The year 2024, when Bitcoin hit its all-time high (ATH), was also an eventful year for $XRP. XRP, which saw a staggering 233 percent increase last year, has made its investors happy. In fact, there are analysts who believe that the price of XRP will rise even more these days as we head towards 2025.
Addressing his 236,000 followers on X (formerly Twitter), Altcoin Sherpa analyst says he believes XRP will reach an all-time high in the current bull market.
“XRP will continue to be hated by the crypto community. I believe $2 is still a reasonable buying zone and XRP will reach a higher high after this cycle.”
#XRP is an ambitious goal for meme coins on the Ledger network
In the same vein, Whale Insider, one of the analysts closely followed by the crypto community, expressed his bullish view on XRP. The analyst suggested that XRP will see a significant surge and highlighted the meme coins launched on the Ripple Ledger network.
Whale Insider, who championed the view that “XRP is poised for a massive rally,” said that meme coins on the XRP Ledger network could see gains of up to 100x and 100x.
Recalling that XRP is the third-largest blockchain, Whale Insider pointed out that none of the meme coins launched here have yet reached a market cap of $100 million.
2024 has been a very important year for XRP and thus the Ripple ecosystem. The ongoing legal battle with the US Securities and Exchange Commission (SEC) has entered its fifth year. As is well known, in the case between#SECand #Ripple, the commission claims that XRP is a security and claims that it made unauthorized sales. In fact, according to a court decision issued last year, it was concluded that the sale of XRP to retail investors did not violate US securities laws. Although this is a very positive decision for XRP, the legal process is still ongoing