A crypto analyst known as Crypto_Paykash has issued an ambitious projection for XRP.
According to his model, the breakout structure appears confirmed, with a price target of $8.50 by November 2025.
XRP faces heated debate over bold $8.50 projection
Paykash highlights Fibonacci levels that guide a gradual increase to $4.45, then $6.16, and a peak of $8.52. The RSI indicator remains in bullish territory without breaking through the overbought area, suggesting there is still room for upside.
This projection has sparked debate, with some in the community calling it a “switch flip” that could change the direction of the XRP market, while others are skeptical and dismiss it as mere hopium. If achieved, it would nearly triple its current price.
While technical analysis suggests a positive outlook, daily market conditions are moving against it. At the time of writing, XRP is down 1.55% in the past 24 hours, trading at about $2.99.
This situation puts the bullish narrative to the test, whether it’s merely a prediction on paper or whether there’s real potential brewing.
Interestingly, Paykash’s predictions seem even more relevant when linked to the actions of large institutions. Galaxy Digital recently added $34.4 million in XRP holdings, expanding its portfolio to now include $1.8 billion in Bitcoin assets.
This kind of institutional accumulation is often considered capable of providing additional fuel to the rally charted.
ETF delays and pressure from whales
On the other hand, this optimism has been hampered by news of the postponement of the launch of the XRP spot-based ETF, REX-Osprey XRP (XRPR). The ETF, scheduled to launch on September 18th, was suddenly delayed despite having received SEC approval.
This is because the hybrid structure, which combines XRP directly with derivative products, still raises doubts, especially when compared to a pure spot ETF. Many investors ultimately choose to wait for further certainty before actually entering.
Pressure isn’t just about ETFs; whale movements are also coming. On-chain analyst Ali Martinez reports that whales have sold approximately 160 million XRP in the past two weeks. This type of selling typically creates short-term pressure that’s hard to ignore.