How High Can XRP Price Go?
XRP has started 2025 on a bullish note, with market analysts eyeing significant price targets following its record-breaking performance in 2024. The altcoin ended the previous year with its highest-ever monthly close at $2.08, and the momentum appears to be building for even higher levels.
XRP’s “Second Wave” Poised to Begin
In November 2024, XRP staged a historic rally, skyrocketing 283% in what traders described as a “god candle.” This surge broke a seven-year trend and was fueled by Ripple’s favorable resolution in its legal battle with the SEC. Analysts now believe a “second wave” is imminent for XRP, driven by both technical indicators and bullish market sentiment.
Historical Patterns Indicate More Upside
Crypto trader Mikybull compared XRP’s current price behavior with its legendary 2017 bull run. According to his analysis, XRP has undergone a 30-day consolidation, with the RSI cooling to 57 after entering overbought territory. The asset also retested its 20-day and 40-day EMA levels, setting the stage for another breakout.
Similarly, investor Javon Marks highlighted parallels between XRP’s 2017 rally and its current trajectory. Marks stated, “By previous performance, all-time highs (>$3.317) and much higher levels are not a question of if, but when.”
Bullish Pennant Points to a 100% Upside
A key short-term indicator for XRP is the bullish pennant pattern, which has consistently resulted in 100% gains since November 2024. Analysts predict that a breakout from the current pennant could drive XRP toward its Fibonacci extension levels of 1.618 and 2.272. This would position XRP at $5, representing a 110% increase from its current price.
Higher Targets on the Horizon
While a $5 price target is gaining traction, other analysts have set even loftier goals. Market technician Tony Severino identified a bull flag on XRP’s 1-day chart. A breakout from this pattern could propel the altcoin to $13, marking a 440% gain. Severino cautioned that while $13 is ambitious, it is not “impossible” given XRP’s historical performance and current momentum.
Conclusion: XRP’s Bullish Outlook
As 2025 unfolds, XRP’s potential for significant gains remains a central focus for traders. Technical patterns such as bullish pennants and historical parallels to 2017 suggest that XRP could reach new all-time highs. With targets ranging from $5 to $13, the altcoin is positioned as one of the most promising assets in the crypto market this year.
While optimism runs high, investors are advised to approach with caution and conduct thorough research, as market volatility remains a constant in the cryptocurrency space.
