An analyst predicts that XRP’s price could skyrocket to $250 by 2025 due to the potential approval of an ETF and the outcome of an ongoing lawsuit.
Currently trading at around $0.4846, XRP has seen bearish trends over the past 24 hours and week.
Crypto expert Chad Steingraber believes that XRP could hit triple digits in the future. He foresees XRP reaching $250 by 2025, marking the peak of the current bull market. This projection aligns with his forecasts for Ethereum and Bitcoin, which he anticipates will reach $250,000 and $25,000, respectively, by 2025.
Factors fueling the bullish prediction for XRP include the possibility of an XRP Exchange-Traded Fund (ETF) approval. Steingraber argues that an XRP ETF would significantly boost demand for the coin, especially during a supply shock, as fund issuers would inject their assets into an institutional liquidity hub.
The ongoing SEC lawsuit against Ripple is seen as a key factor in suppressing XRP’s price by Steingraber. He suggests that once the legal uncertainty is resolved, fresh capital will flow into the XRP ecosystem, potentially triggering a significant price surge.
Current market data shows XRP trading at approximately $0.4846, with a 2.19% decline in the last day and a 6.54% drop over the past week, according to CoinMarketCap. Despite the recent downtrend, analysts remain optimistic about XRP’s future potential.
Cryptonairz CEO Robert Doyle highlights the potential impact of XRP’s adoption by BRICS countries, suggesting that the token’s price could surge to $10,000. Additionally, crypto analyst Jack The Rippler predicts that XRP will surpass $100 once the SEC case concludes.
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