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Cryptocurrency News Articles

XRP Price Prediction: Bitstamp Expresses Optimism About XRP’s Future by the Year 2025

Dec 22, 2024 at 01:17 am

Bitstamp, the oldest crypto exchange in the world, has expressed optimism about XRP’s future. In a recent tweet, the exchange said that XRP is on the verge of reaching a historic achievement by the year 2025.

XRP Price Prediction: Bitstamp Expresses Optimism About XRP’s Future by the Year 2025

Crypto exchange Bitstamp (NYSE:BMS) has high hopes for XRP in the upcoming year. In a recent tweet, the exchange hinted at a historic achievement for the token by 2025.

This announcement is bound to pique the interest of XRP enthusiasts, particularly the group known as the "XRP Army." While the specific achievement was not disclosed, the focus is undoubtedly on a potential XRP price surge.

The timing of Bitstamp's projection also aligns with other anticipated events, including the conclusion of the Ripple legal proceedings and the possible listing of XRP exchange-traded funds (ETFs).

Chart: XRP price history and future expectations

XRP has been trading substantially below its all-time high of $3.84, set in 2018. From a high of $0.80 in 2018, XRP price took a hit, dropping to $0.1151 in March 2020. Subsequently, it surged by 2,420% in four years to hit a multi-year high of $2.90 by the end of 2024. At the time of writing, the token is trading at $2.27, indicating a decline of 40.19% from its record peak.

Several analysts have provided varying forecasts for XRP price in 2025. Conservatively, a new peak could be anywhere between $5 and $8, while more optimistic forecasts anticipate prices between $10 and $20. However, any predictions beyond $100 are generally considered to be speculative.

To reach its 2018 high again, XRP would need to increase by 62%, a target that many analysts believe to be achievable. Hitting this mark could be a turning point for XRP in the market, solidifying its place in the crypto world.

However, some market commentators are less hopeful regarding the upcoming rally of XRP. Analyst JayDee pointed out that many holders are likely to miss out on opportunities in this historic phase. He anticipates that many investors, especially those who have entered the market with the aspiration of earning unrealistic rates of return, will suffer losses when the market returns to a more balanced state.

Growing adoption and market influence

XRP has witnessed remarkable adoption in 2024, with over 720,000 new addresses being created on its network. This growth has brought the total number of holders to 5.71 million, up from 5 million in the previous year.

The majority of this adoption occurred in the final quarter of 2024, particularly in November, following the rise in XRP price.

The token has also seen the integration of its RLUSD stablecoin, a move that aims to enhance the token's usability within traditional finance. Further positive market sentiment comes from the ongoing hearing on the legal battle between Ripple and the SEC.

Despite recent setbacks, XRP has managed to outperform most other coins, including Solana, Binance Coin (BNB), and Dogecoin, in terms of market capitalization. The cryptocurrency now boasts a market cap of over $132.6 billion, maintaining its role in the digital asset industry.

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Other articles published on Dec 22, 2024