Can Rippleโs (XRP) price live up to its long-awaited double-digit targets, one of them being $15? This question was recently raised by Waters Above, a seasoned cryptocurrency market analyst, specializing in the Elliott Wave theory. Seconding their opinion, other market observers expect a double-digit run in case of an ETF approval in 2025.
Consolidation Done: XRP Price Mirrors 3,600% Rally
This ambitious XRP price forecast revolves around the aspirations of a โhot summerโ for XRP, leading to a bold $15 price target by July 24, 2025. Mostly, this optimistic theory is based on historical XRP price data, as the coin showcased similar performance in 2017, going from fractions of a cent to $0.36 in a matter of two weeks.
Previously, the same analyst predicted $10 for Ripple (XRP) by late July, 2024, but that didnโt come to practice. Instead, Rippleโs native crypto tacked on a bull run to $3.40 half a year later. Naturally, a prolonged consolidation phase always follows a spike or a noticeable drop, and thereโs quite a bit of different factors that come into play.
90% Chance Of Ripple ETF Approval Fuels Optimism
Right now, market participants have an almost unanimous belief that Rippleโs XRP ETF will hit the markets by the end of 2025. This favorable publicโs opinion can be easily explained by the positive legal headwinds in the Ripple vs. U.S. Securities and Exchange Commission (SEC) case.
On top of that, the new SEC Chief Paul Atkins displays a crypto-friendly approach, distancing from the punitive practices by Gary Genslerโs team. Certainly, the end-year Ripple XRP ETF launch predictions make more sense than approval by July 31, 2025.
Thatโs because multiple Ripple-based exchange-traded fund (ETF) submissions were recently postponed to October 24 & October 25, 2025.
Also, the $50 million settlement between Ripple & SEC is put on hold, as an indicative ruling is awaited from the District Court. In case of approval, Ripple will release $125 million in escrow, settling the high-profile SEC vs. Ripple case once & for all.
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People Also Ask:
XRP soared 36,000% from $0.006 to $3.31 from 2017 to 2018, fueled by euphoria. Analysts now eye a 3,600% leap to $15 from $2.14, but history isnโt destiny.
Whales amassed 1.2B XRP, and the Ripple-SEC case nears settlement. Yet, this analystโs prior $5 miss tempers the $15 forecast.
A $15 price demands vast capital and hype. Regulatory clouds and the analystโs past flub suggest caution, as markets can defy even bold visions.
XRPโs wild 2017 swings scream risk. It’s recommended to stake only spare funds, delve into CoinMarketCap, and tread lightly to dodge potential pitfalls.
Eye whale moves on Lookonchain, study Binance Academy, read DailyCoin & secure assets in a hardware wallet. Shun social media mirages to stay sharp.
