bitcoin
Bitcoin (BITCOIN)
$104,378 2.81%
ethereum
Ethereum (ETHEREUM)
$2,492 -0.02%
binancecoin
BNB (BINANCECOIN)
$645.76 1.00%
solana
Solana (SOLANA)
$149.40 3.11%
ripple
XRP (RIPPLE)
$2.18 3.01%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.39%
pepe
Pepe (PEPE)
$0.000011 3.87%
bonk
Bonk (BONK)
$0.000015 2.93%
bitcoin
Bitcoin (BITCOIN)
$104,378 2.81%
ethereum
Ethereum (ETHEREUM)
$2,492 -0.02%
binancecoin
BNB (BINANCECOIN)
$645.76 1.00%
solana
Solana (SOLANA)
$149.40 3.11%
ripple
XRP (RIPPLE)
$2.18 3.01%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.39%
pepe
Pepe (PEPE)
$0.000011 3.87%
bonk
Bonk (BONK)
$0.000015 2.93%
bitcoin
Bitcoin (BITCOIN)
$104,378 2.81%
ethereum
Ethereum (ETHEREUM)
$2,492 -0.02%
binancecoin
BNB (BINANCECOIN)
$645.76 1.00%
solana
Solana (SOLANA)
$149.40 3.11%
ripple
XRP (RIPPLE)
$2.18 3.01%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 2.39%
pepe
Pepe (PEPE)
$0.000011 3.87%
bonk
Bonk (BONK)
$0.000015 2.93%
Disclosure
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XRP Price Prediction – XRP Could Rally to $5 If Price Breaches $2.31 Resistance

Highlights:

  • XRP trades in a broad range, but bulls appear to be strengthening
  • XRP rally through $2.31 resistance could pave the way for a rally to $5
  • Rising importance of XRP in real estate tokenization could trigger a price rally

XRP (XRP) is the only one of the top 10 cryptocurrencies making meaningful gains today. When going to press, XRP was up by 2.48% to trade at $2.25. XRP trading volumes also rose by 22% to stand at $2.45 billion. XRP’s intra-day price action and volume data indicate that investors are increasingly warming up to the idea that XRP could go parabolic if the cryptocurrency market enters a new bull cycle. This expectation is evident when analysts start to set high targets for XRP for the H2 of the year. 

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Analysts Increasingly Bullish on XRP

One of them is respected Dutch analyst Van Lagen, who believes XRP could hit a high of $38 within 2025. This is quite a big prediction because if it were to come true, it would translate to a price increase of 1600%. While this may seem unrealistic in other markets, it is nothing new in cryptocurrency. XRP did better in the 2017 cycle and would have repeated the same feat in 2020 had the SEC not instituted legal proceedings.

Now that the legal woes are over, there is a good chance that Lagen’s predictions, and those of other increasingly bullish analysts, could come true. Besides the cryptocurrency market’s speculative aspect, the fundamentals support a parabolic price move for XRP.

XRP Rising Use Case In Real Estate: A Bullish Signal

One of the big fundamentals likely to push XRP higher going forward is its growing use case in the real estate space. Leading the way is Dubai, which has already started the process of tokenizing its real estate market. Dubai estimates that 7% of its $700 billion real estate market will be on-chain by 2033. Since they are using the XRP ledger for tokenization, this could translate into a massive addition to the demand for XRP. The best part is that it is not only in Dubai that XRP finds a use case in real estate.

The use case is also growing in the United States. In the US, a company called Propy, which is known for facilitating crypto-based real estate transactions, has started accepting XRP for payments. Propy is quite a big deal, having facilitated over $4 billion in real estate transactions so far. This makes XRP undervalued at current prices due to the potential for a rise in demand. With asset tokenization expected to be the growth frontier for cryptocurrencies, XRP’s positioning makes prices like $38 conservative.

XRP Still at Risk of Correction If Bitcoin Turns Bearish

That said, XRP is still beholden to broader market moves, at least in the short term. Recently, BlackRock made a move that caught the market’s attention. Last week, BlackRock ETFs saw one of the largest outflows in their history. This week, BlackRock has moved Bitcoin worth $429 million to Coinbase, raising fears that they could be about to sell. This could signal to the market that the Bitcoin top is already in and a correction is coming. In such a case, altcoins, including XRP, could be headed lower in the short term. It would also mean that the 4-year cryptocurrency cycle for altcoins is broken. 

Technical Analysis – XRP Still In A Broad Consolidation

XRP is range-bound, oscillating between the $2.31 resistance and $2.10 support. If bulls take control and push XRP through the $2.31 resistance, a rally to $3 could follow in the short term.

XRP Price
Source: TradingView

On the other hand, if bears take control and push XRP through the $2.10 support, then a correction to prices below $2 could follow in the short term. How XRP moves in this context depends heavily on Bitcoin’s short-term price action.

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