Ripple’s XRP coin briefly retested the $3 waters after the United States Treasury Secretary Scott Bessent’s double-folded Bitcoin (BTC) reserve message. While markets rattled like an earthquake, Bitcoin (BTC) got flushed to $117K from $121K before a bounce back to $120K.
Market Experts Double Down on XRP’s $7 Projection
Meanwhile, XRP’s price enters the expansion phase, according to seasoned crypto analyst Crypto King. This popular trader told their 925K followers on X, previously known as Twitter, that “fundamentals are lining up for something massive”. The diagram that followed depicts three phases: manipulation, accumulation & expansion, or in simpler terms, XRP price discovery.
“My target this cycle is $7”, – concludes Crypto King, seconding the popular XRP price forecast shared by United Kingdom’s (UK) Standard Chartered. The brokerage pros at StanChart set a slightly higher target for Ripple coin (XRP) to $7.50 by the closure of 2025. Previously, Standard Chartered experts expected XRP token to hit $4, but raised the stakes upon Ripple’s legal wins.
Ripple Holders Monitor This Pivotal XRP Price Level
Market observers are peeling their eyes on the $3.60 XRP price level, as it denotes the red-label Bollinger Band (BOLL). This is just 5 cents below the present all-time high (ATH), so crypto bulls are expected to push Ripple coin (XRP) to unprecedented heights if no early profit-taking comes into play across largest crypto investors, otherwise known as crypto whales.
Luckily for now, on-chain indicators imply that the short-term sentiment is still bullish, as evident in the Bull Bear Power (BBP) meter flashing above 1.0377 on the 4-hour XRP coin price charts. Meanwhile, the whale money flow-tracking Chaikin Money Flow (CMF) also stood well above 0.1, signaling that Ripple’s largest investors are willing to top up their positions at this range.
On The Flipside
- On Derivatives, over $8 million of leveraged long positions on XRP coin’s price was liquidated in the latest 24-hour period.
- To compare, Ripple coin’s short sellers lost just over $3 million, while the overall daily volume slumped by 20% to $12 billion.
Why This Matters
With over 300 banking institutions on board, Ripple’s XRP Ledger could go far beyond its current crypto market capitalization of $184.35 billion, opening up fresh boundaries with a compliance-first approach.
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People Also Ask:
The expansion phase refers to XRP breaking out of a consolidation pattern & hitting price discovery. Currently, showing strong bullish momentum with increased trading volume and price action, XRP is aiming for higher levels like $7.
Analysts cite XRP’s breakout from a symmetrical triangle, strong market sentiment, Ripple’s legal clarity, and growing adoption in cross-border payments as drivers for the $7 target by late 2025.
Support is currently at $3.05-$3.20, with stronger support at $2.90-$3.00 if a pullback occurs. Resistance lies at $3.33-$3.55, with a break above $3.70 potentially opening the path to $4.44-$7.
Regulatory uncertainties, market volatility, or failure to maintain key support levels could derail the rally. Competition from other payment-focused cryptocurrencies may also impact XRP’s growth.
Follow trusted crypto news platforms like DailyCoin for in-depth analysis, technical updates, and market insights on XRP’s expansion phase and potential to hit $7.
