It’s New Year’s Eve and XRP is sending mixed signals despite its strong performance in 2024. The payments-focused cryptocurrency is currently trading at $2.12, representing a 5% price gain despite weekly losses of 8%, according to data CoinMarketCap data.
The surge in transaction activity has increased optimism among investors. XRP also retained the fourth spot on the list of cryptocurrencies with a market capitalization of $121 billion.
Mixed price signals
Technically, it is trading above the important support level of $2.1, despite the continuation of the positive trend. A price below this level may open up more sell trades and the price may fall further. Between November and December, the price of XRP increased by more than 200%, causing many investors to be optimistic about the future of the coin. However, this rapid growth has not come without risks.

Following the price spike, XRP consolidated between early December and December 20th. Contrary to the wishes of many investors, the consolidation did not lead to a breakout to the upside. The coin is now facing several critical price levels that could determine its next move.
It is noteworthy that the price remains above the 50 and 200 moving averages, which also act as a potential support level. The Relative Strength Index (RSI) has also fallen from a high of 95 at the beginning of the month to the current reading of 45. It remains above the oversold zone of 30, meaning the token could fall further before any trend change.
Bearish sentiment is exacerbated by the spread of whales. Large XRP holders, holding more than a million tokens, have been actively selling them since early December. Over the past month, the supply of these major players has decreased by 180 million XRP. Cointelegraph reported.

Key price levels
Looking ahead to 2025, XRP’s price will be closely tied to its ability to hold key support levels. If XRP can maintain its position above $2.2, it could rise to $2.50 or higher, potentially up to $10 next year.
However, failure to overcome resistance could result in the coin falling below $1.9 amid further downward pressure. Given the current price is above the oversold zone, selling pressure may ease and the price may stabilize.