Ripple’s (XRP), despite 2024 being half over, has not yet shown any significant price movement. It is fighting hard to hold its ground against an intensely bearish market, but it is holding steady. The token currently trades at $0.4043, reflecting the current bearish mood of the market. While Bitcoin dropped to $54K in price, many altcoins have been struggling to rise and trying to reach new lows.
Despite this bearish trend, XRP will be welcoming a whole new set of partnerships that could help to push the price to new heights.
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The Year 2025 for XRP
Ripple was always known as a cryptocurrency which has set its price at a pace of its own. It is not fazed at all by the market volatility it encounters, and has a strong crypto community that stands behind it. The token remains one of the top trending tokens despite a long-running battle with the US Securities and Exchange Commission.
The technical indicators point to XRP reaching $1 before July’s end. Ripple’s robustness is a result of partial victories in the case it filed with US SEC. Several analysts are already predicting that XRP will reach $2 by 2025. This is largely due to the long list of new collaborations it has set up for its firm.
Brett Hill, a notable analyst at Ripple, says that the company has forged new collaborations across all sectors with banks to enable XRP to dominate new use cases and new industries.
These subtle changes could catapult XRP’s price to new highs, as Ripple works on launching their stablecoin. XRP lovers are clamoring to get the Ripple ETF launched soon. Monica Long was bullish about this prediction as well, adding that a Ripple ETF would make sense given the massive popularity of the token.
“About ETFs, I think it would be very sensible for someone to launch an XRP ETF. As XRP has been trading within the top 10 for how long, maybe its entire life? And on top exchanges like Coinbase and Kraken. It’s certainly in the top 5 of daily volume.”
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How high can Ripple trade in 2025?
Ripple’s price may be impacted by a new wave of positive developments. The price ranges are based on the per CoinpediaThe token could end 2024 on a high note, claiming $1.60.
“If the buyers successfully counter the prevailing selling pressure, Ripple could significantly recover, enhancing the likelihood of a breakout. A pivotal moment will be the breach of the $1 mark. Surpassing this level could substantially increase the probability of the price reaching the $2.23 potential high. Conversely, if the bearish trend persists and the price falls below $1.60, it may signal a prolonged breakdown phase.”
The portal believes that XRP could reach a record high of $3 in 2025, exceeding the expectations of the community. The token is likely to average around $2.
“XRP price prediction for 2025 sets the high at $3.38 and creates a new all-time high. However, in case of a global crisis, the XRP price might rest at $2.47, making an average of $2.925.”
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Source: watcher.guru
