XRP is once again in the spotlight, as industry analysts and crypto veterans are viewing its current $2 trading zone as a remarkable entry point into the market. The strong belief in Ripple’s long-term potential appears undeterred by recent movements, adding momentum to investor optimism.
Throughout late 2024 and into 2025, XRP exhibited an impressive rally, jumping from $0.55 to more than $2 in just a few weeks. The rally intensified around the start of 2025, nearly touching its all-time high of $3.40 on January 16. This bullish phase was largely fueled by a broader uptrend in the crypto market that occurred during the political shift tied to the inauguration of the 47th U.S. President.
Since then, XRP has undergone a moderate cooldown. At the time of writing, the asset is trading around $2.10, exhibiting heightened volatility. However, prominent traders and analysts remain bullish. According to a well-followed market commentator on X, XRP trading at $2 is a “gift,” implying a strong upside from the current levels. They outlined a speculative bullish case in which the cryptocurrency could surge toward the $5 range.
Another crypto strategist, addressing an audience of over half a million followers, shared their continued support for XRP, stating they remain confident in the coin as long as it sustains above the $2 threshold. Their bullish bias hinges on the belief that a market reversal is just around the corner.
Additional voices in the crypto space echoed similar sentiments. One analyst forecasted short-term targets of $4.40 and even as high as $6.30, but emphasized that maintaining support above $2 is critical. Another analyst labeled XRP as a “sleeping giant,” suggesting that the asset is consolidating before a major breakout and not to be underestimated.
Backing up this growing conviction is the renewed activity of large XRP holders, often dubbed ‘whales.’ In a single month, these investors accumulated nearly 900 million XRP — a stockpile valued at close to $2 billion USD. This sizable acquisition highlights the strategic long-term positioning by seasoned market participants.
Additionally, on-chain data has shown a sharp increase in the number of XRP wallets holding more than 10,000 tokens. That figure has soared to over 300,000 addresses, indicating broad-based accumulation. Crypto enthusiasts view this trend as a powerful indication of increased investor confidence, even labeling the situation as “insanely bullish.”
Amid the evolving market landscape, the drawn-out legal dispute between Ripple and the U.S. Securities and Exchange Commission is nearing its conclusion. The end of this regulatory saga is not expected to generate notable market swings, indicating the market may have already priced it in.
Attention has now shifted towards potential catalysts that could lift XRP’s valuation. Speculation is mounting around the possible launch of a spot XRP Exchange-Traded Fund (ETF) in the United States. Approval of such a product could open the doors for significant institutional capital, providing fresh upside for XRP.
While definitive announcements remain to be made, predictive markets are currently projecting a 77% chance that an XRP ETF will receive regulatory approval by the end of 2025. This growing optimism behind a future ETF could explain the recent whale activity, as institutional and well-informed investors position themselves ahead of the potential news.
In summary, XRP’s current market level around $2 is seen by many analysts and investors as a rare chance to enter before a potential new wave of growth. As key technical and fundamental indicators align, and anticipation builds around regulatory milestones, the broader sentiment around XRP remains firmly bullish.
