Can XRP Reach $4.20? Analyst Reveals Key Price Targets & Timeline

• CoinCodex has predicted that XRP could rally to $4.20, surpassing its all-time high of $3.40, by April 2025.
• This could be possible, driven by the potential resolution of the SEC lawsuit and the approval of an XRP ETF.

XRP has been demonstrating strong independent momentum, diverging from Bitcoin (BTC) in recent trading sessions. While BTC has dropped by 1.18% in the past 24 hours, XRP has surged by 9.24%, suggesting a potential breakout. This decoupling has led CoinCodex, a leading aggregator, to speculate on XRP’s next price targets, with $4.20 emerging as a key milestone for April 2025.

However, broader market events, such as the U.S. reimposing tariffs on Canada and Mexico, have influenced cryptocurrency price movements. The tariffs had previously been paused for 30 days, but following U.S. President Donald Trump’s announcement to move forward with them, Bitcoin’s price plunged 8.02% in the past week.

XRP’s Current Market Performance

At the time of writing, XRP is trading at $2.30, reflecting a 9.49% increase in the past 24 hours, despite experiencing a 10.89% decline over the past week. However, on a broader scale, XRP has seen a 329.10% increase, underscoring its resilience in the market. Analysts remain optimistic about its long-term trajectory, supported by recent advancements within the XRP Ledger (XRPL).

Before reaching $4.20, XRP must break through the $3.00 resistance level, a crucial psychological price point for traders. Historically, such key levels trigger profit-taking and heightened volatility, making this an important milestone in XRP’s rally. Interestingly, whales have offloaded over 370 million XRP in the past 96 hours, indicating that major players are positioning themselves for the next move.

The implementation of smart contracts, expanded lending protocols, and compliance enhancements have strengthened investor confidence. Moreover, Ripple’s Chief Technology Officer, David Schwartz, recently revealed a roadmap for integrating programmability into the XRPL ecosystem, further fueling speculation about a bullish breakout.

Could an XRP ETF Fuel the Next Rally?

One of the biggest potential catalysts for XRP’s price surge is the anticipated approval of a spot XRP Exchange-Traded Fund (ETF). The cryptocurrency market has already witnessed a surge in institutional interest following the approval of Bitcoin and Ethereum spot ETFs, and analysts believe XRP could be next in line. An XRP ETF would offer institutional investors a regulated and straightforward way to gain exposure to XRP without directly holding the asset, increasing its demand and liquidity. 

As regulatory clarity surrounding Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) improves, expectations for an XRP ETF approval in 2025 are growing stronger. If approved, such a fund could trigger a massive influx of institutional capital, further solidifying XRP’s position as a leading digital asset. 

Several factors support this speculation, including Grayscale’s ongoing process of converting its XRP Trust into an ETF, with plans to list it on the New York Stock Exchange (NYSE), signaling increasing institutional confidence in XRP’s long-term potential.

Additionally, Polymarket, a blockchain-based prediction platform, currently reflects an 81% probability that an XRP ETF will be approved by 2025, reinforcing optimism among investors and analysts.

Recommended for you: