XRP on Track for Historic Achievement Next Year, Claims Bitstamp
Bitstamp predicts that XRP will achieve a historic milestone by 2025, sparking excitement among the crypto community. Analysts suggest XRP could surpass its 2018 all-time high with realistic projections ranging from $5 to $20. Bitstamp, the oldest crypto exchange in the world, has expressed optimism about XRP’s future. In a recent tweet, the exchange said [...]
- Bitstamp predicts that XRP will achieve a historic milestone by 2025, sparking excitement among the crypto community.
- Analysts suggest XRP could surpass its 2018 all-time high with realistic projections ranging from $5 to $20.
Bitstamp, the oldest crypto exchange in the world, has expressed optimism about XRP’s future. In a recent tweet, the exchange said that XRP is on the verge of reaching a historic achievement by the year 2025. This announcement created much buzz within the crypto space, especially in the group of XRP supporters known as the “XRP Army”.
$XRP gonna make history next year
— Bitstamp (@Bitstamp) December 20, 2024
Even though the specific achievement was not outlined, the main focus is on the possibility of an XRP price rise. The timing of Bitstamp’s projection also concurs with other expected events, such as the conclusion of the Ripple legal procedures and possible XRP ETFs listing.
XRP Price History and Future Expectations
XRP has been trading for years below the all-time high of $3.84 set back in 2018. From a high of $0.80 in 2018, XRP plunged to $0.1151 in March 2020 and then surged by 2,420% in four years to hit a multi-year high of $2.90 by the end of 2024. At the moment, the token is trading at $2.27, a 40.19% fall from its record high.
Several analysts have had different forecasts for the price of XRP by the year 2025. Conservatively, a new peak could be anywhere between $5 and $8, while more optimistic forecasts hope for prices between $10 and $20. Any predictions beyond $100, though, are generally considered to be mere speculation.
To get back to its high of 2018, XRP would have to rise by 62%, something many analysts believe is well within the cards. Hitting this mark could prove to be a turning point for XRP in the market and secure its place in the crypto world.
However, some market commentators are less hopeful regarding the upcoming rally of XRP. Analyst JayDee pointed out that many holders are likely to lose out on opportunities in this historical phase. He expects that many investors, especially those who have entered the market with the hope of earning unrealistic rates of return, will suffer losses when the market comes to a more balanced state.
Growing Adoption and Market Influence
XRP has seen remarkable adoption in 2024 with more than 720,000 new addresses created across its network. This growth raised the total number of holders to 5.71 million from 5 million in the previous year. This adoption mainly took place in the final quarter of 2019 particularly in November following the rise in the price of XRP.
The token has also seen the integration of its RLUSD stablecoin as a move that seeks to enhance the token’s usability within traditional finance. Further positive market sentiment comes from the ongoing hearing on the legal battle between Ripple and the SEC.
However, XRP has been able to outperform most other coins, including Solana, Binance Coin (BNB), and Dogecoin in terms of market capitalization. The cryptocurrency has now surpassed a market cap of $132.6 billion, thus maintaining its role in the digital asset industry.
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