October of this year, Bitwise filed for an XRP exchange-traded product, calling the token “an enduring crypto asset that many investors want exposure to.”
Credit: Source link