Ripple (XRP) has been a hot topic in the news throughout the year 2023, especially with regard to its lawsuit with the U.S. Securities and Exchange Commission (SEC) and its subsequent victory over the regulatory body. It is thus only natural for the cryptocurrency community to wonder what its price could do next following its successful year.
Probably the biggest question on people’s minds is whether XRP will reach $1, and when this will happen. One prediction shared by Changelly via their blog suggested that XRP may trade at an average price of $0.737 towards the end of this month.
It was also predicted that XRP may drop slightly to an average trading price of $0.736 in 2024. The blog post, however, did mention that XRP could finally break above $1 in 2025.
Analysts predicted that XRP could then trade at an average price of $1.34. Furthermore, the altcoin is expected to reach a maximum price of $1.67 during 2025 as well, according to the blog post.
Meanwhile, a previous analysis performed by CoinEdition showed that XRP may trade at an average price of $0.585 this December. During 2024, the remittance token could then peak at just below the $1 milestone at around $0.9346.
By 2025, XRP may reach an average trading value of $1.283. However, it is important to note that this will only be likely if the altcoin can break through past psychological resistance levels.
Although there are some differences when it comes to where XRP’s price is predicted to trade over the next few years, there is one thing most analysts seem to agree on. XRP will likely only surpass the $1 mark in 2025.
XRP / Tether US 1D (Source: TradingView)
At press time, CoinMarketCap indicated that XRP was trading hands at $0.6433 after its price experienced a 0.45% decline over the past 24 hours. However, the altcoin’s price did manage to climb by more than 5% in the past week.
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