The post XRP At $15? Analyst Looks Back To 2017 To Predict The Future appeared on BitcoinEthereumNews.com.
XRP is presently the focus of interest in the cryptocurrency market, with many speculators forecasting a large price increase in the months ahead. As of January 13, 2025, XRP is trading about $2.39, following a significant recovery from a previous slump. Analysts are optimistic, predicting that if XRP can reproduce even half of its amazing 2017 run, it might reach $15. Related Reading The Path To $15 XRP’s prospective price of $15 is not a random assumption; it is based on historical performance and current market factors. In 2017, XRP had an incredible rise of more than 1,300%. If it can follow a similar path this time, a $15 price tag is within reach. Market expert Bobby A notes that XRP’s current moves are similar to its previous history, which frequently precedes large upward increases. XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle. From its range-high breakout in 2017, as illustrated by the horizontal black dashed line above, XRP initially appreciated by 629%. From its range-high breakout in 2024, XRP has… pic.twitter.com/Cz7guxjFus — Bobby A (@Bobby_1111888) January 1, 2025 Factors Driving The Surge There are a number of reasons for the present upbeat sentiment around XRP. One is the changing political climate in the US following Donald Trump’s reelection, which many believe will lead to more pro-crypto legislation. The second is the hiring of pro-crypto SEC commissioners, who may settle unresolved legal matters for XRP’s creator, Ripple. For institutional investors, who have been reluctant to enter the market because of ongoing legal battles, this legislative stability is essential. XRP market cap currently at $141.5 billion. Chart: TradingView.com The altcoin has also become a feasible medium of exchange for international payments, solidifying its position as a pioneer in financial innovation. Ripple’s expanding…