Strong Supporting Factors Behind XRP’s Potential Price Rise in the Crypto Market According to Analysts

Jakarta, Pintu News – The cryptocurrency Ripple has once again become the talk of the global cryptocurrency industry. This has been triggered by a number of analyses and predictions stating that XRP has great potential to experience a significant price surge in the next few years.

One analyst even predicted that XRP’s market capitalization could reach $693 billion or around Rp11,778 trillion (1 USD = Rp16,995), far beyond its current position. The prediction is based on a combination of fundamental, technical, and corporate strategy factors carried out by Ripple Labs, the company behind XRP.

Ripple’s Strategic Acquisition Boosts XRP’s Role

An important step taken by Ripple to strengthen its position in the financial industry is the acquisition of Hidden Road, a leading prime brokerage firm. This acquisition was carried out with a value of $1.25 billion or around Rp21.2 trillion. Hidden Road itself is known as a provider of custodial services and financial solutions for digital and traditional assets.

With this move, Ripple is not only focusing on payment services as before, but also expanding its business into the field of crypto asset custodian and financial intermediary services. This shows Ripple’s ambition to build a new financial ecosystem that integrates blockchain and crypto technology, with XRP as the bridge.

The acquisition also reflects Ripple’s strategy of not just forging partnerships, but directly owning key companies in the digital finance ecosystem. The integration between the XRP Ledger platform (XRPL) and XRP is expected to strengthen XRP’s role in connecting the traditional and digital financial worlds more broadly.

Also Read: Bitcoin (BTC) is recovering, but big hurdles still loom in April 2025

Technical Indicators Point to Potential XRP Rebound

In terms of technical analysis, XRP has shown considerable resilience amidst crypto market pressure. One important indicator is its ability to stay above the 100-week moving average. This shows that the long-term bullish momentum is still intact.

In addition, the formation of a doji pattern on the XRP price chart signals a potential trend reversal from bearish to bullish. XRP also appears to have retested important support levels, specifically at the upper limit of the cup and handle pattern formed from 2021 to 2024. This pattern is often considered a positive sign for the continuation of an upward trend in price in technical analysis.

Current XRP Market Conditions and Future Projections

Although the price of XRP has declined in recent days, long-term projections from various analysts continue to show growth potential. Currently, the XRP price is at $1.74 or around Rp29,552 per coin, recording a decline of 7.11% in the last day and 17.44% in a week.

Nevertheless, various optimistic factors such as strategic acquisitions, positive technical signals, and the support of large institutions suggest that XRP still has a chance to recover and print new highs. In fact, there are predictions that the price of XRP could reach $5.5 or around Rp93,472 by the end of 2025 and potentially rise to $12.5 or around Rp212,438 by 2028.

If this scenario materializes, XRP’s market capitalization is expected to jump to $693 billion, making it one of the highest-valued crypto assets in the world.

XRP Challenges and Opportunities in the Crypto Industry

While the prospects for XRP look promising, challenges certainly remain. One of them is the fluctuation of crypto prices, which is heavily influenced by external factors such as regulations, global economic conditions, and market sentiment.

However, Ripple’s aggressive strategy of acquiring key companies and strengthening its blockchain-based financial infrastructure could be a major force for expanding XRP adoption. In addition, positive developments related to the clarity of crypto regulations in various countries also have the potential to support the growth of the Ripple and XRP ecosystem.

With more and more financial institutions starting to look at blockchain technology and cryptocurrencies as part of digital transformation, XRP has a great opportunity to become one of the main tools in connecting the traditional financial system with the crypto world.

Conclusion

XRP is currently at an important juncture in its development journey as a crypto asset. With strong support from Ripple through strategic acquisitions, technical signals indicating a potential rebound, and a growing market outlook, XRP is expected to have a promising future. Nonetheless, price movements and target realization remain dependent on many external factors and the overall development of the crypto industry.

Also Read: First XRP ETF in the US Launched, Provides New Investment Opportunities!

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News Flash. 3 Reasons XRP Could Skyrocket as Analyst Eyes $693 Billion Target. Accessed April 10, 2025.
• Featured Image: Generated by AI