Crypto analyst CryptoInsightUK believes that XRP's price could surge, potentially reaching $35 by the end of 2025. This prediction is based on the continuation of the bullish trend observed in recent months.

XRP's performance in 2024

XRP, the fourth largest cryptocurrency by market capitalization, has demonstrated significant growth in 2024 despite market uncertainties. This digital asset reached a multi-year high of $2.9 earlier this month after a decisive breakthrough in November. Over the past year, XRP has risen over 250%, thanks to strong investor confidence in its ecosystem.

Several macroeconomic factors have contributed to this optimism. These include SEC regulatory reforms and political developments such as Donald Trump's election victory, which some analysts believe have positively impacted the cryptocurrency market in general.

Forecast for 2025

CryptoInsightUK has adjusted its price target for XRP based on recent market behavior. According to his analysis, this cryptocurrency is expected to have significant upward movements in the first and last quarters of 2025.

In a recent commentary, CryptoInsightUK forecasted that XRP could rise to $10 in the first quarter of 2025. He hopes XRP will reach $35 by the end of the year if the current market trend continues. He attributes this outlook to the adjustment in its 2017 price ceiling, which he aligned with XRP's recent price breakthrough.

Risks to the bullish scenario

Not all analysts share the same optimism. Dom, another prominent market observer, highlighted the risks that could disrupt XRP's upward trajectory. He pointed out that this cryptocurrency has tested its support level of $1.9 twice, which he believes has weakened its foundation.

Dom warns that Bitcoin's inability to maintain a price above $95,000 could trigger a broader market downturn, dragging altcoins like XRP down. If XRP loses the $1.9 support level, Dom predicts a sharp price drop to $1.6, citing a lack of significant demand between these price levels.

He emphasized that a drop to $1.6 could weaken XRP's upward momentum and push it into uncertain territory. "The correction will be much larger," Dom warns, signaling the possibility of an end to the recent bullish trend.

Important levels to monitor

Despite the risks, Dom acknowledges that XRP could maintain its bullish position if it stays above the current price level. He states that reclaiming $2.4 would be a turning point for this asset to reach new all-time highs.

At the time of the press report, XRP was trading at $2.19, reflecting a 1.82% decrease in the past 24 hours. According to Dom, reaching the price of $2.4 will signal new strength in XRP's bullish case, potentially paving the way for further growth.