The digital currency XRP has seen a significant price increase recently. In just the last day, its value went up by about 10%, and over the past week, it’s climbed by roughly 34%.
On Wednesday, XRP’s price briefly hit $3.30 in Asian markets. This surge means it’s now only 4% away from its highest price ever, which was $3.40 back in 2018.
Why is XRP Rising?
There’s growing excitement in the futures market, where people bet on future prices. The total value of active XRP futures bets (called open interest) jumped to $9.98 billion. This is a 26% increase in 24 hours and the highest it’s been since 2021.
When both the price and open interest go up, it usually means traders are feeling positive and expect the price to keep rising. Many traders are making big bets that XRP’s price will increase, even though it seems a bit high in the short term.
Big Investors Are Buying
Data shows that large investors have bought over 2.2 billion XRP in the last two weeks. This big buying activity might be linked to news about new investment products (leveraged ETFs) launching in the U.S. and investment firm Grayscale adding XRP to one of its major funds.
What’s Next for XRP’s Price?
Looking at the charts, XRP has gone up very quickly since its low point of about $1.90 on June 22. Because it’s risen so fast and its RSI (Relative Strength Index), a measure of price momentum, shows it’s currently “overbought,” there’s a chance the price could pull back a bit.
The RSI has tried twice to dip below 70, which would signal a shift in momentum, but it hasn’t happened yet. Keeping an eye on the RSI could help predict when a pullback might occur.
Immediate support rests at $3.00, with a break below bringing support at $2.80 into play. Lower down we have support around the $2.60 handle and the 200-day MA at $2.38.
Price Predictions for the Rest of 2025
Predicting cryptocurrency prices is difficult due to their volatility, but here’s what some analysts are suggesting for XRP’s performance in the coming months and until the end of the year:
For August 2025: Some forecasts suggest XRP could continue its strong momentum, possibly aiming for the $3.40 to $4.00 range. This optimism is fueled by ongoing positive market sentiment and potential further institutional interest. However, a short-term pullback is also possible given its recent rapid rise.
Until the end of 2025: The outlook varies, but many experts are generally optimistic.
- Bullish scenarios suggest XRP could reach $5 or even higher, potentially going as high as $10 to $15 by December. These predictions often hinge on:
- Regulatory clarity: The ongoing legal situation with Ripple in the U.S. being fully resolved in its favor.
- ETF Approvals: The approval of spot XRP Exchange-Traded Funds (ETFs) in the U.S., which could bring a lot of new investment.
- Increased adoption: More financial institutions using RippleNet for cross-border payments.
- Broader market strength: If Bitcoin and Ethereum continue their bull runs, XRP often follows with significant gains.
- More conservative estimates suggest XRP might average around $2.40 to $3.50 by year-end. This implies that after its current rally, there could be a period of stabilization or a moderate correction before any significant further climb.
- Bearish outlooks are less common but exist, suggesting a possible retreat to the $1.80 to $2.00 range if market sentiment sours, regulatory hurdles reappear, or adoption rates don’t meet high expectations.
Overall, the prevailing sentiment for XRP for the remainder of 2025 appears cautiously optimistic, heavily influenced by regulatory developments and the overall health of the cryptocurrency market. Investors should be prepared for continued volatility.
