When one would have thought that John E. Deaton would boldly express his bullish stance on the XRP price, the pro-crypto lawyer outrightly stated that he had no idea how high the coin could soar. Deaton made a long post on X after Peter Chung, Head of Research at Presto, appeared on Squawk Box discussing crypto.
John Deaton Slams Visible Boycott by Top Forecasters
Chung noted his predictions about leading digital assets, Bitcoin (BTC) and Solana (SOL), for 2025. For BTC, the firm expects that it will hit $210,000, while SOL is forecasted to trade at $1,000.
Deaton expressed his astonishment in light of these predictions, noting that XRP did not feature in the projections. He outlined the coin’s successes, including becoming the third largest cryptocurrency by market cap, excluding USDT.
Despite being the 3rd largest cryptocurrency by market cap (excluding Tether as a stable coin), no mention of XRP below. I’m surprised considering XRP is one of the few cryptocurrencies to finish December trading in the green.
I don’t do price predictions but Barron’s recently… https://t.co/scamKncLKT
— John E Deaton (@JohnEDeaton1) January 1, 2025
John Deaton also noted that XRP is one of the few cryptocurrencies that ended the year in the green. On this basis, he did not see the omission of XRP as fair. Though Deaton claimed that he never gave crypto predictions, he highlighted an earlier forecast by Barron.
In a recent article, the American newspaper made some strong claims, including that “XRP has been one of the biggest post-election crypto winners and has quadrupled in value since Nov. 5.”
Even Arthur Azizov, CEO of the crypto business B2BinPay, feels very bullish about XRP. Azizov predicted that XRP could reach a price range of $5 to $7 in the first half of 2025. To further furnish his stance, Azizov cited XRP’s strong momentum following the completion of the US elections.
Additionally, he pointed to the strides made by Ripple to solidify its place as a key player in the crypto space.
Where is XRP Headed?
According to CoinMarketCap, the Ripple-associated coin currently has a market value of $2.31, following a 10.8% surge in the past 24 hours. While this is a significant boost, an earlier price analysis projects a $5 target for XRP this year amid growing whale embrace.
Last month, top market analyst expert Ali Martinez pointed out that the coin is gearing up for a massive rally. He named the technical and historical trends around it as “one of the most promising setups” for XRP.
Martinez then predicted that this setup indicates a potential rally to the $11 target on the horizon.
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