Ripple is now inching towards establishing its price momentum. XRP is charting its price path and is trending in green at press time. The token is at $0.60, up 7.39% in the last 24 hours.
With Ripple forging new global alliances, the token is shifting its pace and claiming the path toward establishing its own institutional reputation. In the middle of it all, will XRP be able to claim the coveted $25 spot by 2025? One analyst thinks so.
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Ripple: XRP to Hit $25 By 2025?
According to notable crypto analyst Armando Panteja, XRP shows promising signs as it gains steady market momentum. The analyst shared that XRP is closer to hitting the $25 mark as multiple organizations steadily adopt the token to boost global operations.
For instance, Panteja shared an article snippet about the UAE and India having recently conducted a trade deal that used XRP as the main payment component. The nations ditched the US dollar for trade and adopted XRP to head a significant trade deal.
XRP is also currently deployed by Japanese banks as one of the leading payment settlement methods. This may give XRP a significant price boost, amping its prospects to hit price marks beyond the $1 level quite soon.
The Token’s Future Direction
According to Panteja, XRP is accumulating strong market momentum. This traction, combined with strong market forces, may help XRP claim a new price threshold in the near future. For instance, Panteja shared that the XRP currency price dynamics indicate the token hitting $25 very soon.
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“Me calling for a $25 XRP isn’t speculation; it’s solid technical analysis. With Fibonacci retracement levels and recent price action, it’s clear $XRP has strong momentum. If the market conditions align and we see a breakout past key resistance levels, $25 is just the beginning. #XRP”
According to Cointribune, VanEck’s Matthew Sigel believes XRP could hit the $25 price by 2050.