The XRP ecosystem is experiencing a powerful resurgence, capturing the attention of traders, analysts, and retail investors alike. After a remarkable 297% surge in November 2024 — its strongest monthly performance since December 2017 — XRP closed the month at $1.95, marking a seven-year high and surpassing its previous 2021 peak. This momentum has only accelerated, with XRP climbing over 20% in just 24 hours, fueling speculation about how high it could go.
Market sentiment is shifting decisively bullish, and some experts are now projecting aggressive price targets that could redefine expectations for Ripple’s native cryptocurrency.
Analyst Predicts $6.60 “FOMO” Target for XRP
One of the most compelling forecasts comes from Jacob Canfield, an independent crypto trader known for his technical analysis rigor. Canfield believes XRP could reach a psychological "fear of missing out" (FOMO) target of **$6.60** — nearly double its previous all-time high of $3.40.
His projection is based on two key analytical tools: Fibonacci extensions and relative strength compared to Bitcoin (BTC). During XRP’s last major bull run in 2017–2018, BTC was trading around $20,000 when XRP hit $3.40. Today, BTC is roughly five times higher than it was back then, sitting near $100,000. Applying this relative performance ratio to XRP’s historical peak provides a logical upward adjustment.
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Canfield explains:
“This would put the price around $6.60, exactly 2X the value of its previous high. I think this is probably the ideal FOMO target and would stop thinking double digits or higher — and it’s very logical.”
While $6.60 may seem ambitious, it aligns with broader market dynamics where altcoins often experience amplified gains during Bitcoin-dominated bull cycles, especially when supported by strong fundamentals and growing adoption.
Broader Market Confidence: Analysts Weigh In
Canfield isn’t alone in his optimism. Tony Edward, founder of the Thinking Crypto podcast, has set a wider price range of $5 to $8 for XRP in the current cycle. However, he advises a cautious approach to profit-taking, emphasizing disciplined risk management amid volatile price swings.
Edward notes that while the upside potential is significant, investors should avoid emotional decision-making during rapid rallies. Instead, he recommends setting tiered exit strategies to lock in gains progressively as price milestones are reached.
Another voice adding context is Neel, a well-known crypto educator, who points to the increasing involvement of retail investors as a key driver behind XRP’s momentum.
“The current rise in XRP indicates that new retail is coming in,” Neel said. “They’re investing in assets that have been widely covered in mainstream news — and XRP fits that profile perfectly.”
This influx of new participants often correlates with heightened trading volumes and increased social media engagement, both of which are currently visible across XRP-related platforms.
On-Chain Data Confirms Strong Accumulation
Beyond sentiment and technical projections, on-chain metrics are painting a robust picture of institutional and retail confidence.
According to data from Santiment, an analytics platform tracking blockchain activity, wallets holding between 1 million and 10 million XRP have accumulated 679.1 million tokens — worth approximately $1.6 billion — over just three weeks. This level of concentrated buying suggests strategic positioning by mid-tier investors, often referred to as "mini-whales," who can significantly influence price action.
Even more telling is the growth in network participation. For the first time in its more than eight-year history, the total number of non-empty XRP wallets has exceeded 5.5 million. This milestone reflects expanding adoption and long-term holder confidence.
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Additionally, derivatives markets are flashing bullish signals. Open interest (OI) in XRP futures spiked to an all-time high of **$3.99 billion** on December 2, nearly doubling from $2.06 billion on November 28 — a 94% increase in less than a week. Rising open interest alongside increasing prices typically indicates fresh capital entering the market rather than short-term speculation.
Why This Rally Feels Different
Several factors distinguish this rally from past XRP movements:
- Regulatory clarity: After a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple achieved a significant partial victory in court, reinforcing the argument that XRP is not a security.
- Growing institutional interest: Banks and payment providers continue to explore Ripple’s solutions for cross-border transactions, boosting credibility.
- Network usage: RippleNet’s expanding global footprint supports utility-driven demand for XRP beyond pure speculation.
- Market cycle alignment: With Bitcoin approaching new highs in late 2024, capital is beginning to rotate into high-potential altcoins — and XRP is front and center.
These elements combine to create a rare confluence of technical strength, fundamental progress, and macro-level tailwinds.
FAQs: Your Top XRP Questions Answered
Q: What is the significance of the $6.60 price target?
A: The $6.60 level represents a mathematically derived FOMO target based on XRP’s historical performance relative to Bitcoin. It’s seen as a psychologically important level where late-stage buyers might enter en masse.
Q: Is XRP still considered a security by U.S. regulators?
A: The legal status remains nuanced. A U.S. district court ruled that XRP is not a security when sold to retail investors, though institutional sales are under scrutiny. This partial clarity has boosted investor confidence.
Q: How does whale accumulation affect XRP’s price?
A: Large-scale purchases by whales and mini-whales reduce circulating supply and signal strong conviction. Historically, such accumulation phases precede significant price increases.
Q: Can XRP reach $10 or higher?
A: While some speculate about higher levels, most analysts view $5–$8 as a realistic range for this cycle. Reaching double digits would require unprecedented adoption or structural changes in global finance.
Q: What risks should investors watch for?
A: Regulatory reversals, broader crypto market corrections, or failure to sustain volume and open interest growth could dampen momentum.
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Final Thoughts: A Bullish Chapter Unfolds
XRP’s current trajectory reflects more than just price movement — it signals renewed trust in the asset’s long-term viability. With strong technical momentum, growing on-chain activity, and increasing retail participation, the foundation for further gains appears solid.
While past performance doesn’t guarantee future results, the combination of Fibonacci-based targets, relative strength analysis, and real-world adoption suggests that $6.60 could be a plausible FOMO-driven peak by 2025.
As always, investors should conduct thorough research and assess their risk tolerance before entering any position. But one thing is clear: after years of uncertainty, XRP is back in the spotlight — and the market is watching closely.
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