Ripple’s XRP is gaining traction as crypto traders predict a potential price surge beyond $6 by 2025, fueled by bullish on-chain metrics and significant accumulations. Institutional and retail inflows have driven XRP past key resistance levels, sparking excitement among investors and analysts alike.
XRP Price Prediction for 2025
Crypto analyst Jacob Canfield recently shared his bullish outlook for XRP on X (formerly Twitter), using Fibonacci extensions to project a price target of $6.6. This forecast represents a doubling of XRP’s previous all-time high of $3.4, achieved in 2017. Despite facing weak market sentiment in recent years due to regulatory challenges, Canfield remains optimistic about XRP’s potential.
“The only difference between this $XRP move and those in the past is the price of Bitcoin is 5X higher than it was in 2017. Using Fibonacci extensions, we can project a target of $6.60, exactly 2X the previous high,” Canfield stated.
This price projection comes amid growing institutional interest, with large-scale buyers fueling a bullish narrative. Canfield believes that XRP’s momentum will attract more FOMO-driven purchases, further driving its value upwards.
Positive Regulatory Shifts
The XRP community, often referred to as the “XRP Army,” has responded positively to these projections, citing potential favorable regulatory developments in the United States. Ripple’s CEO has hinted that the resignation of SEC Chair Gary Gensler could pave the way for clearer crypto regulations, boosting investor confidence.
Current XRP Price Action
As of now, XRP trades at $2.41, reflecting a 4% dip from its recent highs. Despite this, weekly and monthly performance remains robust, with XRP’s market cap soaring past $140 billion. This milestone has positioned XRP as the third-largest cryptocurrency, surpassing USDT.
Recent institutional accumulation and increasing retail trading volume have played a pivotal role in XRP’s price movement. Additionally, XRP Ledger’s decision to lower its minimum wallet requirements from 10 XRP to 1 XRP—a 90% reduction—aims to attract smaller investors. This move lowers the entry barrier from $25.6 to $2.56, potentially driving further adoption and growth.
