XRP is presently the focus of interest in the cryptocurrency market, with many speculators forecasting a large price increase in the months ahead. As of January 13, 2025, XRP is trading about $2.39, following a significant recovery from a previous slump.
Analysts are optimistic, predicting that if XRP can reproduce even half of its amazing 2017 run, it might reach $15.
The Path To $15
XRP’s prospective price of $15 is not a random assumption; it is based on historical performance and current market factors. In 2017, XRP had an incredible rise of more than 1,300%. If it can follow a similar path this time, a $15 price tag is within reach.
Market expert Bobby A notes that XRP’s current moves are similar to its previous history, which frequently precedes large upward increases.
XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle.
From its range-high breakout in 2017, as illustrated by the horizontal black dashed line above, XRP initially appreciated by 629%. From its range-high breakout in 2024, XRP has… pic.twitter.com/Cz7guxjFus
— Bobby A (@Bobby_1111888) January 1, 2025
Factors Driving The Surge
There are a number of reasons for the present upbeat sentiment around XRP. One is the changing political climate in the US following Donald Trump’s reelection, which many believe will lead to more pro-crypto legislation.
The second is the hiring of pro-crypto SEC commissioners, who may settle unresolved legal matters for XRP’s creator, Ripple. For institutional investors, who have been reluctant to enter the market because of ongoing legal battles, this legislative stability is essential.
The altcoin has also become a feasible medium of exchange for international payments, solidifying its position as a pioneer in financial innovation. Ripple’s expanding alliances with major financial institutions increase trust and interest in XRP as a useful payment method.
Resistance Levels And Market Trends
Despite the euphoria, analysts are warning that XRP has significant resistance above $2.45. This has been a both support and resistance level in past cycles. The breaking of this barrier may unlock more price rallies that may eventually reach prices at $2.75-3.0. According to analysts, higher trade volumes will be very crucial in resolving this challenge.
In recent weeks, XRP has proved resilient enough to rise from earlier lows by 15%. Although there have been short-term drops, the recovery validates the optimism level of investors regarding long-term chances for XRP.
Bobby A’s analysis presents a gently optimistic picture of XRP based on past performance and present market conditions. If XRP can maintain its upward trajectory and surpass past defined resistance levels, he believes it may approach significant pricing benchmarks not too long off.
XRP is clearly in an excellent position for possible breakthroughs as 2025 progresses. While some analysts are more practical and believe the price will only hit $5 by the end of the year, others believe it will reach $15, or even more.
Featured image from DALL-E, chart from TradingView
Source: NewsBTC