Ripple’s XRP token has faced its fair share of troubles. The SEC filed a lawsuit against the fintech company in December 2020, leading to substantial challenges to XRP’s price. The asset struggled to gain momentum even during the 2021 bull run. However, things changed by the end of 2024, after Donald Trump’s victory in the 47th Presidential election. Trump’s victory led to increased expectations of the SEC vs. Ripple lawsuit being put to rest. XRP’s price went from $0.50 in November 2024 to more than $3 in January 2025. The asset’s price rallied by more than 500% in about three months. Let’s discuss if XRP can replicate its late 2024 to early 2025 rally.
Can XRP Replicate Its 2024-2025 Rally Again?
XRP’s rise to $3 from $0.50 was fuelled by the settlement of the SEC vs. Ripple lawsuit. Since the end of the lawsuit, XRP’s performance has taken a hit amid a larger market correction. XRP rose to an all-time high of $3.65 on July 18. Since its July highs, XRP’s price has fallen by more than 44%.
If XRP’s price rallies by another 500%, its price will hit $12. Hitting $12 from current price levels is no easy task. According to Telegaon analysts, XRP will hit the $12 mark sometime in 2028, more than three years from now.
There is also a chance that XRP could hit the $12 mark sooner than anticipated. The asset saw the launch of a few spot ETFs earlier this year. ETF inflows could lead to a massive price surge for XRP, as seen in the case of Bitcoin (BTC).
Also Read: EGRAG: XRP Structure Not Bearish, Bullish Roadmap Remains Active
Moreover, many industry experts predict Bitcoin (BTC) to hit a new all-time high in 2026. BTC hitting a new peak could greatly aid XRP’s journey to $12.
Credit: Source link
