Two well-known cryptocurrency investors have made positive predictions about the potential rise of XRP, with one suggesting it could reach $3 and the other speculating it could reach $20. Despite recent price slumps that saw XRP dip below $0.50 multiple times in 24 hours, experts remain optimistic about its future.
Although XRP has rebounded above the $0.50 mark, it has still experienced a 2.5% decline over the past 24 hours and a 4.72% dip in the weekly charts. Its current exchange rate is $0.5057, representing an 18.1% dip year-to-date.
Despite these figures, prominent crypto enthusiasts believe that XRP could see a major rally in the upcoming bull season of 2024/2025. They anticipate that XRP’s price could range between $3 and $20 during this period.
One investor, Kyle Chassé, who was an early investor in Bitcoin, speculated that XRP could reach a peak price of $3 during the bull run. However, he did not provide any specific reasons for this prediction. It’s worth noting that the $3 prediction falls below XRP’s all-time high of $3.84 in January 2018.
Another crypto analyst, known as @KingCryptoAryan, made a bold prediction that XRP’s price could soar to $20 during the bull season. This would require a 3,854% increase from its current price. Like Chassé, Aryan did not provide any specific factors that influenced this prediction.
Other investors and analysts have also made forecasts about XRP’s potential spike to $3 and $20. Ash, a popular crypto investor, projected that XRP could surge to $3 between April 2025 and July 2025. Additionally, EGRAG predicted that XRP could reach its all-time high of $3 this season.
Similarly, Armando Pantoja, a member of the Bezinga crypto advisory council, has also made a similar forecast about XRP’s potential rally to $20. He projected that XRP could reach a “true value range” of $8 to $20 by 2026. Pantoja’s factors supporting this prediction include legal clarity, historical precedent, institutional adoption, market trends, and utility explosion. However, he did not provide a specific timeline for when this prediction could materialize.
It’s important to note that this article is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are the author’s personal views and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not responsible for any financial losses.