Gemini Survey Shows More Than 70% of Investors Expect XRP to Remain Below $2 By Year-End

As we approach the end of the year, the mood among XRP investors is increasingly pessimistic, with many expecting the altcoin to stay below the vital $2 mark.

Key Takeaways

A majority (73%) of investors in a Gemini survey anticipate XRP will end the year between $1.50 and $2.00.
The previous optimism has diminished, with the percentage expecting XRP to reach $2.00 to $2.50 dropping from 38% to 28%.
Roughly 4% expect XRP to reach between $2.50 and $3.00, with similar predictions for exceeding $3.00.
Selling pressure from early investors has increased, leading to limited support for price rebounds.
As the price struggles to maintain levels above $1.70, market sentiment remains bearish.

XRP

Diminished XRP Projections

A recent survey by the cryptocurrency exchange Gemini, conducted from December 12 to December 23, indicates that 73% of investors forecast XRP to finish the year in the range of $1.50 to $2.00, signaling a subdued end for the altcoin's performance in 2025.

Just a few weeks earlier, sentiment in the market was more positive, with approximately 38% of traders believing XRP could rise to a range of $2.00 to $2.50 by December 31. Now, that expectation has dwindled to just 28%, showcasing a marked drop in confidence.

The likelihood of XRP exceeding $2.50 seems almost negligible, as only about 4% of participants expect it to hit the $2.50 to $3.00 range, with another 4% predicting it could go above $3.00.

This consensus of 73% anticipating an XRP ending price between $1.50 and $2.00 is an increase from 63% earlier in the survey. This trend reveals a growing consensus among respondents, suggesting they are coalescing around this price prediction as the most plausible outcome.

Additionally, the sentiment towards achieving higher price levels has drastically shifted. The percentage of participants expecting a surge into the mid-$2 range has dropped to only 4%, reflecting a loss of faith following several unsuccessful attempts to break through key resistance levels.

Interestingly, expectations for the altcoin’s price to decline below $1.50 have risen slightly to 7%, up from 6%, although most still believe a severe sell-off is improbable.

Increased Supply from Long-term Investors

This prevailing sentiment corresponds with Futures data that shows a prevalence of aggressive sell orders. At the same time, the gradual accumulation of XRP through exchange-traded funds (ETFs) at a rate of $30 to $50 million daily is unable to keep pace with the profit-taking and risk-reduction activities occurring in the market.

On-chain data indicates that significant realized gains have been locked in as XRP approached its recent highs. For example, a long-term holder who purchased XRP at around $0.40 sold over 350 million tokens at approximately $2.00, yielding an estimated profit of $721 million.

Given that many early investors are cashing out near the $2 level, there is limited support for buying the dips to elevate the price, which has remained in the current range of $1.70 to $1.80 this past week.

Experts posit that when the supply increases from long-term holders whose initial investments were made at $0.40 to $0.60, it results in a resistance ceiling that is tough to overcome without significant new demand entering the market.

XRP The daily chart illustrates the decline in XRP's price since October. Source: XRPUSDT on TradingView.com

As of this article, XRP is trading at $1.830. The altcoin has suffered major losses across all time frames, with a year-to-date decrease of 15%, reflecting trends seen across the wider market.

Image credit: Featured image from DALL-E, chart from TradingView.com