The cryptocurrency market does not look impressive right now. In the last 24 hours alone, the market cap has slipped by at least 4.4%. Almost all top cryptos have suffered declines during the same period. XRP is not an exception. It has recorded a drop of 2.3%. This month, the XRP market has reported two major corrections: an 18.6% decline on March 8 and a 22.12% drop between March 7 and 10.
Currently, the XRP market is struggling to recover from these corrections. Right now, the XRP price is at least 18.49% below its March 7 level. However, a crypto analyst predicts that the XRP market could reach price peaks in 2025. Curious? Read on!
XRP’s Potential 2025 Peak: Analyst’s Prediction
According to EGRAG Crypto, the XRP market will reach its peak in either May 2025 or September 2025.
It appears that the analyst is using past price movements of XRP from 2014 to 2018 as a guide. He notes that previous market cycles lasted either 1,492 days or 1,614 days. He states that if XRP follows the same patterns as it did in 2014-2018, then its next big peak will likely happen in mid-2025.
Earlier, he predicted that the market would have a big price increase in July 2024. However, after further analysis of these historical patterns, he changed his prediction to the 2025 dates.
Long-Term Price Target: The $27 Vision
How high can the XRP market go? Interestingly, this crypto analyst reveals that he maintains a long-term target of $27 for XRP.
In the past year, the XRP market has experienced a surge of no less than 241.2%.
Current Market Challenges: XRP’s Struggle Below $2.2
At the start of 2025, the XRP price was at $2.0870. In January, it recorded a growth of 46%. However, in February, it reported a drop of 29.3%.
At the beginning of this month, the price was at $2.1469. Though, on the second day of the month, the XRP market experienced a steep growth of 34.21%, the two major corrections this month caused the market to drop below the opening price of March 2.
Currently, the XRP price stands at $2.1298. Experts warn that if the XRP price fails to hold above $2.2, the market could suffer severe drops.
Experts note that it is important to closely observe the support level of $1.6.
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FAQs
XRP might reach a high of $5.81 with an average of $4.89.
By 2030, XRP may trade between $16.92 and $26.97, driven by institutional adoption, CBDC development, and Ripple’s expansion in global payments.
XRP’s price could hit $178.82 by 2040, assuming widespread adoption, strong regulatory support, and Ripple’s continued dominance in cross-border payments.
