Two well-known cryptocurrency investors have made optimistic predictions about the potential price surge of XRP, with one predicting a rise to $3 and the other predicting a rise to $20.
XRP has been affected by the recent market downturn, experiencing multiple instances where its price fell below $0.50 within a 24-hour period.
Despite these setbacks, experts remain hopeful about the future of XRP. Although it has seen a 2.5% decline in the past 24 hours and a 4.72% dip in the weekly charts, XRP has managed to rebound above the $0.50 price level. Currently trading at $0.5057, the cryptocurrency has experienced an 18.1% dip in price since the beginning of the year.
However, despite these challenges, prominent crypto enthusiasts believe that XRP could still experience a significant rally during the bull season of 2024/2025. They anticipate that the price of XRP could range between $3 and $20 during this period.
One early Bitcoin investor, Kyle Chassé, specifically predicted that XRP would reach a peak price of $3 during the bull run. It is important to note that this prediction is lower than the all-time high of $3.84 that XRP reached in January 2018. Chassé did not provide any specific reasons for his bullish prediction.
Another crypto analyst, known as @KingCryptoAryan, made an even bolder prediction, speculating that XRP could reach a price of $20 during the bull season. This would require a 3,854% increase from its current price. Like Chassé, Aryan did not provide any specific factors that influenced his prediction.
It is worth mentioning that other investors and analysts have also made similar predictions about XRP’s potential price surge to $3 and $20. Ash, a popular crypto investor, projected that XRP could reach $3 between April 2025 and July 2025, which is expected to be the peak of the upcoming bull season. Similarly, EGRAG predicted that XRP could revisit its all-time high of around $3 during this season.
Furthermore, Armando Pantoja, a member of the Bezinga crypto advisory council, also issued a similar forecast, predicting that XRP would reach a “true value range” of $8 – $20 by 2026. Pantoja based his prediction on factors such as XRP’s legal clarity, historical precedent, institutional adoption, market trends, and utility explosion. He had previously predicted a rise to $10 – $20 without specifying a timeline.
It is important to note that the information provided in this article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic, the source of this article, does not endorse or take responsibility for any financial losses that may occur.