As the SEC case unfolds and the market anticipates Gary Gensler’s next move, many are asking just how high XRP could go by 2025. According to analyst Cheeky Crypto, a key factor in XRP’s price performance is market liquidity. Since 2022, XRP has shown a highly liquid market characterized by relatively stable price action. This stability is essential for long-term growth.
Analysis of historical patterns suggests that 2025 could align with a bull market peak for XRP. Key periods on the charts signify important trends: the red area represents bear market lows typically seen two years after a U.S. election, while the orange area indicates the third year post-election. Here’s a chart shared by the analyst:
The light yellow area marks the election year, and the green area represents one year after the election, historically associated with bull market peaks. Given this context, 2025 is expected to be pivotal for XRP, mirroring broader trends in the cryptocurrency market.
The analyst said that the Elliott Wave Theory suggests a five-wave pattern that began in 2014 and peaked in 2017. After a downward trend into 2020, the pattern points to an upward breakout, forming an expanding diagonal or “megaphone pattern.”
This could lead to a massive XRP price surge, potentially between $135 and $717. The analyst explained that market cap, based on price and supply, doesn’t limit price potential. Instead, XRP’s price movement is driven by supply and demand, which investors should prioritize. However, this pattern doesn’t necessarily play out within a single bull market. It could take multiple bull markets to fully develop, as seen in the past, where price movements spanned several years.
However, he suggested that XRP might realistically target a price range between $5 and $10 in the next bull market, especially if the market remains in a corrective structure rather than an impulsive one. At the time of writing, XRP is trading at $0.60 levels, down by more than three percent in the last 24 hours.
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