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Expert Predicts XRP Price for 2025 if Solana Touches $600

source-logo  thecryptobasic.com 29 October 2024 01:06, UTC

A crypto market analyst has predicted XRP price for 2025, as the second phase of the bull run looms, especially with Solana reaching $600.

With the upcoming U.S. presidential elections and recent momentum in Bitcoin prices, multiple experts foresee another major bull rally phase for cryptocurrencies in 2025.

XRP Price in 2025 if Solana Hits $600

One such expert, The Wallstreet Bull, has projected strong price targets for top assets, including Solana potentially reaching $400 to $600, an increase of 119.5% to 229.25%. In the same breath, he expects XRP to see substantial gains if the market moves with these bullish trends.

According to The Wallstreet Bull’s projections, XRP might soar between $4 and $6 if positive conditions persist, equating to a potential 664% to 1,046% increase from its current price.

Besides him, other analyses have projected targets from $4 to $6 for XRP. Despite the slump following the SEC’s appeal notice in the Ripple case earlier this month, analyst Bobby A suggested that XRP could still recover to cross $4.

Notably, if XRP recovers as in 2021, it could rally to a range of $4 to $6. In a separate analysis, market watcher EGRAG also argued that XRP’s worst case scenario could actually translate to a price of $6.

XRP Short-Term Momentum

Currently, XRP is showing signs of a mild recovery, though its recent price movements indicate that it’s still facing challenges in gaining substantial momentum.

As seen on the daily chart, XRP’s recovery lags slightly compared to Bitcoin’s performance. The Average Directional Index (ADX) stands at 16.91, signaling weak trend strength. This suggests that XRP’s recovery could lack the push needed to break higher resistance levels.

XRP 1D Chart

To trigger a stronger uptrend, XRP would first need to breach its Pivot level at $0.5929. Surpassing this level could mark a significant turning point, potentially shifting momentum to a bullish outlook.

Beyond the Pivot, XRP encounters three major resistance levels on the path to $1. The first resistance is set at $0.68327. The next level at $0.75532 could serve as a major barrier, as XRP has not decisively broken past this area this year.

Finally, at $0.84564, XRP would encounter its last substantial resistance before aiming for the $1 mark, which it has traded below for nearly three years. Surpassing this psychological level could lead to a renewal of bullish sentiments.

Meanwhile, XRP holds two support levels. The first support at $0.52090, close to the current price, is likely to see some buying activity, which may help maintain stability. If this level breaks, the next support is found at $0.43058.

Meanwhile, in addition to XRP, other notable assets also have ambitious targets set by The Wallstreet Bull. Bitcoin (BTC) is expected to reach between $120,000 and $150,000. Ethereum (ETH) could also see a run to price range of $8,000 to $10,000.

thecryptobasic.com