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Cryptocurrency News Articles

XRP Price Prediction 2025: Will XRP Explode? Analyst Weighs In

Dec 29, 2024 at 10:00 pm

Analyst Nick from Cheeky Crypto, with over 170,000 subscribers, shared in a video that Ripple's XRP historical performance and upcoming

XRP Price Prediction 2025: Will XRP Explode? Analyst Weighs In

A popular YouTube crypto analyst is sharing his thoughts on XRP (XRP) and why he believes the cryptocurrency is set to explode in 2025.

Analyst Nick from Cheeky Crypto, with over 170,000 subscribers, shares in a video that Ripple’s XRP historical performance and upcoming developments position it as a token worth watching closely.

While Bitcoin (BTC) and Ethereum (ETH) steal most of the spotlight, XRP has been around just as long and solves real problems, but its price has jumped up 284% last November and moved sideways since then, making some people hesitant to invest.

However, Nick points out that these phases of consolidation may indicate a buildup of momentum, likening the current conditions to the calm before a market storm.

Back in 2017-2018, XRP had an incredible run. It started trading for less than a cent and reached $3.31 in about a year, giving investors an 11,000% return. This shows where XRP’s price can go when the market heats up.

Moreover, holdings of XRP on Binance rose from 2.79 billion to 2.93 billion tokens, signaling potential profit-taking activity. Usually, when we see this kind of sideways movement, it means traders are getting ready for some big price swings down the road.

The court battle between Ripple and the SEC is at a state of conclusion at this moment. It all comes down to whether XRP counts as a security or not. If Ripple wins this one, we might see big investment firms finally jumping in.

Politics could shake things up too. Nick notes that the inauguration of Trump on the 20th of January 2025 will be a key day for the crypto market. He adds that Trump has spoken publicly about creating a more crypto-friendly environment during his next potential term.

So if regulations become more streamlined and the US policies favor blockchain and cryptocurrencies, investors’ confidence could soar. Banks and businesses are already interested in XRP because it makes sending money across borders cheap and fast.

Looking at the charts, XRP seems ready to make a move up. There’s this thing called a Golden Cross coming up – that’s when the short-term average price crosses above the long-term one. Some analysts say XRP could hit somewhere between $27 and $33 by 2025, but that depends on regulations and market conditions working out.

Nick wants to remind everyone to think carefully about the risks before investing, and to look at XRP’s bigger picture as crypto keeps changing.

News source:captainaltcoin.com

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