Ripple (XRP) is currently sitting at $3.47 as per CoinMarketCap’s latest XRP data. The token has surged 0.13% in the last 24 hours, driven by multiple factors, including the latest Bitwise ETF approval, which has been temporarily postponed, thereby blocking the token’s real-time progress. However, despite the sudden market changes, Ripple (XRP) is now gaining immense traction, as it continues to explore new horizons in the form of the OCC banking license that it had applied for to revolutionize the web3 banking genre. For Ripple, it’s either the moonshot or a terrible crash that could make or break the token’s future. What path will XRP eventually take in the near future? Let’s explore the possibilities.
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What Factors Can Help Ripple Hit $15 In The Near Future?
According to Flitpay’s XRP prediction, XRP may hit $15 by the end of 2025. The platform also predicts that the token can crash to $2 in the worst-case scenario.
These probabilities have been built on a combination of bullish and bearish factors that Ripple (XRP) may encounter by the end of this year. In terms of bullish developments, the US SEC can end up approving the XRP ETF narrative, which could signal a potential price surge for XRP. With the passing of the Genius Act, Ripple’s stablecoin launch could become a revolutionary new aspect. It gives XRP an edge over other cryptos. Both of these scenarios hint at massive XRP adoption. This could play a catalytic role in expanding XRP’s global presence.
Moreover, Ripple has also launched RLUSD, a stablecoin, a domain in which the US government has lately been showing keen interest.
The Token’s Bearish Markers
However, in an alternative scenario, the delays, hurdles, and regulatory blockages may continue to impact XRP, which may thwart its progress in the long run. In addition to this, elements such as strong sell pressure and community fatigue could be other bearish indicators that could take XRP down with them.
“Around 50% of the XRP token supply is locked in smart contracts. 1% of this supply is released monthly. It means that in the next 48 months, almost all XRP token supplies will be unlocked. It can cause high selling pressure for Ripple in the future”, Flitpay shared later.
In addition to this, the token needs a bullish overall crypto market momentum to surge higher. If the crypto market fails to support the token, then XRP price may ultimately plummet to $2 in the process.
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