News

XRP Price Could Hit $250 by 2025 in Current Cycle, Says Analyst

  • Block Bull predicts XRP could reach $250 by 2025, based on cyclical patterns and Bitcoin halving events.
  • XRP’s price has historically peaked following Bitcoin halvings, with the next peak expected in October 2025.
  • XRP’s realized market cap stands at $55.2 billion, indicating steady investor valuation despite market volatility.

Block Bull, a YouTuber and cryptocurrency expert, projects that XRP will hit $250 by 2025. His approach is predicated on long-term trend lines, past price movements, and Bitcoin halving events. 

Read CRYPTONEWSLAND on google news

According to Block Bull’s research, since 2017, the price of XRP has consistently followed a cyclical pattern, suggesting that the current cycle has a good outlook.

Block Bull’s charts emphasize numerous critical features, including breakout points and  #BitcoinHalving events, which have historically coincided with big price gains in #XRP. According to his analysis, each cycle lasts approximately 77 weeks from breakout to peak. With the latest Bitcoin halving occurring in April 2024, Block Bull anticipates the next major peak for XRP around October 2025.

Historical Trends and Current Market Data

XRP’s price history shows a correlation with Bitcoin halving events. Following the 2016 and 2020 halvings, XRP reached market peaks in alignment with these events, reinforcing the cyclical behavior observed by Block Bull. His prediction for XRP’s price to reach $250 by 2025 is rooted in these historical trends and patterns.

As of press time, data indicates that XRP is trading at $0.5001 and has a $27.65 billion market capitalization. Historical data and Technical analysis suggest that there is potential for long-term growth despite a recent drop. A period of consolidation precedes any notable market changes, as indicated by technical indicators such as the Relative Strength Index (RSI) and the Exponential Moving Average (EMA).

As of April 2024, XRP’s realized market capitalization, which reflects the average price at which each unit last changed, was roughly $55.2 billion. This metric has shown stability over the past months, peaking at $56 billion. Despite fluctuations, the realized market cap suggests steady investor valuation amid market volatility.

Read Also:

Ronny Mugendi

Ronny Mugendi is an expert crypto writer specializing in blockchain technology and digital finance. He delivers clear, insightful content that demystifies complex crypto topics for a wide audience. Ronny's work is known for its depth, accuracy, and engaging style.

Recent Posts

Presale Rivalry: BlockDAG’s X1 App Raises the Stakes with $56.6M, Challenging TRON & AVAX!

Explore #BlockDAG's upcoming #X1MinerApp, set to transform the altcoin market by enhancing the presale wave…

34 mins ago

German Government Dumps Over $100 Million Worth of Bitcoin

The German government sold $100M BTC, driving prices to $53K. 5,000+ BTC went to Coinbase,…

59 mins ago

Premier Layer 1 Crypto BlockDAG Hits 12B Coin Sales; Positive Outlook for Chainlink and Injective

Discover BDAG’s edge over #Chainlink with top-notch security and stable architecture, despite #Injective's market fluctuations.…

2 hours ago

Crypto Crash: FTM, PEPE, and LDO down 10%, Investors are hedging market volatility with this new viral altcoin

Top #altcoins #FTM, #PEPE, and #LDO all crashed at least 10%, as downside #cryptomarket volatility…

2 hours ago

Dogecoin Remains a Popular Means of Exchange, Will DOGE Pump Soon?

Discover how Dogecoin has transformed from a meme-based crypto to a preferred payment method. #Dogecoin…

5 hours ago

VeChain Price Chart Shows Signs for a Bullish Rebound as Support Levels Await a Proper Retest

#VeChain shows major signs for a #bullish rebound as its support levels await a proper…

5 hours ago