XRP Price Forecasts: Token Exceeds $3 as Analysts Set Price Targets of $8-$30
TLDR
XRP is currently trading at $3.10 (January 2025), showing a year-on-year growth of 459%. Analyst Mikybull Crypto predicts a price target of $8 based on current bullish fundamentals. The pro-crypto stance of the Trump administration may potentially influence a positive outlook for XRP. There are currently five XRP ETF applications pending with the SEC. Multiple analysts project higher price targets, including CasiTrades ($3.80), CryptoBall ($13-20), and XBT Liquidators ($27-30).
XRP’s price continues to rise in early 2025, reaching $3.10 as of January 21, which is a 6% daily increase and approaching its all-time high of $3.40 set in January 2018. The cryptocurrency has shown strong momentum with a 19.6% surge over the past week and a 459% increase year-over-year.
Trading volume remains robust, with 24-hour activity reaching $14.92 billion. The current market capitalization is $178.44 billion, supported by a circulating supply of 57.56 billion tokens out of a total supply of nearly 100 billion.
Several cryptocurrency analysts have shared their price predictions for XRP in the current market cycle. Analyst Mikybull Crypto suggests that XRP could reach $8, citing current bullish fundamentals. The analyst indicates that this target might not represent the cycle top, suggesting potential for further upside. Technical analyst CasiTrades points to a more immediate target of $3.80, noting that XRP has already hit a major wave 4 target at $2.88. According to CasiTrades, the focus now shifts to converting local resistance levels into support before attempting to reach the wave 5 target of $3.80.
The cryptocurrency has tested the $3.24 level multiple times but faced rejection. CasiTrades suggests that consolidation between $3.24 and $3.33 might occur before a potential breakout, emphasizing the need for a new high to confirm the $3.80 target.
Other analysts have projected even higher prices. CryptoBall, posting on social media platform X, forecasts a price of $13 in the near term, with the potential to exceed $20 during the current bull cycle. This prediction relies on Elliott Wave Theory analysis, suggesting significant price increases following a breakout. XBT Liquidators presents the most optimistic outlook, projecting a price range of $27-30 based on high time frame Gann fans analysis, which examines cyclical movements between key support and resistance levels.
The regulatory environment for XRP appears to be increasingly favorable. In July 2023, a federal judge ruled that XRP is not a security when sold to retail investors on exchanges, though sales to institutional investors were classified as unregistered securities transactions. The current U.S. administration’s stance on cryptocurrency regulation has attracted market attention, with reports indicating openness to establishing a U.S.-based coins strategic reserve that could include XRP, potentially expanding its adoption.
Interest in XRP-based investment products is growing. REX Shares recently submitted an application for an XRP ETF, bringing the total number of pending applications to five. The increasing number of traditional finance firms seeking to offer XRP investment products suggests growing institutional interest.
The legal landscape for Ripple, XRP’s parent company, shows signs of improvement. Market observers note the possibility that the SEC might drop its appeal against Ripple, which could remove a key source of uncertainty that has historically impacted XRP’s price movement.
The RSI (Relative Strength Index) currently sits at 48, indicating neutral market conditions. This technical indicator suggests room for movement in either direction without showing overbought or oversold conditions.
Trading data reveals XRP’s price evolution since its inception. From its lowest recorded value of $0.002686 on May 22, 2014, to its current level above $3, the cryptocurrency has shown substantial price appreciation over its history.
The current circulating supply creates a market cap to fully diluted valuation (FDV) ratio of 0.58, indicating that more than half of the total possible supply is already in circulation. The fully diluted valuation currently stands at $309.94 billion.
Recent monthly performance metrics show that XRP has gained 36.9% over the past 30 days, maintaining steady upward momentum in early 2025.
