DeepSeek AI, a Chinese artificial intelligence, has released projections for various leading alternative cryptocurrencies, suggesting they could surpass previous price records by late 2025. This optimism follows Bitcoin's recent surge to a new all-time high of $118,002, signaling what analysts believe could be a historic bull cycle, potentially exceeding the 2021 surge. DeepSeek AI has identified several major altcoins, including Ripple's XRP, as primed for significant valuations in this environment.
XRP Price Targets
DeepSeek AI's latest forecasts indicate a substantial rise for Ripple's XRP, potentially reaching $5 by the end of 2025. This represents more than a six-fold increase from its current price of approximately $2.36. Should a broader bull run materialize, DeepSeek AI suggests XRP could even hit $15 under optimal market conditions.
Catalysts for XRP's Potential Rise
Several factors are believed to support this bullish outlook for XRP:
- Legal Clarity: Ripple's prolonged legal dispute with the SEC concluded in March when the SEC dropped its lawsuit. This followed a crucial 2023 judgment that affirmed XRP's retail sales were not securities transactions, significantly boosting investor confidence.
- Increased Institutional Adoption: There is growing evidence of greater institutional interest and adoption of XRP.
- XRP Spot ETF Speculation: Market speculation is rife regarding the potential approval of an XRP spot Exchange Traded Fund (ETF) in the United States. Such an approval could lead to substantial capital inflows, mirroring the impact seen with Bitcoin and Ethereum ETF launches.
- Endorsements: The United Nations Capital Development Fund has commended XRP for its speed, low transaction costs, and regulatory compliance, reinforcing its utility for international remittances.
Technical Analysis and Performance
XRP is currently trading around $2.82. The immediate resistance level is identified at $3. If XRP breaks past this barrier, DeepSeek AI predicts a move towards $5 by the end of 2025. Over the past year, XRP has seen a remarkable 528% increase, outperforming Bitcoin during the same period. Technical analysis also highlights a bullish flag formation between January and April, which typically indicates strong upward momentum. However, an oversold Relative Strength Index (RSI) of 81 suggests a potential short-term dip due to profit-taking by investors.