Analyst: XRP price could reach $5 by the end of 2025 due to rising ETF optimism
According to Cointelegraph, analyst Milkybull pointed out that the cup and handle pattern of XRP could drive the price to reach $5 by the end of the year. Technical analysis shows that the cup and handle pattern typically forms at market bottoms, representing accumulation periods and short-term pullbacks.The price target for XRP is $5, which is expected to rise about 103% from current levels. This forecast is driven by optimistic sentiment towards XRP ETFs, especially after the U.S. Senate reached an agreement to end the longest government shutdown in history.The DTCC website lists 11 XRP ETF products, with major issuers including 21Shares, ProShares, and Franklin Templeton. Analysts believe that the end of the shutdown could open the floodgates for ETFs, driving XRP spot products into the U.S. market.