Ripple (XRP) is currently one of the most promising cryptocurrencies to ever exist in the market. The token has withstood the test of time and patience to reach the top market spot after fighting significant battles with key authority figures. The token presently is battling multiple market forces to stay on top of the radar. At the same time, a bullish price prediction indicates XRP’s push to $7. Will it be able to claim this mark anytime soon? Let’s find out.
Also Read: Dolce & Gabbana’s $1 Million Digital Suit Now Fractionalized—Own a Slice of High Fashion
Can Ripple Hit $7?
XRP needs no further introduction, as the token is already making significant waves in the market as of late. From Ripple’s RLUSD launch to the token being considered befitting for XRP ETF developments, the token has truly come a long way. In the middle of this, Egrag Crypto has come up with a new bullish price prediction for XRP.
Per the expert, XRP is already brewing a stellar price hike to $7, which could be on the cards for the token to be claimed very soon.
While explaining the current situation in depth, Egrag Crypto shared how XRP is already consolidating, which is a bullish sign for the token to leverage at the moment.
“⚪️What’s Happening with #XRP?#XRP has broken out of the white channel and is consolidating above it. This is an extremely bullish signal, often leading to strong momentum, especially on the monthly time frame.”
The analyst later shared how XRP may easily move towards claiming the top $7 if the market forces permit. However if XRP manages to mirror its bullish 2017 wave, the token may rally 2300% to hit $44, which is an extremely ambitious price spot to predict and leverage.
“⚪️The chart below presents two possible approaches: ▫️Approach 1⚡: White Channel Measured Move Based on the breakout. The measured move targets $7.5+. ▫️Approach ⚡2: 2017 Wave 3 Repetition. If #XRP mirrors its 2017 Wave 3, which was the most powerful move. It could rally 2,300% upon closing above the white channel—this would put #XRP in the $44 range.”
#XRP – The Channel is Telling a Story ($7.5 or a Historic Pump to $44!)
⚪️General Rule of Thump in TA
In technical analysis, it's essential to ignore the noise and focus on what the chart is actually showing. 📊
Think of charts like an ECG (electrocardiogram)—a doctor doesn’t… pic.twitter.com/GcRoumLAq0— EGRAG CRYPTO (@egragcrypto) February 23, 2025
Also Read: A Hidden Fed Decision? Why XRP, XLM, and HBAR Could Be at the Center of It
The Token’s Immediate Price Target
While Egrag Crypto’s analysis is quite ambitious, CoinCodex predicts XRP to hit $2.68 by the end of March 2025.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 0.78% and reach $ 2.68 by March 23, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 55 (greed). XRP recorded 12/30 (40%) green days with 10.29% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
If XRP ETFs are approved, followed by the US SEC vs. Ripple case officially concluding, these two conditions can help the token aim for better price milestones.
Also Read: Gold Prices Hover Near Record Peak