After a record-breaking year in 2024, XRP is off to a strong start in 2025, sparking excitement among traders and analysts. The altcoin closed December 2024 at an all-time high of $2.08 and has already gained 16.5% in the first days of the new year. Analysts are now eyeing potential price targets for XRP as market momentum builds.
The Second Wave of XRP’s Rally
XRP’s November 2024 “god candle” triggered a massive 283% rally, breaking a seven-year trend. With Ripple’s legal victory against the SEC boosting confidence, many experts believe this is just the beginning of XRP’s second major rally.
Crypto trader Mikybull highlighted similarities between XRP’s 2017 bull run and its current setup. He noted that the altcoin recently consolidated for 30 days, cooling its RSI from overbought levels to healthier territory, and successfully retested support at the 20-day and 40-day EMAs. These signals often precede significant breakouts.
Similarly, investor Javon Marks suggested XRP could surpass its previous all-time high of $3.317, based on historical patterns. "It’s not a question of if but when," Marks stated confidently.
Bullish Patterns Signal Big Moves
Analysts have identified two bullish chart patterns that could propel XRP higher:
Bullish Pennant Formation
XRP has repeatedly shown a 100% rally after forming this pattern. Based on current Fibonacci extension levels, a breakout could push XRP to $5 in the short term, representing a 110% gain from its current price.
Potential Bull Flag
Market technician Tony Severino spotted a bull flag on XRP’s 1-day chart. If confirmed, this setup could send XRP soaring to a top target of $13—a staggering 440% increase. While ambitious, Severino noted that such a move, while unlikely in one shot, is "not impossible."
XRP’s bullish momentum, backed by technical patterns and renewed investor confidence, has positioned it as a leading contender for massive gains in 2025. While short-term targets like $5 seem within reach, higher projections depend on sustained market strength and broader crypto adoption.
With history as a guide, XRP’s upside potential may once again surprise even the most optimistic investors.
