- XRP climbs 6.8% in 24 hours, reaching $3.47 amid soaring trading volume.
- Analysts eye macro target zones of $15 and beyond, citing wave cycle progress.\
- Predictions for 2025 range from $2.79 to $7.59, reflecting market uncertainty.
Ripple’s XRP token is currently trading at $3.47, reflecting a 6.8% gain in the past 24 hours. This continues a powerful rally over the past week, with the asset appreciating by more than 32%. Accompanying this price surge is a sharp increase in trading activity, a 69.58% jump, pushing the daily trading volume to an impressive $22.93 billion.
Such numbers reflect greater investor attention and possible institutional purchases, typical of which is continued bullish sentiment for the cryptocurrency market. XRP’s steady price for the past week is reflective of market confidence growing, perhaps due to positive sentiment and long-term technical setups.
Elliott Wave Theory Supports XRP’s Bullish Path
Renowned crypto market analyst Hov has reaffirmed his macro outlook for XRP, drawing attention to an earlier forecast made in January. At that time, Hov projected a corrective dip to the $1.80 level, an event that materialized precisely, forming what he identifies as the Wave 4 retracement in Elliott Wave Theory.
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“We did exactly that,” Hov explained, noting that XRP is now over 100% higher since that fateful day. His current forecast is for a macro end destination in the area of $15, but there is even the potential for an even better breakout based on longer term wave patterns. “Crypto loves longer 5th waves,” said Hov, who also noted that there is the potential for a bull run to the area of $30, but for now, that is purely speculative.
Hov’s analysis reflects a larger sentiment shift, with seasoned traders now treating XRP as a long-term growth asset rather than a speculative short-term play.
XRP 2025 Forecasts Show Diverging Views
While short-term sentiment has heartened investors, XRP’s 2025 forecast reflects vast disparities between estimates. DigitalCoinPrice remains bullish for its long term, forecasting an increase above $3.84 and an end-of-the-year price of between $7.30 and $7.59. This would equate to an incredible breakout violation above its all-time high.
Changelly has a more measured perspective. For an average 2025 price, they place their estimate at $3.60, bracketed by $1.98 and $2.79. For July 2025 alone, estimates converge on an estimate of $3.22, allowing for a modest return on investment of 10%.
Despite diverging projections, consensus suggests Ripples current trend positions it for notable moves, as institutional and retail interest continues to build in tandem.
Also Read | XRP Breaks Above $3.36 With Strong Volume Surge, Eyes $3.82 and $4.20 Next
