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Seasoned analyst Ash Crypto predicts XRP could witness up to nine-fold price gains within the next year amid recent market gains and bullish sentiment.
On Monday, XRP posted a 4.3% gain, rallying from $0.5284 to $0.5511. This marks a fresh two-week high, recovering from the SEC-induced selling pressure in early October that had dragged its price down to $0.51.
As of Tuesday, XRP is correcting the Monday uptrend. It experienced a pullback that caused a retest of $0.5353, its current threshold at press time. Meanwhile, XRP’s temporary rally on Monday prompted some market commentators to issue bullish targets within the six-month to one-year timeframe.
XRP Price for Next 6 to 12 Months
Ash Crypto, an analyst with over a decade of experience, took to X on Monday to inform his 1.2 million followers of his projections for 13 top-ranking crypto assets, including XRP. He noted that he expects XRP to trade within the range of $3 to $5 by next year.
The lower end of this price forecast translates to a 460% gain or a 5X return on investment for today’s investors. Meanwhile, the higher boundary would represent a more substantial 834% appreciation from the current price.
Notably, Ash Crypto also projects a price range of $125,000 to $250,000 for Bitcoin within the same six- to twelve-month timeline. This implies that if Bitcoin establishes a peak at $250,000 by next year—representing a 3X gain from current levels—he anticipates XRP will also set a new record, as $5 would surpass XRP’s previous all-time high of $3.84.
While Ash Crypto expects XRP to reach $3 by at least March 2025, other market pundits have issued more immediate timelines for a similar price target.
Last month, crypto trader Myles G boldly stated that XRP would be worth $3 by Christmas on December 25. In more recent updates, he issued a buy alert on XRP, urging market participants to purchase the coin without worrying about setting stop-loss orders. He outlined profit-taking targets between $1.10 and $2.84 for the near term.
Other Crypto Assets Price Targets for Next 6 to 12 Months
Other prominent crypto tokens featured on Ash Crypto’s list include Ethereum, BNB, Solana, and Dogecoin. For Ethereum, he expects prices to reach up to $15,000 by next year, while for BNB, he projects a range of $900 to $1,400. As for Solana and Dogecoin, the analyst predicts peaks of $650 and $1, respectively.