XRP, the cryptocurrency associated with Ripple, dropped significantly in price below $2.00 last week. However, it has since shown signs of recovery, helped by a bullish reversal at a key support level.
According to CoinGecko, at the time of writing, the price of XRPUSD is up about 14%. The daily chart shows the $2.00 level acting as key support, with multiple bounces seen in recent sessions.
XRP Bounce Signals Buyer Confidence
The latest bounce produced two Spinning Tops candles followed by a bullish engulfing candle, signaling renewed buyer confidence. This pattern appears to have encouraged market participants to push prices higher.
Resistance is expected at $2.61. If it breaks through, buyers could target the $2.91 level, which corresponds to the December 2024 high. Further price movement will depend on the continuation of upward dynamics and market sentiment.
Analysts Predict Potential Growth for XRP in 2025
Analysts expected XRP to trade between $1.91 and $2.50 in December 2024. However, the immediate challenge for the market remains protecting current support levels to stabilize sentiment.
In January 2025, XRP is predicted to fluctuate between $1.35 and $2.12. Finance Magnates estimates that by February the price could move slightly between $1.30 and $2.50.
Analysts suggest that by the end of 2025, if institutional adoption gains momentum, XRP could potentially reach $5 or more. This will reflect growing market confidence and increased demand.
Egrag, an analyst with 70,000 followers at X (formerly Twitter), predicts a more optimistic scenario. He believes XRP could reach $50 in 2025, although such predictions remain speculative.
Happy New Year everyone!
Let’s start 2025 with great news about XRP.
Today I want to announce that we have completed the formation of a correction model on the weekly timeframe!
We conducted a detailed analysis of Patreon and addressed the structure on 12/9/24, stating that XRP… pic.twitter.com/Hd0beUVjJg
— Dark Defender (@DefendDark) January 1, 2025
Why is XRP rising today?
XRP’s recent rise can be attributed to the $2 level acting as strong psychological support. The bullish reversal pattern and ample room to move higher further strengthened today’s positive momentum.
What could the price of XRP be in 2025?
XRP price predictions for 2025 vary. Conservative forecasts call for a range of $1.35 to $2.50. Cryptocurrency expert Levi Rietveld forecasts $20-23, with a bullish forecast suggesting $70.
Does XRP have long-term potential?
The future of XRP is promising, especially in the fintech space. Its role in cross-border payments and expanding partnerships in Asia, Africa and Latin America indicate strong growth potential. By 2027-2028, it may gain further integration into traditional finance.
Is $500 realistic for XRP?
A $500 valuation seems unlikely anytime soon as it would require a market cap of $26 trillion. Realistic targets suggest US$15-25 by 2030. Grok AI believes that $500 will only be possible if payments are accepted globally after 2030.
