Dennis, a well-known crypto analyst who goes by the name Virtual Bacon, recently joined Paul Barron on his show to discuss the XRP market outlook.
During the interview, Dennis projected where XRP could go in price by the end of this year and at the peak of the current market cycle. He based his forecast on XRP’s historical relationship with Bitcoin, providing specific price levels that he believes could play out.
XRP EOY and Cycle Top Targets
When Barron asked for his position on XRP’s near-term prospects and its long-term potential, Dennis looked to the XRP/BTC ratio. He explained that XRP faced suppression during the 2020 cycle, failing to approach the highs from 2017.
For this reason, he has focused on whether XRP can reclaim its 2020 ratio top against Bitcoin, which stood at roughly 0.000033 BTC. According to him, if Bitcoin recovers to $120,000, though he personally expects it to reach closer to $150,000 at the midpoint, then XRP could reach a price of about $4.50.
Notably, Dennis believes this would likely play out by the end of the year or in early January, once the initial wave of ETF-driven excitement fully settles.
Meanwhile, the analyst also extended his outlook to the top of the cycle. Specifically, if Bitcoin appreciates further to $200,000 and XRP’s ratio against Bitcoin pushes higher to around 0.00005 BTC, then XRP could rise toward the $9 to $10 range. Currently, the XRPBTC ratio sits at 0.000025, which means Dennis expects XRP to outperform BTC by 100%.
Importantly, he noted that these targets represent realistic mid-cycle and peak projections. According to him, anything beyond them would require highly optimistic conditions where altcoins outperform Bitcoin by an impressive margin.
Potential Impact of XRP ETFs
Besides price action, Dennis and Paul Barron also discussed the potential impact of XRP ETFs. Notably, Barron pointed out that XRP recently launched an ETF product alongside Dogecoin, noting that some market watchers now consider it a momentum trade.
He asked Dennis whether this early ETF activity signaled upside potential. For context, this referred to the Rex Osprey hybrid ETF, which holds up to 80% exposure. Following its debut, the ETF saw the highest natural opening volume for any 2025 launch.
Responding to Barron, Dennis explained that while momentum does exist, the true turning point will come once spot XRP ETFs debut, which should arrive in about a month.
Barron then mentioned Steven McClurg of Canary, who predicted that XRP ETFs could see inflows as high as $5 billion, which he argued might make it the biggest ETF launch ever. In contrast, James Seyffart of Bloomberg Intelligence expressed more caution, believing Bitcoin would still maintain the crown.
In response, Dennis highlighted the difference between price performance and inflows. He said that XRP’s ETF, thanks to the coin’s volatility, could outperform Bitcoin in price terms and possibly match Ethereum given their similar market caps.
However, in terms of inflows, $5 billion would represent only 1.5% of XRP’s circulating supply, which is modest when compared to Ethereum, where spot ETFs already hold 5.5% of the total supply.
XRP in a Delicate Position
Outside of the Barron interview, other analysts are also looking at XRP’s price action, especially amid the recent drop. For instance, Dark Defender recently noted that XRP rejected resistance around $3.13 and tapped key support levels, including a primary trendline.
He said the structure remains intact and pointed out that the daily RSI is nearing oversold territory. The analyst noted that he is still optimistic of a breakout from the falling wedge pattern, setting targets of $4.17, $4.92, and $5.85 while citing support levels at $2.8057 and $2.64.
Meanwhile, analyst Javon Marks focused on XRP’s ability to hold above $2.47. According to him, this is the foundation for a continued move higher. He set a target of $4.804, representing a potential 66% climb from current levels.
$XRP holding above $2.47 means we are still targeting $4.804 in another +66% climb from here, perhaps at minimum… https://t.co/xbee2kKQrS pic.twitter.com/VOJGn9sIhW
— JAVON⚡️MARKS (@JavonTM1) September 22, 2025
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.
