XRP Price Prediction: XRP To $5.50 In Next 50 Days
After reaching a new yearly high of $3.4 in January, the XRP price has been correcting for months. The tough slog pushed XRP down to revisit the $1.6 region. But investors slurped the deep heavily, rotating XRP price back up to above $2, where it has been accumulating in a relatively narrow band.
So, where is the XRP price headed next? One analyst’s XRP price prediction points to a significant move to a new ATH above $5. Let's take a closer look.
The XRP price turns bullish
Per CoinMarketCap data, the XRP price has climbed over 15% monthly, pushing its yearly gains past 300%. Further, the asset continues to show strong bullish signals as it holds key support levels above $2. If XRP maintains its current bullish stance, some analysts forecast that it could chart a new path to above $5 in the coming months.
Source: CoinMarketCap
XRP Price Prediction: XRP might smash $5.5 in 50 days
There's no shortage of XRP price predictions to rise above $5. Recently, XForceGlobal, a well-known Elliott Wave analyst, shared a bullish XRP price forecast toward the $5.4 target.
According to the analysts, the XRP price is forming a "1-2 scenario" in a sophisticated corrective pattern, and is just about to enter an explosive third-wave rally.
With $1.6 acting as a robust support zone, XForceGlobal projects that XRP could soon start a strong upward momentum past $3.2 before launching higher to reach $5.4 in the coming months. That would be a solid 150% yield from the current rates!
XRP’s potential catalyst to $5.5
The resolution of the Ripple-SEC lawsuit is arguably the most powerful tide likely to drive the XRP price to gigantic heights this year. Recently, Ripple posted on X that they have reached an agreement to end the case.
That's a big reason why the price of XRP might skyrocket above $5, driven by investors' confidence and rising institutional interest.
The recent approval of the ProShares XRP Futures ETFs is also a good sign that XRP might get a Spot ETF by the end of 2025, opening a new avenue for retail and institutional investors to pump billions into XRP. As of press time, the Spot XRP ETF approval odds on Polymarketcap were well above 75%.
XRP investors are also diversifying into presales
It is not lost on XRP investors that the asset will likely require a massive surge in institutional demand to surpass its 2018 ATH of $3.8 and reach a new one above $5 and that's less likely to happen in 50 days.
That's why an increasing number of XRP whales are also buying into presales, with Remittix being the top one where the smart money is headed.
While XRP focuses on offering cheaper and faster crypto payments to large institutions like banks, Remittix (RTX) brings seamless cross-border payments to the average crypto holders and small business owners, closing a critical gap in the market.
Source: Remittix website
To achieve that, this Ethereum dApp merges crypto assets with local payment apps worldwide, enabling anyone to send/receive fiat payments to any bank using crypto. Just by connecting their wallets, users can undertake cross-border payments with 50+ coins and over 30 currencies.
The RTX is already up over 400% in presale and top market analysts forecast colossal gains north of 100x for the new altcoin once it launches in the free market. It’s advisable to check out this low-cap crypto gem and grab your share while the price is still at a bargain.
Disclaimer: This article is part of sponsored content programme. The Tribune is not responsible for the content including the data in the text and has no role in its selection.
