Ripple News: XRP Price Eyes Breakout – $2 by 2025?

Since mid-July, XRP has been stuck in a narrow range between $0.52 and $0.60, despite its hefty fully diluted market valuation of $58.6 billion. Even with an impressive daily trading volume of $1.5 billion, the large-cap altcoin continues to face stiff resistance from a stubborn macro falling logarithmic trendline.

However, as Ripple’s legal battle with the SEC continues, the question remains: Can XRP break through and rally higher?

XRP Awakens – Is a Rally Coming?

In the past 24 hours, XRP has edged up by 0.82% to reach $0.588, reflecting a weekly gain of 4.16%. This positive movement coincides with growing optimism across the broader crypto market. Key drivers include renewed interest in cross-border payments and the launch of the Grayscale XRP Trust, which has further boosted confidence in XRP’s utility.

The Trust, open exclusively to accredited investors, underscores strong institutional faith in XRP’s role in facilitating international money transfers through the XRP Ledger, a distributed network designed for efficient global transactions.

Ripple CTO David Schwartz Speaks Out

Ripple’s CTO, David Schwartz, recently shared his thoughts on XRP’s price trajectory. In response to an X user who suggested that Ripple was suppressing XRP’s value, Schwartz confirmed his holdings and expressed a clear desire to see the price rise. “I hold XRP,” he emphasized, adding that he certainly would if he could push the price higher.

Schwartz highlighted an often-overlooked consequence of lower XRP prices: higher payment costs. Using Bitcoin as an example, he explained that lower prices make it less practical for payments, stating, “Lower prices for XRP make XRP payments more expensive.” 

Can XRP Escape the Price Rut?

Schwartz’s comments rekindle a long-standing debate, dating back to his 2017 tweet, where he claimed that XRP couldn’t remain “dirt cheap” if it were to handle large financial transactions. Despite frustrations over XRP’s current price, Schwartz remains optimistic, believing the token will eventually reach a valuation capable of powering massive international payments.

Here’s When We Can Expect a Breakout

XRP has been in a sideways pattern, but a potential breakout is on the horizon as Bitcoin targets the $100K-$150K range. A run to $2 by 2025 seems possible, particularly with the SEC case nearing its end and whales accumulating 380 million XRP in the last 10 days. With Bitcoin rallying and market sentiment turning positive, XRP could see significant gains as smart money positions itself for a major move.

Is this the moment for XRP to break and silence the haters? We have to wait and watch XRP’s next move.

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