After months of stagnant price action, two crypto analysts now posit that the XRP price might be ready for another bull run amid surging whale activity. These market pundits believe the cross-border payments titan is far from reaching its full potential and might smash $12 this bull cycle once the ongoing consolidation is over.
Let’s find out what’s likely to happen.
Ripple’s XRP price faces resistance at $2.6
After pulling a more than 600% rally toward the end of last year, the XRP price has been cooling down for months, falling as far as $1.6 during its recent swing low. Whales jumped in at the dip, rotating the XRP price back up to consolidate in the $2 zone.
Source: CoinMarketCap
Recently, XRP surged toward the $2.6 resistance level amid surging whale activity. While everyone expected the asset to blast past this region and return to above $3, the bears showed up, pushing XRP down.
Despite these recent headwinds, market pundits argue that XRP could be on the verge of a major breakout, which could send it 5x up into the double-digit territory.
XRP price prediction: Analysts believe XRP could smash $12
Tim Warren, a notable analyst from the Investing Broz Channel, believes that XRP could explode toward the $11 to $12 price target once it breaks out of a bull flag on the daily timeframe. Crypto expert Ali Martinez shares the same bullish sentiments, projecting a run to $11 for XRP.
However, to hit that price target, the XRP market cap needs to grow to $700 billion! While a 6x growth appears like an overshoot for the 4th largest crypto asset, there are clear bullish factors that could supercharge the XRP price to new levels.
XRP futures and ETF potential brighten its prospects
These bold XRP price predictions come as XRP continues to establish credibility and presence in traditional finance. Recently, VolatilityShares launched the first-ever futures ETF ($XRPI) on Nasdaq. That’s just a few days after the launch of CME Group’s XRP futures on May 19, which hit the ground running with $19 million in volume!
These new products offer regulated access and exposure to XRP, and industry experts argue they are likely to attract tons of institutional investors, significantly increasing XRP’s liquidity and trading volume.
The debut of XRP futures also catalyzes the introduction of spot XRP ETFs, which could arrive as early as June this year. Bloomberg analysts have assigned an 85% approval chance to these ETFs in 2025. Polymarket XRP ETF speculations agree, with punters betting on 83% approval odds.
If a spot ETF gains approval in the US, JP Morgan has forecasted that it could attract up to $8 million in investor inflows, potentially sending the XRP price much higher.
XRP investors are also scooping up new crypto assets
Diversification is a proven market-beating strategy that veteran investors use to stay ahead. While XRP has a bright future, crypto whales have been rebalancing their portfolios to include low-cap presale gems like RTX.
This upcoming XRP rival is forecasted to register a gigantic rally this year, granting over 100x gains to first movers as its innovative crypto-to-fiat cross-border payments solutions gain traction in the massive $190 trillion sector.
Whales have already stockpiled over 538 million RTX tokens as the Remittix presale collects over $15.3 million in a few months. Experts advise checking out this growth beast and grabbing a stake at the $0.0781 price floor before it skyrockets beyond reach.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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