According to an expert, XRP price hitting $25 is not a question of if, but when. This analyst outlines that this double-digit target is within reach and outlines this massive success to the upcoming US presidential elections.
The US presidential elections is currently tied between Donald Trump and Kamal Harris. According to Polymarket data, there is a 64.4% chance in favor of Trump becoming the 47th president of United States of America. The analyst adds that if Trump wins, Bitcoin could hit $100,000, Ethereum – $10,000 and XRP at $25.
On the other hand, the analyst adds that if Kamala Harris wins, the targets would be much lower, Bitcoin, Ethereum and XRP would reach $85,000, $6,000, and $1, respectively. He added,
“Regardless of who wins, it’s going to reduce uncertainity in markets and crypto is going to go up regardless. In fourth quarter of halving years, there’s always been a huge increase in price of crypto.”
Following a brief market recovery in the past few days, Ripple is holding steady, showing signs of another consolidation pattern. This stability has analysts expressing optimism and an upcoming rally, with some forecasting a potential surge in XRP.
Crypto Analyst Predicts XRP Price to Hit $25
A crypto analyst recently posted on X discussing a potential $25 price target for XRP. According to analysts, this significant increase is not merely a far-fetched dream but a realistic possibility.
He suggests that if Donald Trump were to be re-elected and Gary Gensler, the current SEC Chair, were to be replaced, this could pave the way for XRP’s substantial rise in value.
$25 $XRP? It’s not just a dream—it’s within reach. Trump elected, Gensler fired and it’s possible. #XRP #XRPArmy REPOST THIS! pic.twitter.com/w1SgVqvOhP
— Armando Pantoja (@_TallGuyTycoon) October 31, 2024
XRP Price Analysis: Can Ripple Break Key Resistance Levels?
Over the past 24 hours, the latest XRP price has experienced a slight decline of 0.61% at $0.5202. The XRP price hovered between $0.5157 and $0.5255, indicating minor fluctuations. The digital currency’s movements reflect broader market trends, with minor spikes and dips occurring throughout the day.
XRP is currently facing strong resistance near the $0.52 mark, If the top altcoin breaks through this zone, it could set its sights on the $0.60 level, another potential hurdle. The ADX indicator, with a current reading of 17.13, signals minimal trend strength.
The whale transactions in the cryptocurrency reveal a strong link to price movements. Peaks in large transactions during July and August align with notable price increases. These high-value transactions declined, indicating that whale activity might significantly impact XRP’s market trends and overall behavior.
XRP’s recent stability and analyst projections indicate a potential upward trajectory, with a $25 target viewed as achievable under specific conditions, such as key political shifts. This optimistic outlook, combined with market trends and whale activity, may significantly shape XRP’s future movements.
The post Top Reasons Why XRP Price Will Hit $25 Soon: Expert appeared first on CoinGape.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed