
The cryptomarkt is known for its extreme volatility. Rates can fall rapidly in a short time, but also explosively rise. A good example is XRP, which experienced an impressive increase of 578% between November and the end of January.
According to analyst Boboe Akomolafe, this is only the beginning: he even foresees a possible price target of $ 40 per XRP. But what does he base that expectation?
XR bull flag
The analyst points to a recurring pattern in the price development of XRP. At the end of 2024, for example, the coin rose from around $ 0.50 to a peak of $ 3.39, followed by a consolidation phase within a falling channel – a classic example of a so -called Bull Flag.
Now, in April 2025, XRP seems to be about to break out of this pattern. Not driven by hype or speculation, but based on a clear and repeatable technical structure.
According to Akomolafe, the power of this formation is not only in the form, but especially in the timing. The sequence of a strong rise, a short break and then a continuation, forms a pattern that occurs historically more often. If this cycle continues, a target price of $ 15 before August is within reach.
That would amount to an increase of almost 630% compared to the current price. Towards the end of 2025, the analyst even aims between $ 35 and $ 40 – an increase of no less than 1,841%.
Will there be an XRP ETF?
A possible driver of this upward movement is the long -awaited XRP spot ETF. According to rumors, an official launch is about to happen. If that becomes reality, it could be a game check according to Akomolafe.
An ETF makes it considerably easier for large institutional investors to invest in XRP. That influx of capital could considerably increase the demand for XRP – resulting in possibly large price jumps.
Source: https://newsbit.nl/xrp-klaar-voor-explosieve-stijging-analist-ziet-koersdoel-van-40/