Jake Gagain, with 244K followers on X, has joined the growing list of market watchers who expect XRP to attain the $5 price point in this bull run.
This viewpoint was articulated as part of Gagain’s recent analysis examining the prospective price trajectories of various tokens, particularly looking ahead to 2025. XRP was among the top crypto projects for which he issued potential price targets.
Bullish 2025 Crypto Price Predictions. $BTC $ETH $SOL $XRP $ADA pic.twitter.com/xGQKZYRrpm
— JAKE (@JakeGagain) March 21, 2024
$5 XRP is Realistic by 2025
With a month to go before the Bitcoin halving, Gagain voiced his views on the likely price targets of assets like XRP before and after the halving events. The analyst first pointed out that XRP still holds its six-year-old all-time high (ATH) due to the SEC’s lawsuit.
Gagain argued that XRP might not set a new record high immediately following the halving but instead during the peak of the bull run, especially if Ripple prevails in the legal battle against the SEC.
In parallel, he expressed that a $5 target for XRP is pretty realistic for the asset during this season’s peak.
At press time, XRP exchanges hands at $0.6344, having rallied by 4.55% within the past day. Essentially, Gagain expects XRP to expand by nearly seven-fold through this bull market, specifically in 2025.
Other Analysts See $5 in Short-term
Meanwhile, Gagain is hardly the only pundit projecting a $5 target for XRP this season. Nick, the founder of Web3Alert, has echoed a comparable but more ambitious sentiment. He suggested that a $10 target for XRP this season is also feasible.
Unlike Gagain and Nick, who foresee the $5 to $10 target as achievable around 2025, some other analysts view these targets as potentially attainable in the short term.
For instance, prominent analyst Dark Defender has claimed that XRP is currently on track to reach $5.85 in the upcoming weeks, expecting “solid strikes.” Although Dark Defender has also set lower targets ranging from $1 to $2.3 for the near term, he concurrently includes $5.85 among his short-term objectives for XRP.
Meanwhile, EGRAG, another prominent market watcher, has boldly asserted that the crypto market could see an aggressive surge for XRP that would send its price to $17 this month. EGRAG’s ambitious target for XRP this cycle is $27.
With various analysts issuing similar commentaries on XRP’s potential outlooks, the threshold XRP would attain remains to be seen.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
