Crypto Analyst Forecasts XRP Price Surge to $20 – Are 18 XRP ETFs About to Launch?

Jakarta, Pintu News – Recent analysis from several crypto experts has recently pointed to the potential for a significant increase in the price of Ripple XRP0.39%->Current XRP PriceRp 40.8770.39%Market CapRp 2.308 TriliunTrading VolumeRp 262,59 TriliunCirculating SupplyRp 57,18 Miliar.

With news of a Ripple (XRP) ETF filing pending approval, many are optimistic that this will be the catalyst for an unprecedented price surge.

XRP Price Could Reach $20 with 18 ETFs on the Horizon?

In a post on X, Amonyx predicted that the price of XRP could potentially reach $20, noting that 18 XRP ETF filings have now been submitted to the US SEC.

Read also: Massive Win for Crypto: SEC Lawsuit Against Ripple Ends – XRP Declared Not a Security!

Some of the asset managers proposing these ETFs include Bitwise, Grayscale, 21Shares, Canary Capital, and WisdomTree, all of which plan to offer the Spot XRP ETF.

The existence of these XRP ETFs provides a bullish outlook for XRP as these funds will attract institutional investment into the crypto ecosystem, which could eventually trigger a parabolic price surge, as predicted by Amonyx.

Furthermore, the analysis revealed that the ETF approval could be a catalyst for XRP to break through resistance levels at $5 (IDR82,335) and $10 (IDR164,671), towards higher price targets.

In addition, crypto analyst Steph also recently predicted that XRP could reach $30. This prediction is based on historical patterns and technical indicators, where XRP has successfully broken through neckline resistance, confirming a double-bottom breakout pattern that indicates a bullish trend.

XRP Price Correction Has Ended

In a post on X (3/17/25), crypto analyst Dark Defender stated that the major correction on the weekly, daily, and 4-hour timeframes for XRP price has ended.

He warned that there will still be minor fluctuations, but emphasized that the worst phase has already passed. The analyst also revealed that XRP has started Wave 1, with a price target of $5.85, which would be a new all-time high for the altcoin.

Read also: Bitcoin Price Crawls Up to $86,000 Today (3/20/25): Analysts Highlight BTC’s Bullish Indicators!

According to him, the key support levels are at $2.30 and $2.22, while the key resistances are at $3.39 and $5.85. He also mentioned that next week will be an interesting moment, with a possible price breakout that could happen in the near future.

Meanwhile, crypto analyst CasiTrades (3/18/25) highlighted $2.70 and $3.05 as resistance levels to watch. He emphasized that XRP needs to break these levels to confirm an advance into the next wave.

However, CasiTrades also warns that although XRP is still holding strong at the $2.25 support level, if the price drops below this level, it could fall further to $1.90 or even to $1.54.

On the other hand, although the outlook for XRP looks bullish, legal expert Bill Morgan cautions that the Ripple vs. SEC legal case could still negatively impact the price of XRP.

He noted that without a legal settlement, uncertainty could still loom, potentially undermining investor confidence.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Analyst Predicts XRP Price To Reach $20 With 18 XRP ETFs On The Horizon. Accessed on March 20, 2025