Ripple’s XRP token had a bullish start to 2025, but has faced a substantial price correction over the last few months. XRP’s price has seen some relief over the last few days, but it is still far from recovering its 2025 peaks. According to CoinGecko data, XRP has rallied 1.3% in the last 24 hours, 0.5% in the last week, and 0.5% over the previous month. However, the popular cryptocurrency is still down by 10.9% in the 14-day charts and 38.5% since January 2025. Despite the current downtrend, XRP could see a massive price rally to $21.50. Let’s discuss why and when it may happen.
XRP On Track To Rally To $21.50?
According to a new pattern, XRP seems to be performing in a 4-phase fashion. The pattern suggests that the asset could eventually breach the $21.50 mark. Hitting $21.50 from current price levels will entail a rally of more 1025%.
Telegaon analysts are also quite bullish on XRP. The platform does not expect the asset to breach the $21 mark anytime before 2030, but expects the asset to hit a new all-time high of $5.18 some time in 2026.
CNBC experts also painted a bullish picture for XRP in 2026. A recent report called the asset “the hottest crypto deal” of 2026. Increased ETF demand could help propel XRP to new heights.
Also Read: Ripple Is Moving Closer To Clinch a Banking License
However, given the current situation of the market, XRP registering over a thousand percent rally could be a challenge. The crypto market has experienced bearish forces over the last few months. Moreover, market participants seem to be parking their funds in safe havens such as gold and silver. Macroeconomic worries and geopolitical tensions present further barriers to the crypto market. A Federal Reserve announcement of an interest rate cut for this year could give a boost to investor sentiment. However, there is no telling when we may get the next rate cut.
Credit: Source link
