The price of XRP has seen a slight increase today, holding steady at $2.15 amidst a positive trend in the broader crypto market. An analyst suggests that XRP may have already hit its bottom, but certain conditions must be met to confirm this. Another expert believes that XRP could potentially reach $15, driven by anticipated inflows from Exchange-Traded Funds (ETFs).
The current market cap of XRP stands at $125.33 billion, with a 24-hour high of $2.18. CoinGlass data also reflects renewed market confidence, with XRP Futures Open Interest rising by 0.5%. Renowned analyst EGRAG CRYPTO points out that XRP must close a weekly candle above $2.10 and the 21-week EMA, as well as above $2.25, to confirm the bottoming out trend. Failure to meet these conditions could lead to other market narratives emerging.
Market expert Zach Rector’s analysis suggests that XRP could potentially reach $15 and beyond, fueled by expected inflows from XRP ETFs. Using his market cap multiplier model, Rector calculates that a $4 billion inflow could result in an $800 billion increase in XRP’s market cap, leading to a price of $15.42 per token. Industry leaders are growing more confident about the prospect of an XRP ETF, with Ripple CEO predicting at least one launch in the second half of 2025.
Despite the overall positive outlook for XRP, investors should exercise caution and conduct their own research before making any investment decisions. The potential launch of XRP ETFs in 2025 has sparked interest within the crypto community, with many eagerly awaiting the impact it could have on XRP’s price. It is important for investors to stay informed about market trends and developments to make informed decisions about their crypto investments.
