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XRP Price Prediction: $21 by 2025, Says Expert Analyst

The post XRP Price Prediction: $21 by 2025, Says Expert Analyst appeared first on Coinpedia Fintech News

In an intriguing twist, XRP, the digital currency linked with the blockchain company Ripple, has once again seized the spotlight, marking a new chapter in its journey.

In the wake of Rippleā€™s recent legal victory over the U.S. Securities and Exchange Commission (SEC), an esteemed cryptocurrency analyst, known by the moniker ā€œCoinsKid,ā€ has painted an encouraging vision for XRPā€™s path ahead.

According to this insightful analyst, thereā€™s a chance that XRP could experience a remarkable upswing, potentially reaching an impressive $21 in the years to come.

Bright Horizons Ahead

ā€œCoinsKid,ā€ renowned for his meticulous weekly assessments of XRPā€™s price fluctuations, has presented a comprehensive evaluation through a video on his YouTube channel. His astute examination uncovers a pivotal breakthrough that could shape XRPā€™s destiny ā€“ the 78.6% Fibonacci retracement level, currently positioned at $1.30.

Conquering this significant benchmark could signal a compelling opportunity to buy, potentially propelling the cryptocurrency to an impressive $21 by 2025.

Read More: Ripple Vs SEC : ā€˜If the SEC Appeals, It Will Backfire,ā€™ Says Former Wealth Manager

A Bullish Wave is About to Hit Us!

Peering even further into CoinsKidā€™s analysis, it becomes apparent that XRP has been riding a substantial bullish wave since 2020. The recent phase of correction is perceived as a natural ebb and flow within the overarching bull market cycle. This perspective underscores CoinsKidā€™s unshakable faith in the enduring potential of XRP.

At the present moment, XRP is trading at $0.643, reflecting a modest gain of 2.19% over the past 24 hours. Nonetheless, the past week has witnessed a decline of 9.6%. However, when viewed on a monthly scale, XRP showcases impressive resilience with a robust gain of 32.54%, portraying its dynamic nature and adaptability.

Stay Cautious, Folks!

Keen market observers note that the recent corrective downturn in XRPā€™s price could be attributed to investors capitalizing on the cryptocurrencyā€™s elevated prices. This phenomenon has brought sellers into the fray, while potential buyers appear to be exercising caution, likely in response to ongoing market uncertainties.

Related: Why Was XRP Excluded From CoinGeckoā€™s List of Alleged Securities?

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