- According to an analyst, XRP could reach $250 by 2025 as a result of the ETF’s approval and the outcome of the lawsuit.
- The current price of XRP is around $0.4846, with bearish trends in the last 24 hours and a week.
According to crypto analyst Chad Steingraber, the price of XRP might climb to three figures. By 2025, Steingraber projects, XRP will hit $250, which would mark the peak of the current bull run in the market. This forecast is consistent with his estimates for Ethereum and Bitcoin, which he thinks will reach $250,000 and $25,000, respectively, by 2025.
Factors Driving the XRP Bullish Prediction
Steingraber has good reason to be optimistic. possible XRP Exchange-Traded Fund (ETF) is one important consideration. He feels that the coin would be very useful if an XRP ETF were approved.
Especially in a supply shock, fund issuers for XRP ETFs would send their assets into an institutional liquidity hub, which would increase demand and eventually drive up the price.
The ongoing Securities and Exchange Commission (SEC) case against Ripple is another important factor in lowering the price of XRP, claims Steingraber. He says the legal action has stopped fresh capital from entering the XRP ecosystem. He does predict that after the matter is settled, fresh cash will flow in, which might cause a substantial price rise.
Current Market Data and Expert Opinions
XRP is currently valued at about $0.4846, down 2.19% in the last day and 6.54% over the previous week, according to CoinMarketCap data. Other analysts concur that Steingraber is right to be bullish despite the present gloomy trend.
The possible influence of XRP’s adoption by BRICS countries was emphasized by Cryptonairz CEO and founder Robert Doyle, who thinks the token’s price might reach $10,000, as previously reported by CNF. Once the SEC case is over, crypto analyst Jack The Rippler has also forecast that XRP will surpass $100.
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