XRP has experienced a notable 6% price surge today as the broader cryptocurrency market recovers from its recent downturn. This rally signals renewed investor confidence in digital assets, with XRP at the forefront of the rebound. Adding to the optimism, top analysts have projected a substantial price jump, further fueling discussions on Ripple’s native cryptocurrency.
Analyst Predicts XRP Price Surge to $6
The recent XRP price movement has drawn attention from market experts, with bullish predictions pointing to a potential climb to $6. Crypto analyst Dark Defender highlighted that XRP is in the fourth wave of its intermediate cycle, setting the stage for a powerful fifth-wave rally. Based on historical price trends since July 2023, he anticipates XRP could hit $5.85 in the coming months.
XRP had a 4th Wave on his Intermediate Cycle, which I highlighted in Dark Blue, aiming for $5.85 with the 5th Wave.
— Dark Defender (@DefendDark) February 3, 2025
On the other hand, Primary Cycle Waves, highlighted in Light Blue, still aim for $18.22. (Not Financial Advice)
I have used the same structure since July 23,… pic.twitter.com/CZXFSRyftb
Beyond the short-term outlook, Dark Defender also noted a long-term primary wave cycle that could propel XRP to a staggering $18.22. While this remains speculative, it underscores the strong market sentiment surrounding the token. Another well-known analyst, EGRAG CRYPTO, echoed this bullish perspective. Citing insights from market expert Squeky Mouse, he suggested that XRP’s price trends indicate a possible surge toward $5.2.
These forecasts, backed by recurring market patterns and key technical indicators, have ignited excitement among investors, many of whom anticipate further gains in the coming weeks.
Ripple’s 500 Million XRP Unlock Sparks Debate
Despite the bullish outlook, coin recently faced selling pressure following Ripple’s decision to unlock 500 million tokens from escrow. Historically, such unlock events have led to short-term price drops due to increased supply in the market.
However, analysts maintain that the long-term trajectory remains strong as coin continues to gain traction in institutional applications. Investors are closely monitoring whether the current recovery will sustain momentum despite concerns over supply.
XRP Market Performance and Future Projections
At the time of writing, coin is trading at $2.52 after its 6% surge, with a 24-hour high and low of $2.78 and $2.23, respectively. Trading volume, however, has dipped by 36% to $21 billion. Meanwhile, XRP Futures Open Interest remains steady, suggesting a wait-and-see approach from institutional investors.
Adding to the growing bullish sentiment, pro-XRP lawyer John Deaton recently made an ambitious prediction. He believes coin has the potential to surpass Ethereum and become the second-largest cryptocurrency before undergoing a market correction. Deaton also set an upper price target of $8 for XRP, reinforcing the optimism surrounding its future growth.
Also Read: XRP Shatters Expectations with 55% Surge: Is a New All-Time High Within Reach?
As XRP continues to rally, investors will be watching key technical levels and market developments to gauge whether the bullish momentum can sustain itself in the coming weeks.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.