A popular crypto analyst has discussed one of the most optimistic price predictions for Ripple.
Analyst Armando Pantoja, who has nearly 20,000 followers, predicted in an X post that Ripple (XRP) could reach between $25 and $100 in 2025.
XRP was trading at $0.52 on October 31, meaning his forecast points to a potential upside of 4,700% from current levels. The upper end of his forecast suggests an increase of 19,130%.
Such gains are possible in the crypto industry. Popcat (POPCAT) is up over 17,600% from this year’s lows.
Pantoja listed four main reasons why he believes cryptocurrency could make a strong comeback next year.
As predicted by many in the prediction market, Donald Trump is expected to win the upcoming US presidential election. If Trump wins, Pantoja predicts that Gary Gensler will be replaced by a more crypto-friendly regulator.
Trump also promised to pardon Silk Road founder Ross Ulbricht, a move that Pantoja suggested would spur innovation in the crypto industry. He also predicts that a Trump-led administration would end the practice of regulation through sanctions.
Additionally, he sees Ripple’s seven-year-old pennant model poised for a breakout in 2025.
$25-$100 $XRP in 2025
– Trump fires SEC’s Gary Gensler and dismisses a major #XRP barrier
– Ross signals freedom in crypto innovation by pardoning Ulbricht
– Paves the way for market growth by easing the SEC’s grip on XRP
– XRP’s 7-year pennant boom signals a strong uptrend. pic.twitter.com/DMs9gQ16f6
— Armando Pantoja (@_TallGuyTycoon) 31 October 2024
Still, Pantoja’s prediction has a significant risk: Trump may not win the election. Analysts warn that Polymraket may not be the most reliable forecasting tool as its users tend to be conservative.
What’s more, most polls show a close race in key states. For example, the New York Times reports a tie among candidates in Nevada, Wisconsin, North Carolina and Michigan. Survey accuracy remains unclear.
Ripple also faces other fundamental risks, including the potential underperformance of its upcoming stablecoin. Data shows that most newly launched stablecoins such as PayPal have failed to achieve significant success.
XRP created an H&S pattern XRP chart | source: TradingView
Another risk is that XRP will form a head and shoulders pattern on the weekly chart, which is generally considered a bearish divergence.
XRP has also fallen slightly below the 100-week and 50-week Exponential Moving Averages. A break below the ascending trend line connecting the lowest swings since June 2022 could signal further declines, with the next level tracking the June 2022 low at $0.2886.