Since the XRP news about a likely XRP exchange-traded fund (ETF) product launch by the end of this year started swirling across socials, the altcoinโs price kept above $2 for the most part of the year. Amid last weekโs 7.9% downturn, the market correction phase left market observers guessing if Rippleโs native coin can make another attempt at a new all-time high (ATH) in 2025.
XRP Price Prediction: Double Digits On Wave 5?
Alarmingly, the broader market sentiment is still up & down, mostly evident in Bitcoin (BTC) sliding down below $94,000 twice on Monday. This happened due to massive retail exits among small retail holders last week, Glassnode argues. The blockchain analytics platform also noted an opposite sentiment among large Bitcoin (BTC) holders, demonstrating near peak accumulation.
In one of the latest XRP price predictions, crypto trader EWT published their take on where the OG altcoin is heading next. Basing their XRP price prediction on the Elliott Wave theory, this technical crypto analyst sees $12 as a realistic target during the fifth Elliott Wave, which will be entered after the altcoin completes consolidation. If the upward continuation persists, EWT forecasts a mouth-dropping 2,927% increase from the current price.
How XRPโs Dominance Against Bitcoin Adds Fuel
On the other hand, XRP price could decouple from Bitcoin (BTC), given that the XRP/BTC pair continues to swing the popular cross-border altcoinโs way. Currently, Rippleโs native crypto price is trading in a very narrow range, which is portrayed by the Bollinger Bands (BOLL) in the chart below. Usually when this occurs, consolidation completes and either XRP bulls or bears take charge for a while.
Presently trading slightly below the middle band depicted in blue color, Ripple (XRP) price against Bitcoin (BTC) is capped at 0.00002281. A breakthrough beyond 0.00002304 would definitely come as good news for XRP bulls, striving to reach a new all-time high by the end of 2025.
Before doing that, XRP price has to conquer the red-label Bollinger Band levels of March, when Rippleโs native token particularly dominated against BTC. Then, one XRP price in Bitcoin (BTC) rose to 0.00003107, while the all-time record still stands at 0.00003332 on January 25, 2025, according to TradingView data.
On The Flipside
- Ripple (XRP) is up 305% in a yearly timeframe, edging past Bitcoinโs (BTC) 48% yearly returns by more than 6 times.
- XRPโs market dominance rose to a new record earlier this year, when the XRP news hit that SEC is looking to settle.
Why This Matters
Market dominance is one of the signature metrics to watch out for when assessing the odds of a long-term upward momentum.
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