XRP is used to wild value fluctuations. The asset skilled its worst interval from December 2020 to late 2024. It was solely after the SEC vs. Ripple case neared its conclusion that XRP started to rise. XRP rose to an all-time excessive of $3.65 in July of this yr, its highest value in additional than seven years. Nevertheless, the worth of XRP has been steadily declining since its July highs, dropping greater than 47% from its peak. In keeping with CoinGecko knowledge, XRP is down 0.1% up to now 24 hours, 4% week over week, 7.6% on the 14-day chart, 0.5% month over month, and 12.9% since December 2024. Let’s talk about whether or not XRP can rise to $2 by the top of the yr.
Might XRP rise to $2 because of elevated demand?
XRP is without doubt one of the hottest cryptocurrencies in the marketplace. Nevertheless, this asset doesn’t appear to be in a lot demand on the $2 degree. The value of XRP appears to be settling across the $1.90 to $1.95 degree. Actually, the bigger crypto market itself is exhibiting indicators of consolidation. Bitcoin (BTC) might high out close to the $88,000 to $89,000 degree. Different cryptocurrencies are merely following within the footsteps of BTC.
If Bitcoin (BTC) can regain the $90,000 value degree, XRP might attain the $2 mark. The unique cryptocurrency is at the moment struggling to interrupt above the $89,000 degree. BTC’s struggles are doubtless affecting XRP and different belongings as nicely.
XRP additionally launched a number of spot ETFs earlier this yr. Greater than $1 billion has flowed into XRP ETF merchandise thus far. Though ETF inflows performed an vital function within the 2025 crypto market cycle, XRP ETF inflows weren’t sufficient to push up the asset value. Elevated ETF inflows might push XRP above the $2 mark.
