XRP has faced turbulence in recent weeks, sliding 25% from its July high of $3.65 to a local low by early September.
While the correction rattled investor confidence, crypto researcher Ripple Van Winkle highlights that market data continue to suggest a rally toward $5.
Whales Accumulate at the Bottom
According to Van Winkle, on-chain data reveal that whales have begun accumulating XRP again despite the price pullback. He said that historically, such accumulation has marked bottoms and preceded new bullish waves.
For traders, the key support to watch is $2.70. If XRP holds this level and breaks past the $2.90 resistance, analysts see $3.70 as the next target. Renowned market watcher Ali Martinez specifically expressed this perspective in a tweet.
Analysts Eye $5.39
Furthermore, Van Winkle noted that some analysts are mapping XRP’s trajectory within a five-wave upward channel. Their targets include $4.16, $4.63, and ultimately $5.39.
If this pattern holds, XRP could be on track for a new all-time high in 2025. Notably, it has already proven its capacity for rapid gains, rising from $0.49 last year to $3.65 this summer, a sevenfold increase in less than a year.
AI Models Add to the Optimism
The researcher also pointed to the use of AI models like ChatGPT and Grok to forecast XRP price movements. Some of these forecasts align with the bullish analyst outlook, suggesting further upside ahead for XRP.
For instance, in May, The Crypto Basic used ChatGPT and Grok to evaluate a $10,000 investment in XRP or BNB over five years. Both favored XRP for different reasons.
ChatGPT highlighted XRP’s institutional appeal, regulatory clarity, expanding use in cross-border payments, and ETF filings. It viewed BNB’s heavy reliance on the Binance exchange and regulatory risks as drawbacks.
Grok focused on XRP’s stronger performance—400%+ gains since 2024—higher market cap, and investor confidence. It noted BNB’s value dip at the time and questioned its short-term stability despite its role in Binance’s ecosystem. Meanwhile, it’s worth noting that BNB has since hit an all-time high at $900.
Overall, both AI models see XRP as the more promising five-year investment.
More Uptrends
Amid high hopes for XRP to reach new peaks in 2025, talks about a massive dump are also creeping in from skeptics, with some saying XRP is even overvalued.
However, Jake Claver, CEO of Digital Ascension Group, believes the market may never see XRP in the $0.50 range again. He notes that many investors ignored XRP at those low prices, missing out as it surged since November 2024. Claver highlighted XRP’s strong volume (~$5 billion daily) and upcoming spot ETFs, which could bring $5 billion in investments, as factors making a major retracement unlikely.
In his view, XRP is on track to reach triple-digit prices over time as more bullish catalysts align, calling for dollar-cost averaging (DCA) instead of waiting for a major dip.
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.
