A prominent member of the crypto community recently shared a bold prediction for the Ripple-backed cryptocurrency, XRP. His analysis suggests an imminent surge to the $40 mark before the end of the year. The forecast sparked discussion about the possibility of such a trend happening especially at a time when XRP is exhibiting significant bullish momentum.
XRP recently broke out of the $1 mark fueled by the broader crypto market enthusiasm and other macroeconomic factors. Currently trading around $1.12, on-chain data suggests that XRP added 1.26% in the last 24 hours with a 7.74% increase in its trading volume over the same time.
Experts Predict XRP to $40
In a recent post on X (formerly Twitter), Amonyx, a known crypto advocate, shared his analysis via a chart showing historical trends of XRP. According to him, the price has been confirmed and XRP will be expecting a “giga pump” soon.
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Source: X
His chart cites several consolidation patterns since 2017, when XRP experienced its last major surge, and shows key movements and peak points. The first part shows a bullish breakout of the triangular pattern to its all-time high of $3.31 in January 2018. Since that time, the price of XRP has been consolidating within a visible triangle closing in around the $1 mark.
Moreover, the chart suggests an imminent breakout of this triangle pattern, similar to the past, to a high of $40 between the end of 2024 and early 2025. While this analysis and prediction might seem overreached, it underscores the growing confidence of the XRP community members in the future of the token.
What Could Drive XRP to This Height?
XRP’s surge has been attributed to several factors in the crypto industry. One is the possible leadership change in the Securities and Exchange Commission (SEC), and another is the anticipation of a likely XRP ETF approval in the U.S. Notably, Ripple’s CEO, Brad Garlinghouse, has emphasized severally that approval of this product is “inevitable.” Approval of an XRP ETF will open the gate for institutional investment, leading to increasing demand and consequently a boost in the value of the token.
If a new SEC chairman takes over, with a crypto-friendly Trump administration, the approval of an ETF and ease of the regulatory chokehold could set the grounds for a significant surge that could take the coin to new highs.
Will XRP Hit $40?
Investors are still excited over the $1 XRP breakout for the first time since 2017. The movement ignited optimism and positive sentiment about the token’s trajectory. However, climbing to a high of $40 would require a combination of several significant factors including micro (within Ripple) and macroeconomic factors.
Nevertheless, it is important to note that several analysts have also predicted a similar price range for XRP coupled with proven historical movement. So, we may see a notable increase in the XRP value, but the specific time this will happen is not clear.
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Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.