- XRP cout hit $6.4 by March 2025 or earlier, predicted an analyst.
- The linear regression indicator shows that XRP might hit $27 by the end of the cycle.
- XRP retained $2 in the past 24 hours and surged as high as $2.14.
Predicting XRP’s price is important for traders, with price action serving as a key indicator to chart the token’s future trajectory. The fourth-largest digital asset by market capitalization dropped nearly 11% in the past 24 hours but held firm above $2 after recently reaching $2.14.
Analysts rely on tools like linear regression models to predict future price movements, as price action often dictates market sentiment, leading narratives in the crypto space. While XRP hit a multi-year high of $2.86, it still trades 47.54% below its all-time high of $3.84, with fresh forecasts pointing to a sharp rally ahead.
And so, in this case, analyst “EGRAG CRYPTO,” in a post on X (formerly Twitter), made use of linear regression to analyze XRP’s price movement. This technical tool helps traders time entry and exit points by identifying overbought and oversold levels through the upper and lower bands.
Key Levels to Watch
According to the analyst, XRP could reach $6.4 by March 2025 or earlier, aligning with the top end of the regression channel. A breakout above this channel may propel XRP to $8.5, signaling a potential new all-time high after seven years.
The $4.4 price level is seen as critical, as noted by the analyst, serving as a stepping stone to higher targets. He predicts that the current cycle’s top could range between $13 and $27.
Bullish Catalysts Driving XRP
Several factors could drive XRP toward these ambitious targets. Ripple is expected to benefit from pro-crypto policies under the upcoming U.S. administration, with the Securities and Exchange Commission (SEC) likely to drop its long-standing lawsuit against the fintech firm.
Read also: XRP Price Could Skyrocket if Bitcoin Market Cap Ratio Restored
Additionally, the approval of spot XRP exchange-traded funds (ETFs) in 2025 could significantly boost market sentiment, potentially pushing prices toward $10. Rising adoption of the XRP Ledger and the launch of Ripple’s RLUSD stablecoin may further support XRP’s ascent and its bid to reclaim a top-three position in the cryptocurrency market.
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