XRP has recently surged past the $3 mark, showing an impressive 459% year-on-year growth as of January 2025. This significant rise has analysts making bullish predictions for the token's future price. Notably, Mikybull Crypto has set a $8 price target, citing strong bullish fundamentals as contributing factors.
The favorable outlook for XRP is also possibly supported by the Trump administration's pro-crypto stance. Meanwhile, five XRP ETF applications are currently pending with the SEC, which could further contribute to positive market sentiment.
Other analysts have set varying targets as well: CasiTrades anticipates $3.80, CryptoBall projects between $13 and $20, and XBT Liquidators expects a range of $27 to $30, indicating a wide spectrum of potential outcomes depending on future developments.