Analyst Says 2025 Coud Bring Monumental Rally

21 June 2024

in XRP

Reading Time: 4 mins read

As Ripple fights to regain $0.50, one analyst projects XRP could enjoy a monumental rally in 2025. Indeed, the co-founder of Black Swan Capitalist, Vandall Aljarrah, expects a bull rally to propel XRP beyond its current all-time high of $3.84.

Vandall took to X (formerly Twitter) to discuss the cryptocurrencies growing value. There, he noted a $5,000 investment into XRP in 2016 and a sale when it reached its highest mark in 2018 would grow to nearly $3 million. Moreover, he expressed the potential for the next two-year cycle to surpass those figures.

Ripple Nears Major Converging Point: Analyst Says XRP Could Breakout

Also Read: Ripple vs SEC Lawsuit: Will SEC Free Ripple XRP After Ethereum

Ripple (XRP) to Dominate 2025 Bull Market?

The world of finance has closely observed cryptocurrencies this year. With two crypto-based ETFs receiving regulatory approval, the market has performed fairly well. After Spot Bitcoin ETFs hit the market in January, BTC exploded in value, reaching a landmark price of $73,000 in March.

21Shares files S-1 application for an XRP ETF

1 November 2024

Ripple CEO optimistic about crypto post-election, regardless of outcome

24 October 2024

Things have cooled down since then, but they still speak to the potential of the asset class. One token that could benefit from a shifting market sentiment is Ripple (XRP), which one analyst projects will benefit from a monumental rally in 2025.

[crypto-donation-box]

XRP has certainly struggled over the last month, falling more than 11%, according to CoinMarketCap. But the signs of a reversal are there. Santiment recently published a report noting Ripple and Cardano as “notable altcoins that are seeing heavy trader shorting following relief bounces.”

If you had invested $5,000 in #XRP in January 2016 at a price of $0.0065 per XRP & sold at its all-time high of approximately $3.84 in January 2018,

Your $5,000 investment in January 2016 would have grown to approximately $2,953,846 by January 2018.

This is what 2 years in this…

— Vandell | Black Swan Capitalist (@vandell33) June 20, 2024

Also Read: Can Ripple’s Partnership With 10 Governments Aid XRP’s Growth?

Although that sounds bearish, Santiment further explained that it could be a great thing in the long run. Specifically, the analytics firm noted that the data is “a good sign for patient bulls, as liquidate shorts can effectively act as ‘rocket fuel’ for continued price rises.”

This patient approach could fully come to fruition next year. The ongoing lawsuit with the US Securities and Exchange Commission (SEC) is also set to come to an end in 2024. The company’s CEO, Brad Garlinghouse, has forecasted a resolution to take place by September 21st. The clarity of that development could be massive in driving investor interest and benefiting from an impending bull market.

Credit: Source link