After a strong price increase in July, a well-known market analyst provided a bullish outlook for XRP, predicting that the cryptocurrency could reach a range of $6 to $8 by August 2025. This forecast was made as XRP continues to demonstrate resilience and new investor confidence amid overall market growth.
XRP entered July with a slight decrease of 2.96% on the first day of the month. However, from July 6 to July 18, the token surged significantly, increasing by more than 65%. This price surge helped XRP surpass the critical $3 threshold and establish support. On July 18, XRP reached a local high of $3.66, the highest price so far this year, before undergoing a slight correction.
Price Forecast from XPMarket Executive
Amid the recent bullish market backdrop, Mr. Xoom, Head of Marketing at XPMarket and a prominent market commentator, has provided an updated forecast. According to him, XRP could rise to a price range of $6 to $8 by August 2025 if the current trend continues. He emphasized that even the lower end of this forecast, $6, would be a new all-time high for XRP, surpassing all previous price records.
For XRP to reach $6 from its current level of around $3, it needs to increase by 100%. A rise to $8 would correspond to a 166% increase. Mr. Xoom notes that once XRP surpasses $6, reaching $8 may be easier since the percentage increase required from that point would be smaller.
Similar Predictions from Other Analysts
Mr. Xoom's predictions align with the views of other analysts, who also believe that a price range of $6 to $8 is a feasible target, although their timelines differ. EGRAG Crypto, a regular market commentator, previously forecasted this price level in December 2018 when XRP was trading near $2. He identified $2 as a critical accumulation zone and encouraged investors to enter the market if the token returns to that level.
XRP dropped to $2 earlier this year before recovering above $3, confirming EGRAG's earlier prediction. He later added that surpassing the $3.8 mark could propel the price to the $6–$8 range.
Meanwhile, analyst Casi made his forecast last month, suggesting that XRP could reach at least $6.50 by July, with the potential to extend to $8 if the upward momentum continues. Although these forecasts were made in the context of XRP's price trending upwards, the recent decline of XRP has complicated the short-term outlook.
Current Market Outlook and Important Levels
XRP's price has dropped from a recent high, from $3.50 to around $3.02. The coin has declined by 4.53% in the past 24 hours and 11.06% over the past week. However, the price remains above the $3 mark, a significant psychological and technical threshold.
Analysts argue that maintaining above $3 during this correction could be essential for establishing the next upward trend. If the support level is held and recovery efforts succeed, XRP may likely surpass the $4 threshold, paving the way for the next price increase to $6 and beyond.
Although short-term volatility remains, the overall outlook from many analysts shows increasing confidence that XRP could reach a new record high next year. $XRP
