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Analysts Say XRP Rally Is Just the Start – Price Prediction Models Turn Ultra Bullish
By: crypto news|2025/05/08 01:45:02
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Strong tailwinds have supported the price of XRP (XRP) over the past few months, helping it remain resilient despite broader market headwinds.Alongside Bitcoin (BTC), XRP is one of the only top 5 cryptocurrencies to post gains in 2025.Much of this strength stems from the U.S. SEC’s decision to drop its appeals against Ripple in the high-profile case over the sale of unregistered securities to the public.Analyst Steph is Crypto recently shared a straightforward XRP price prediction, outlining the token’s typical bearish and bullish cycles.Following the latest consolidation phase, the trader expects a major breakout – potentially sending XRP to the $12 level in the near future.This is the most bullish #XRP chart I've ever seen... pic.twitter.com/juCxT1Gdss— STEPH IS CRYPTO (@Steph_iscrypto) April 30, 2025Meanwhile, in a report published on Sunday, the company also highlighted that institutional adoption of XRP has been accelerating as reflected by multiple exchange-traded funds (ETFs) applications being filed by top asset management firms and the upcoming launch of XRP futures by the CME Group.Meanwhile, exchange-traded products (ETPs) linked to the token took in record inflows of $37.7 million during the first quarter of 2025 and have accumulated $214 million in inflows since the year started.Strong retail interest and faster-than-expected institutional adoption could push XRP back to its all-time high as market sentiment continues to improve.Daily Price Action Shows Big Upside Potential Ahead for XRPAn Elliott Wave analysis of the latest price action shows a favorable setup that could propel XRP to $7 in the next few weeks.The fifth Elliott Wave would deliver higher gains compared to the first wave, which took place in November last year when President Trump was elected and Ripple won its case against the SEC.If the price rises above the $3.6 level, this would confirm a bullish outlook. Based on this projection, XRP offers significant upside potential in the mid-term. The next bullish catalyst that could push the token to these higher levels could come from the Federal Reserve in the form of an unexpected interest rate cut.Momentum indicators in the daily chart have been trending lower lately as the recent rally has cooled down. However, as long as XRP stays above its 200-day EMA, as it has in the past few months, the token’s long-term outlook is bullish.While XRP holds above key support, early-stage presales like MIND of Pepe are also gaining traction – offering strong upside as the market recovers.MIND of Pepe (MIND) Raises $8.8M to Launch a Powerful AI AgentMIND of Pepe (MIND) combines the popularity of the Pepe the Frog meme with an advanced artificial intelligence model to create a character that is poised to captivate social media users across platforms like X.Just a few months after its launch, its presale event has raised nearly $9 million and is now just a few days away from wrapping up.As MIND of Pepe interacts with high-profile accounts and users, it will collect actionable insights and social trends that it will share exclusively with $MIND holders so they can take advantage of the latest opportunities in the meme coin space.In addition, as its influence grows, the agent will launch its own meme coins to capitalize on these trends. $MIND holders will get early access to these new tokens to reap the highest returns once they are launched to the general public.To buy $MIND, simply head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to make your investment.The post Analysts Say XRP Rally Is Just the Start – Price Prediction Models Turn Ultra Bullish appeared first on Cryptonews.
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