As the year 2024 comes to an end, the cryptocurrency community is eager to see what the coming year holds. Throughout the past 12 months, several assets in the market recorded a notable uptick. Certain cryptocurrencies like Bitcoin (BTC) and Solana (SOL) managed to record new all-time highs. Amidst this, Ripple’s XRP also stands out despite its inability to reclaim its peak. Can the altcoin hit a new high in 2025?
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XRP’s Weekend Struggles
At press time, the altcoin was trading at $2.19. This comes after a nearly 3% price drop over the past 24 hours. Ripple’s cryptocurrency had a rather tough week as it saw a 9% downfall throughout the last seven days. Despite this, the asset’s monthly gains are at 40%.
While the community has increased hopes for the cryptocurrency, XRP continues to remain 43% below its all-time high of $3.84. The asset hit this peak back in 2018, which is about seven years ago.
🚨 🚨 🚨 🚨 🚨 50,000,000 #XRP (111,697,462 USD) transferred from #Ripple to unknown wallethttps://t.co/nWwkUGOhWA
— Whale Alert (@whale_alert) December 21, 2024
Apart from its price change, the XRP market witnessed the movement of a large chunk of the altcoin. Ripple reportedly moved 90 million XRP in two different transactions, according to tracker Whale Alert. In the first transaction, 50 million XRP, or around $111,697,462, was sent to an unidentified wallet via Ripple. Soon later, 40 million XRP, worth $89,678,944, was transferred from Ripple to an unidentified wallet in a second transaction.
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2025 Price Prediction
According to data from CoinCodex, It is projected that XRP will trade in a range of $2.13 to $4.52 in 2025, resulting in an average yearly price of $2.98. Compared to the present rates, this may yield a potential return on investment of 105.49%.
Also Read: Top 3 Cryptocurrencies To Watch For New Year 2025
As seen in the image above, the asset will reach its new all-time high of $4.52 in the month of March. The community will reap the benefits of investing in the altcoin sooner rather than later.