Ripple news: XRP could soon repeat its 1,000% course explosion from 2020
- XRP could repeat its 1,000%record increase, since the gold price increase has exceeded its peak and the Sec./.ripple case will soon be placed on the files.
- Analysts predict that XRP can achieve a value of $ 24 this year, thanks to new, reasonable crypto-rurch regulatory changes and market dynamics.
Gold has experienced a high flight in the past few months and has risen by 89% since October 2023. In the meantime, the crypto market has slowly recovered.
However, since gold goes back, analysts wonder whether XRP could increase again by 1,000 %, as was the case in 2020 after a similar golden rally. Could XRP be ready for the outbreak in view of the upcoming conclusion of the SEC procedure?
The relationship between gold and XRP
Historically, the price movements of gold were associated with large movements on the cryptom market, especially XRP. As a gold increase between 2018 and 2020, a correction followed that coincided with the massive increase in XRP.
In 2020, when gold reached a maximum of $ 2,075, XRP rose from $ 0.17 to almost $ 1.96-an increase of $ 1,000 % despite the ongoing legal dispute between Ripple and the Sec.
This pattern, in which gold only increases and then falls again, is an old coin rally that is important for retailers who are looking for signals for future price campaigns. Analysts say that a similar scenario takes place. After the gold price rose by 89 % to $ 39 % from October 2023 to April 2025, it then fell 5 % to around $ 3,300.
This setback goes hand in hand with a recovery of the cryptoma market, with Bitcoin again increasing over $ 95,000 and XRP makes a sign of life.
XRP ready for the second historical 1,000%?
It looks like XRP is preparing to do it again. With a current price of $ 2.18, XRP has not shown the same growth as the wider cryptoma market. However, historical data show that when the RSI (relative strength index) is overbought by gold, as was the case in 2020 (from 40 to 84), XRP tends to benefit from the subsequent increase.
For example, some say a short -term increase to $ 6.50, which corresponds to an increase of 200 % from here. Others like the Bitcoin supporter Davinci Jeremieare more optimistic and forecast a target of $ 24 for XRP this year.
This coincides with the general upward trend of the old coin. The market capitalization of XRP has just exceeded the $ 128 billion mark, and the volume has risen to new highs with large daily growth. According to the TradingView-analysts XRP could break the $ 2.49, $ 3.00 and even higher.
The technical data from XRP also look good. Market analyst Egrag Crypto recently shared its interest bullish views for XRP and predicted that cryptocurrency could reach up to $ 17. In his analysis, EGRAG pointed out that XRP forms an “ascending, spreading wedge pattern”, which is often regarded as a price reversal signal. He believes that if XRP can close above the $ 3.50 mark, it would strengthen the possibility of reaching the $ 17 goal.
The case sec./.ripple and other external factors
As we mentioned in our previous analysis, the price of XRP is strongly influenced by macroeconomic conditions and legal results. One of the key factors for the XRP rally is the Ripple-Sec case. Since the legal dispute is coming to an end, the uncertainty around XRP could disappear and XRP could have more scope.
The mood of investors in relation to XRP improves, in particular due to the latest positive developments in the area of regulation. The appointment of the Pro crypto chairman of the SEC, Paul Atkins, and the potential approval of XRP ETFs will inspire the market even more. In addition, the introduction of XRP Futures by the CME Group will further strengthen the presence of XRP on the market in May.
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