Prominent market analyst Peter Brandt has shared his expected price mark for XRP by the end of the year.
In a tweet late Friday, Brandt predicted the prices of major assets by the end of 2025, including crypto heavyweights Bitcoin and XRP. Interestingly, he shared a bearish outlook for “everyone’s favorite” XRP.
Brandt Shares Possible XRP Prices By Year End
XRP’s bullish steam has subsided after a strong start to the year. The XRPL native token continued its 500% and 6% November and December rallies in January, hitting a multi-year high of $3.39 by the middle of the month. The bullish momentum saw XRP close at $3.035, its highest ever monthly close in history.
Meanwhile, the digital asset has retraced substantially from the high, dropping over 52% from its January high to $1.614 at some point this month. Nonetheless, XRP has rebounded from the low to its current price of $2.078.
Despite seemingly bullish prospects from here, Brandt does not expect much from XRP this year. He predicted that the asset would close the year at one of the two points he highlighted in a chart accompanying the analysis.
According to the chart, represented by market cap, XRP could close the year at either $116.67 billion or a little above $60 billion. Notably, these valuations culminate in prices of around $1.98 to $2 and $1.02 to $1.07.
Interestingly, Brandt had mentioned the targets in an earlier analysis. The market veteran did so while identifying a forming head and shoulders pattern on XRP’s daily timeframe, with $2 as a crucial support and $1.07 as the likely target if XRP breaks below the demand wall.
As a result, the analysis suggests that XRP may continue consolidating around its current price mark over the next eight months or hit near $1 upon breaking down from the classic H&S pattern.
Expert Analyses Suggest Otherwise
Meanwhile, while Brandtt maintains a bearish outlook for XRP, several other prominent market watchers have suggested otherwise. For instance, banking giant Standard Chartered predicted that the high-caliber asset would trade at $5.50 by the end of 2025 and a staggering $12.50 by 2028.
Furthermore, a recent analysis from the AI bot ChatGPT predicted that XRP would surge to $11 between late 2025 and early 2026. In addition, Davinci Jeremie insisted that XRP could still reach $24 this year, claiming that people in government are pushing the asset.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
