XRP price has risen significantly amidst a broader market recovery, indicating renewed investor confidence.
XRP Price Surge Amid Market
XRP price jumped more than 4% and traded at $2.25. Its trading volume also rose significantly by 47% to $2.5 billion. However, the crypto has lost around 4% monthly.
Analysts' Predictions for XRP Price
Analysts are optimistic about XRP's future price. The analysis suggests it could reach $20 this cycle. In a recent X post, analyst EGRAG CRYPTO indicated that XRP price could reach a range between $22 and $27.
Factors Driving Ripple Price Higher
According to Polymarket, the odds for Ripple ETF approval for 2025 sit at 88%, which could support price increases. Additionally, a resolution in the Ripple versus SEC case is expected to drive prices higher.
Under current conditions, XRP prices may rise significantly considering the optimistic analyst forecasts and positive market factors.
