XRP's price continues to rise, reaching new heights. Analysts share insights on potential catalysts for further price increases.
Waiting for a New All-Time High
In recent weeks, XRP's price significantly increased, reaching a five-month high of over $3. Currently, the asset trades just below this mark, reflecting a 32% gain over 30 days. XRP's market capitalization surged past $175 billion, allowing it to surpass Tether and become the third-largest cryptocurrency.
Potential Catalysts
One factor driving the asset's price up is the recent SEC approval of the ProShares Ultra XRP ETF. This product is futures-based and will trade under the ticker UXPR, designed to provide double the daily return of the token's price. While a spot XRP ETF in the USA has yet to be approved, the chances for approval before the end of 2025 stand at around 86%. Additionally, the growing network activity and whale accumulation may also contribute to this bullish trend.
Analytical Predictions about XRP's Future
Analysts, including Ali Martinez, predict that XRP could reach a historic peak of $4.80 if the price can close above $3. For example, user CRYPTOWZRD noted that XRP has flipped the old resistance level of $2.8 into support, forecasting that one more bullish daily close could confirm this flip and set the stage for a new all-time high.
Taking into account current facts and predictions, the crypto asset XRP may continue to rise, with approval of the ETF and market activity being key factors.
