One analyst now argues that the XRP price is eyeing a 2017-style bullish breakout that could push it toward the $15 price mark. Let’s find out whether XRP has the legs to climb to this price threshold as new crypto assets rise to challenge its dominance in the cross-border payment market.
XRP prints a 2017-style price action pattern
In 2017, XRP hit a high of 0.43 in May before retreating to accumulate in the $0.17 to $0.26 zone for six months. It then broke out, pulling a stratospheric 1900% upsurge to print an ATH of $3.8 in January 2018.
Source: CoinMarketCap
In late 2024, the XRP price started ripping, rocketing to a new multi-year high of $3.4. For nearly five months now, the XRP price has been circling the $1.6 to $2.6 zone, prompting market pundits to argue that the asset is flashing similar 2017-style bullish signals. Thus, a breakout from its current consolidation phase is expected to spark a massive bullish steam, potentially propelling XRP to the double-digit territory.
XRP price prediction: Can XRP hit $15 this bull cycle?
To smash $15 from current rates, the XRP price needs to skyrocket by over 525%, pushing its market past $800 billion! That’s not small potatoes, but crypto analyst Rob Cunningham believes there are clear tailwinds that could supercharge XRP to smash that threshold.
According to Rob, Ripple’s acquisition of Hidden Road and the recent launch of CME Group’s XRP futures could lift XRP’s price to the $5-$15 range in the short term and $20-$30 in the long run.
Cunningham predicts XRP could rise to these dizzying heights if the XRP Ledger processed just 30% (about $3 billion daily) of Hidden Road’s volume, a multi-asset prime brokerage that handles $10 billion daily. That would lock up nearly 5% of XRP’s circulating supply, driving the price up.
He also believes CME Group’s XRP futures will attract tons of global retail and institutional investors through regulated access, potentially raising the XRP price. Cunningham also pointed out the potential approval of a spot XRP ETF in the U.S. this year as a key factor that could catalyze its momentum.
“If we aren’t between $30 and $75 by the end of 2025, I’d be in utter disbelief,” he opined.
XRP investors are also exploring new tokens
While XRP is ultimately expected to storm into the double-digit territory, a majority of market pundits agree it might be a slow process requiring serious growth and adoption of the RippleNet.
That’s why smart XRP investors have been rebalancing their portfolios lately: holding XRP for steady, long-term yields but also loading up on low-cap crypto gems like Remittix (RTX), a new XRP rival tipped to blast up over 10,000% this year!
While XRP offers crypto solutions to large financial institutions, RTX targets retail investors, freelancers, and small business owners.
Put simply, Remittix provides a revolutionary crypto-to-fiat payment network that enables the average consumer to undertake real-time cross-border transactions at a fraction of traditional costs.
Furthermore, RTX has a small token supply of 1.5 billion tokens compared to XRP’s 100 billion. That positions RTX to hit $15 faster than XRP, minting millions for early investors even without getting anywhere remotely close to XRP’s current market cap.
Whales have already stockpiled over 539 million RTX, and tokens are flying off the shelves at the $0.0781 floor price. Step in and double up while this emerging PayFi titan is still undervalued!
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
