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3 Reasons XRP Could Rise as Analysts Target 693 Billion USD
According to some recent updates, a bullish trajectory for XRP has been predicted, forecasting that this cryptocurrency could reach $5.5 by the end of this year and has the potential to rise to $12.5 by 2028. Such an increase would push the market capitalization of XRP to about $693 billion, a significant leap compared to its current position. Previously, Crypto News Flash (CNF) revealed that analysts predict XRP could reach 8 dollars by the end of 2025, driven by bullish technical factors, hopes for an ETF, and regulatory clarity. In this article, we explore 3 reasons why XRP could soar as an analyst targets a market capitalization of 693 billion dollars: Ripple Strategically Acquires Hidden Road As noted in the analysis by Standard Chartered, XRP has recently led the cryptocurrency market, attracting the attention of investors and analysts. Although the price has decreased significantly by more than 40% from its peak in January, several factors indicate significant growth potential in the near future. As shared in a recent tweet by Nietzbux, Ripple currently owns a leading custody platform and a major brokerage firm, in addition to its payment solutions. This is not a partnership—but an acquisition.
In a strategic move to strengthen its position in financial services, Ripple Labs has announced the acquisition of the prime brokerage firm Hidden Road for $1.25 billion. This acquisition enhances Ripple's capabilities in providing comprehensive solutions across traditional and digital asset sectors. Technical Indicators Indicate Recovery From a technical analysis perspective, XRP has shown resilience, consistently maintaining above the 100-week moving average - an indicator of long-term bullish momentum. The formation of a doji candle indicates potential reversal, while XRP retesting important support levels ( notably the upper boundary of the cup and handle pattern 2021–2024) reinforces expectations for a bullish recovery. Current Market Performance Although XRP is facing recent price challenges, the combination of optimistic forecasts from institutions, strategic business acquisitions, and positive technical signals suggests a promising outlook. For example, CNF recently reported a 12% rise of XRP due to the bullish trend of Bitcoin in the context of China's tariffs. Despite global trade tensions, XRP and Bitcoin have shown remarkable resilience, outperforming major indices such as the S&P 500 and Nasdaq Composite, both of which have declined by about 11% since the beginning of April. As of now, XRP is trading at 1.74 USD, reflecting a decrease of 7.11% in the past day and a decrease of 17.44% in the past week. See the XRP price chart below.