Ryan Lee, the Chief Analyst at Bitget Research wrote in the latest note that Ripple (XRP) is en route to $5. He wrote that the leading altcoin could get there before the end of 2025 fueling a significant surge in price. The altcoin is rangebound at $2.13 on Wednesday and is down in the charts by 3.5% in the day’s trading session.
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Lee explained that Ripple’s XRP is set to rebound in value hinting at traders to accumulate the ongoing dips. Bitget Research is bullish on XRP’s momentum this year as sizeable global institutional funds are eyeing it as an investment. The trend started after the SEC approved the Bitcoin ETF to go live in March last year.
Ripple: Why Would XRP Rise To $5? Bitget Analyst Explains
The Bitget analyst revealed that institutional clients are allocating global corporate funds to Bitcoin, Ethereum, and Ripple’s XRP. He wrote that institutional treasuries are holding over $470 million worth of the altcoin in their portfolios. The numbers could swell soon as many more funds are joining in on the bandwagon.
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Lee wrote that Webus International owns $300 million worth of Ripple’s XRP in its portfolios. In addition, VivoPower has invested $121 million in the altcoin Wellgistics has allocated $50 million, which are all sizeable amounts. The analyst highlighted that the altcoin has a low cost but high appeal among institutional funds for its role in the fintech markets.
In conclusion, he summed it up saying that Ripple’s XRP is en route to $5 by the end of the year. That’s an uptick and return on investment (ROI) of approximately 135% from its current price of $2.13. Therefore, an investment of $1,000 could turn into $2,350 if the forecast turns out to be accurate. That’s a significant amount of profits as very few financial assets double investors’ money in a short period.