XRP Skyrockets 500% Since July 2024: Is $5 the Next Stop in 2025?
XRP's meteoric rally defies skeptics—again. The Ripple-affiliated token has surged 500% in just 12 months, leaving traditional finance pundits scrambling to update their 'crypto bubble' PowerPoints.
Breaking down the rally
No catalysts? No problem. XRP's gains came despite regulatory ambiguity and zero major protocol upgrades—proving once more that crypto markets thrive on vibes as much as fundamentals.
The $5 question
To hit $5, XRP would need another 6x from current levels. Possible? Sure. Likely? Ask the 'stablecoin yields are sustainable' crowd. The token faces stiff resistance at its 2021 ATH, but with derivatives volume hitting records, traders clearly smell blood in the water.
One thing's certain: Wall Street's 'blockchain not Bitcoin' crowd just got another reason to sweat. XRP's run exposes how little traditional valuation models matter when network effects kick in. Whether that's revolutionary or reckless depends on which side of the trade you're on.
Can XRP Hit $5 in 2025?
XRP’s recent rise follows a market-wide resurgence. Bitcoin (BTC) climbed to a new peak of $122,834 on July 14. BTC’s rise triggered a bullish run for the larger crypto market. BTC’s rally was likely a result of large institutional investments in crypto-based ETF products.
Friday’s big rally is attributed to the US House of Representatives passing the Clarity, GENIUS, and anti-CBDC Act and bills. The MOVE has led to a substantial rise in investor confidence. XRP and most other assets have registered substantial rallies following the announcement.
Ripple’s popular cryptocurrency may continue to rise over the coming days. The market seems to have taken a bullish inclination after the House passed the acts. XRP is currently trading at never-before-seen price levels.
There is a chance that the market will face a correction in the next few weeks. bitcoin (BTC) may dip to around $110,000, given that there was a supply gap at that price level. BTC falling to the $110,000 price point could trigger a slight market-wide correction.
There is a high chance that XRP will breach the $5 mark in 2025. The asset has a few spot ETF applications awaiting approval at the SEC. The SEC has taken a pro-crypto stance over the last few months after the appointment of Paul Atkins as the new head. An XRP ETF could lead to substantial institutional interest in the asset. Such a development could potentially lead to the cryptocurrency hitting the $5 mark.
