Ripple (XRP), one of the fastest-growing cryptocurrencies, has been attracting significant attention in recent weeks. Currently priced at $2.95, XRP has experienced a 6% drop in the last 24 hours, yet its rapid growth trajectory remains undeniable. With ongoing volatility in the market, XRP aims to break free from its current price bubble and target significant milestones, including $4.55 and $5.85.
XRP’s Path to $5.85: What’s Next?
Ripple is undergoing critical transformations that could propel its price to new heights. The first phase of this transformation centers around the anticipated end of the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). A favorable resolution for Ripple could trigger a surge in XRP’s value, lifting the token towards previously unseen levels.
The second phase is tied to the approval of XRP ETFs, which could attract institutional investors and further elevate XRP’s market performance. As institutional interest in XRP rises, the cryptocurrency is positioned to leverage market momentum, pushing its price toward key targets.
Expert Insights: A Breakout Imminent?
One noteworthy analyst, Dark Defender, has predicted a significant price breakout for XRP. According to Dark Defender, XRP is currently attempting to break out of a 4-hour triangle pattern, which could be pivotal for its future price trajectory. Dark Defender believes that XRP’s third wave will aim for the $5.85 target. However, before reaching this level, XRP is expected to first test $4.55, gradually moving upwards.
The timeline for this anticipated surge could unfold as soon as next week. Dark Defender stated, “I expect #XRP to break out of the 4-hour triangle within 16-20 hours, upside. Next week will be dynamic, and the third wave target remains $5.85.”
Also Read: XRP Price Drops 9% as Bearish Momentum and Spot Outflows Accelerate
XRP Price Prediction for 2025
Looking ahead, analysts are predicting continued growth for XRP. According to CoinCodex, XRP could reach $3.18 by February 23, 2025. With current bullish sentiment and a Fear & Greed Index of 75 (Greed), now might be a good time to buy Ripple, as the market anticipates further price action 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.
About The Author
