Following what has been an impressive few weeks for Ripple, one analyst has recently discussed the possibility of XRP targeting $100 in 2025. Such a surge would require the crypto to increase more than 16,500% from its current position. Yet, there does seem to be a potential path in place.
Over the last 30 days, XRP has rallied more than 26% in value, according to CoinMarketCap. Although it has experienced a bit of a setback today, the asset is still hovering around the $0.6 mark.
Also Read: Ripple (XRP) to Surge? Expert Reveals 6 Bullish Factors
XRP to $100? Analyst Says Its Closer Than You Think
The last week of July is set to be critical for Ripple. Earlier this month, an analyst predicted the years-long legal battle with the US Securities and Exchange Commission (SEC) was set to reach a settlement this week. That is expected to catapult the token’s price that has been stagnant more often than not over the last several months.
That could be set to pave the way for Ripple (XRP) to target a $100 price point in 2025. Indeed, X (formerly Twitter) user Common Sense Crypto took to the platform to discuss the price prediction. Specifically, he discussed four facets that could drive the crypto to double digits in the next year.
The user pointed to Ripple CEO Brad Garlinghouse’s previous prediction for the company. Indeed, Garlinghouse forecasted a $5 trillion inflow by the end of the year. Moreover, he noted that to be a conservative estimation based on projections.
Also Read: Ripple XRP VS SEC: Expert Weighs In on Settlement
Secondly, the XRP Ledger (XRPL) is expecting up to $50 trillion in real-world assets by tokenization partner, Archax. The post goes on to state that this is just one collaborator, with a few more likely to take similar action.
Thirdly, the SEC lawsuit was mentioned. The user noted that institutional investment is likely after a settlement clears up the regulatory space around the asset. Finally, they noted that the public supply of XRP is calling. That will only increase demand and heighten value.
All of these together could be XRP’s perfect storm to reach triple digits. The prediction is certainly optimistic, considering the cryptocurrency’s all-time high was $3.84, set in 2018. Although a $100 price will be immensely difficult, these factors should drive Ripple to new heights in the next year.
Credit: Source link