XRP has been wildly bullish lately, outperforming several large-cap cryptocurrencies like Bitcoin.
Most of the cryptocurrency’s bullishness comes amid reports of SEC Chair Gary Gensler stepping down.
Despite being up by 50% over the last week, XRP is still 150% beneath its previous ATH.
Analysts generally predict between $1.76 and $8 for XRP within the current cycle.
XRP has had a wild few weeks. But things might be about to get even wilder.
The cryptocurrency is enjoying a remarkable 50% rally and outperforming major cryptocurrencies like Bitcoin, Ethereum, and Solana.
The market's overall bullish tone has held up its price action. Despite its success, analysts believe XRP is only getting started.
Here’s everything to know about this hidden gem.
According to CoinMarketCap data, XRP has surged by more than 45% over the past seven days.
This has helped it to dwarf the gains of other giants like Bitcoin, Ethereum, and others.
CoinMarketCap data also shows that the cryptocurrency has recorded a staggering price growth of around 194.5% over the last month.
This completely dwarfs Bitcoin’s 47.5% rise and Ethereum’s 33.4% increase.
XRP’s price performance
Despite the cryptocurrency's current price of around $1.55, it still needs to make a 150% rally before hitting its previous all-time high of $3.84.
This gap alone shows that despite XRP's success so far, it still has a wide margin to cover in terms of growth potential compared to others like Bitcoin and Ethereum.
Analysts generally believe that this positioning gives XRP a lot of room for upward momentum before this bull cycle ends.
CrediBULL Crypto is one of the analysts who is most bullish on XRP.
In a recent tweet, the analyst mentioned that the cryptocurrency will reach a new ATH “much earlier than expected.”
Interestingly, while he failed to provide a specific timeline or figure, he emphasized that XRP could soon outperform Bitcoin and Ethereum.
The analyst mentioned the XRP/ETH trading pair, which recently retested a four-year range and reentered the upper channel attached to the tweet.
Because of this, he expects XRP to rise by an impressive 250% against Ethereum by 2025.
Analysts like Ali Martinez also expect that the $2 mark is the next target for the cryptocurrency.
XRP to $2
These analysts believe that XRP breaking through this resistance could pave the way to a new ATH.
Many optimistic traders even pin the $5 mark as a target for the cryptocurrency if the regulatory clarity continues to improve.
Interestingly, Raoul Pal, a former Goldman Sachs executive cum trading strategist, shares this optimism.
In a recent reply to a commenter under one of his posts, the analyst mentioned that he had held on to some of his XRP holdings since 2020, when Ripple's legal troubles began.
Pal’s confidence aligns well with the broader outlook for the cryptocurrency, especially if Ripple’s ongoing legal challenges are resolved.
The legal saga between Ripple and the U.S. Securities and Exchange Commission has also been a major determining factor in the cryptocurrency’s future.
Ripple's operations have been held back since the SEC began its lawsuit in 2020. As a result, XRP was delisted from many exchanges, and its adoption dwindled.
However, this narrative took a dramatic turn with Gary Gensler's resignation as the SEC chair on January 20, 2025.
Gensler’s departure has fueled hopes for many in the crypto industry and even set a precedent for XRP's current rally from $1.2.
XRP to climb higher with Gensler gone
Many market observers believe that Gensler’s exit could speed up the resolution of the ongoing Ripple-SEC suit and boost XRP’s prospects.
AI-powered market analysts have also weighed in, with Google’s Gemini seeing a relatively conservative $2 mark and Microsoft’s Copilot seeing a possible rise to between $1.76 and $5 if regulatory clarity improves.
Possible rally to $5
XRP is becoming one of the most popular choices for investors in 2024 and beyond.
So far, it has captured the attention of both retail and institutional investors, as it makes its way upwards to $2.
Whether the $2, $5, and $8 targets fall in after remains to be seen.
However, the future of cryptocurrency will depend mainly on the regulatory landscape and investor sentiment.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.