- XRP is currently trading at $3.10 (January 2025), showing 459% year-over-year growth
- Analyst Mikybull Crypto predicts $8 price target based on current bullish fundamentals
- The Trump administration’s pro-crypto stance could potentially affect XRP’s positive outlook
- Five XRP ETF filings currently pending with the SEC
- Several analysts project higher targets: CasiTrades ($3.80), CryptoBall ($13-20), XBT Liquidators ($27-30)
XRP continues its upward trajectory in early 2025, reaching $3.10 on January 21, marking a daily gain of 6% and approaching its all-time high of $3.40 in January 2018. The cryptocurrency has shown strong momentum with an increase of 19.6% over the past week and a 459% increase over the previous year.
Trading volume has remained robust, with 24-hour activity reaching $14.92 billion. The current market cap stands at $178.44 billion, backed by a circulating supply of 57.56 billion tokens out of a total supply of nearly 100 billion.
XRP price
Several cryptocurrency analysts have shared price predictions for XRP in the current market cycle. Analyst Mikybull Crypto suggests XRP could hit $8, citing current bullish fundamentals. The analyst indicates that this target may not represent the top of the cycle, suggesting potential for further upside.
Technical Analyst CasiTrades points to a more immediate target of $3.80, noting that XRP has already reached a major wave 4 target of $2.88. According to CasiTrades, the focus now shifts to converting local resistance levels into support before attempting to reach the wave 5 target of $3.80.
The cryptocurrency has tested the $3.24 level several times, facing rejection. CasiTrades suggests that consolidation between $3.24 and $3.33 could occur before a potential breakout, emphasizing the need for a new top to confirm the $3.80 target.
Other analysts have expected even higher prices. CryptoBall, posted on social media platform X, predicts a price of $13 in the near term, with the potential to exceed $20 during the current bull cycle. This prediction is based on Elliott Wave Theory analysis, which suggests significant price increases after a breakout.
#XRP will go above $20 this bull cycle and to $13 within the next few weeks. This is based on Elliot Impulse Waves that start after a significant breakout. In 2017, these 5 waves took us from $0.002 to $3.84 and 70,000%. This time the 5 waves will take the US from $0.50 to $26 and… pic.twitter.com/3pzXob0mkO
— CryptoBull (@CryptoBull2020) January 7, 2025
XBT Liquidators presents the most optimistic outlook, projecting a price range of $27-30 based on Gann’s high-time fan analysis, which examines cyclical movements between key support and resistance levels.
The regulatory environment appears increasingly favorable for XRP. In July 2023, a federal judge ruled that XRP is not a security when sold to retail investors on exchanges, even though sales to institutional investors were classified as unregistered securities transactions.
The current US administration’s approach to cryptocurrency regulation has caught the market’s attention. Reports indicate openness to establishing a US-based strategic coin reserve that could include XRP, potentially expanding its use.
Interest in XRP based investment products continue to grow. REX Shares recently submitted an application for an XRP ETF, bringing the total number of pending applications to five. The increasing number of traditional financial firms looking to offer XRP investment products indicates growing institutional interest.
The legal landscape for Ripple, XRP’s parent company, is showing signs of improvement. Market observers note the possibility that the SEC may drop its appeal against Ripple, which could remove a key source of uncertainty that has historically affected XRP’s price movement.
The RSI (Relative Strength Index) is currently at 48, indicating neutral market conditions. This technical indicator suggests room for movement in both directions, without showing overbought or oversold conditions.
Trading data reveals XRP’s price performance since inception. From its lowest recorded value of $0.002686 on May 22, 2014, to its current level of over $3, the cryptocurrency has shown significant price appreciation throughout its history.
The current circulating supply creates a market cap at fully diluted valuation (FDV) of 0.58, indicating that more than half of the total possible supply is already in circulation. The fully diluted valuation currently stands at $309.94 billion.
The latest monthly performance statistics show that XRP has gained 36.9% over the past 30 days, maintaining a steady upward momentum in early 2025.
