Ripple XRP: Can XRP Reach $5 Amid Ripple Meme Coin Surge?

Recent analysis from CoinGecko reveals Ripple meme coins closing the gap between Solana and Ethereum meme coin ecosystems. The XRP Army price has soared by 140% in the last seven days, pushing its market cap to over $81 million. Other fast-growing meme coins on the XRP Ledger are PHNIX, whose valuation has soared to $44 million, Pongo, Britto, and Vagabond. Additionally, this growth is being seen in the total value locked in the XRP Ledger network where the total value locked has jumped to $68 million.

These price surges have leaked into XRP, as the token is up over 9% in the last 24 hours. XRP is projected to have a bullish 2025, exceeding its growth in 2024. It leads other altcoins on the market in market capitalization, and its trading volume is slowing, potentially hinting at investors holding on amid the climb. Data from CoinCodex reveals that XRP will trade in a range of $2.41 to $4.74 in 2025. This will further result in an average yearly price of $3.28. Compared to the present rates, this may yield a potential return on investment of 86.52%.

Ripple XRP To Surpass Expectations and Reach $5?

Additionally, amid these gains, there is a buzz that XRP could surge nearly 100% to $5 within Q1 2025. The coin is slowly forming a bullish pennant chart pattern on the daily charts. A bullish pennant is a good continuation sign made up of a long flag pole and a symmetrical triangle pattern. Now, this triangle is nearing its confluence point, which could lead to more gains in the next few weeks.