Prominent crypto analyst sparks excitement with bold forecasts for Ethereum and Ripple

Ethereum’s price is projected to surge past $3300, fueled by growing real-world asset tokenization and shrinking exchange reserves.

A prominent crypto analyst has sparked excitement with bold forecasts for Ethereum and Ripple. As reported by Benzinga, the analyst, known for accurate predictions in the past, sees Ethereum's price surging past $3,300 as growing real-world asset tokenization and shrinking exchange reserves fuel the rally.

Meanwhile, Ripple's XRP could reclaim $3.84 as adoption of its ledger protocol accelerates. However, attention is also shifting to Rexas Finance (RXS), a $0.20 token that is revolutionizing asset ownership through blockchain.

With its presale skyrocketing 6.6x and contributions exceeding $47.5 million, RXS is emerging as a contender to mirror—or surpass—these gains.

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Ethereum's Path To $3,300

The analyst highlighted the potential for Ethereum to reverse course as key metrics point toward a shift in momentum. The RWA sector, where Ethereum dominates with over 80% of activity, has exploded, showcasing a 850% surge in the past year.

This trend is evident with zkSync also facilitating a portion of RWA tokenization. As institutional interest in RWA tokens grows, platforms like Ethereum and zkSync are prime targets for integration.

Furthermore, the analyst noted a 14.7% decline in ETH reserves held on exchanges since late 2024. These shifts in institutional holdings suggest reduced selling pressure and stronger long-term conviction in Ethereum.

The analyst also pointed out that technical analysis shows ETH is eyeing the $2,768 resistance. A breach above the $3,014 level could trigger a rally toward the analyst's final price target of $3,300 for ETH.

Attention Shifts To Rexas As XRP Aims For $3.84

In the case of XRP, the analyst's forecasts indicate a potential return to the $3.84 level as early as 2025. This prediction follows a period of rapid price appreciation for XRP, which has seen a remarkable 1,000% surge from its 2023 lows.

At the beginning of the year, XRP's price was lingering around $0.33, but it has since soared to trade above the $2.33 mark.

The analyst's predictions also factor in the expanding partnerships of Ripple in the cross-border payments sector, which are expected to drive XRP's price to new highs.

With the XRP Ledger known for its efficiency and scalability, financial institutions continue to integrate its technology, setting the stage for long-term price targets as high as $16 by 2031.

However, despite the impressive gains and technical strength, XRP faces a crucial test at the 50-day SMA, currently at $2.48, which acts as resistance. On the other hand, the 200-day SMA, at $1.64, provides support for the cryptocurrency.

Despite 50% of the past 365 days of trading seeing green candles, the Fear & Greed Index stands at 32, indicating that there is still some uncertainty in the market.

For XRP to have the best shot at reclaiming the $3.84 level, sustained adoption and minimal regulatory interference are pivotal—aspects that Rexas Finance, with its tangible utility, has already achieved.

This would also open the door for even higher long-term price targets to come into play.