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Analyst Forecasts XRP Could Hit $6–$8 by This Date
Following a strong upward movement in July, a notable market analyst has presented a bullish outlook for XRP, forecasting that the cryptocurrency could reach between $6 and $8 by August 2025. This projection comes as XRP continues to demonstrate resilience and renewed investor confidence amid broader market gains.
XRP entered July with a minor decline of 2.96% on the first day of the month. However, from July 6 through July 18, the token surged significantly, gaining over 65%. This rally enabled XRP to cross the critical $3 threshold and establish it as a support level. On July 18, XRP reached a local high of $3.66, its highest value so far this year, before experiencing a moderate pullback.
Price Projection from XPMarket Executive
In the midst of recent bullish activity, Mr. Xoom, Head of Marketing at XPMMarket and a well-known market commentator, 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 persists. He emphasized that even the lower bound of this projection, $6, would represent a new all-time high for XRP, surpassing all previous price records.
To reach $6 from its current level of around $3, it would require a 100% increase. A move to $8 would represent a 166% gain. Mr. Xoom noted that once XRP breaks through $6, reaching $8 could be more attainable due to the smaller percentage gain required from that point.
Similar Predictions from Other Analysts
Mr. Xoom’s projection aligns with the views of other analysts who have also identified the $6 to $8 range as a realistic target, although their timelines differ. EGRAG Crypto, a frequent market commentator, previously projected this range in December when XRP was trading near $2.5. He identified $2 as a key accumulation zone and encouraged investors to enter the market if the token returned to that level. XRP did fall to $2 earlier this year before recovering above $3, validating EGRAG’s earlier suggestion. He later added that surpassing the $3.8 mark could catalyze reaching the $6-$8 zone.
While those projections were issued under more favorable conditions, XRP’s pullback in recent days has complicated the short-term outlook.
Market Outlook and Key Levels
XRP’s price has retraced from recent highs, falling from $3.50 to approximately $3.02. The token has declined by 4.53% over the past 24 hours and is down 11.06% over the past week. Despite this, it has managed to stay above the $3 mark, an essential psychological and technical level. Analysts suggest that maintaining support at $3 during this correction could be crucial in setting up the next rally.
If support holds and recovery efforts prove successful, XRP might attempt a move beyond $4, potentially paving the way for a further rise toward $6 and beyond.
Source: timestabloid.com
