XRP Price to $2.5? Here’s The Key Condition to Watch

Key Insights

• A top analyst has shared a XRP price prediction to $2.5, which has lifted market sentiment.
• The XRP ETF inflow has reached near $950 million.
• The Fed rate cut today might help in a strong rally for the asset.

XRP price traded below the $2.1 mark today with a marginal gain in the daily time frame, while the broader crypto market recorded a robust surge.

The latest uptick in the digital assets came in just before the much-awaited US FOMC interest rate decision, where the central bank is expected to announce a 25 bps rate cut.

Amid this, a latest XRP price prediction has caught the eyes of traders, predicting a potential bounce to $2.5 in the near future.

However, an expert has highlighted a key support level for the asset that it must hold to continue its upward momentum ahead.

On the other hand, the latest data also suggests a sustained institutional interest in the Ripple coin, which might provide strong support to the asset.

However, the consolidating phase of the asset has left many market participants wondering about the potential future movement of the asset.

While a Fed rate cut and the continuing inflow into the Ripple ETF might help in a strong rally, investors are awaiting further cues.

For context, if the whales continue to offload their holdings, it might stall the latest bullish XRP price prediction.

Ripple Coin Stays in Green as XRP ETF Inflow Continues

Ripple coin price today has witnessed an uptick of around 1% with its price resting at the $2.07 mark. However, the trading volume of the asset soared more than 55%, suggesting increased activity in the market.

It’s worth noting that XRP price has struggled to break through the $2.2 resistance in recent days.

Over the last 24 hours, it has recovered from a low of $2.05 and touched a high of $2.17, before witnessing another pullback.

Meanwhile, a flurry of experts have cited the recent consolidation phase of the asset to the Ripple whale selloff.

This has also led to experts revealing bearish XRP price prediction, which has further weighed on the investors’ sentiment.

On the other hand, it seems that the institutions are taking the opportunity to buy the dip. For context, the US Spot XRP ETF has once again recorded an inflow of $8.73 million on Tuesday, December 9.

The investment instrument has recorded no outflow since launch, and its cumulative total net inflow reached $944.13 million through Tuesday.

Considering that, some market participants are still optimistic about a potential rally in the asset’s price ahead.

XRP Price Prediction of $2.5 Hinges on This Condition

As Ripple coin price continues to consolidate between the $2 and $2.2 mark, a top expert has sparked optimism with his latest XRP price prediction.

For context, in a recent X post, analyst Ali Martinez has shared a bullish forecast for Ripple coin, predicting a likely surge to $2.5.

The expert has cited the technical trends behind his prediction. However, he also noted that the crypto must hold to the $1.94 support to keep the prediction validated.

In other words, if XRP price loses the support at $1.94, it could witness another pullback ahead. On the other hand, analyst Amonyx has shared a further ambitious XRP price prediction, which has caught the eyes of traders.

According to his post, XRP price is gearing up for “a huge bull run,” which hints at a potential surge to $738.

Although the target seems too ambitious at the current moment, the continuing Ripple ETF inflow and whale bets might help in such a rally in the long run.