- XRP could hit $6.28 by December, with a potential $40 peak in 2025, driven by Fibonacci levels and strong demand absorption.
- XRP’s yearly close above $1.99 signals historic potential; steady 30-degree trends hint at sustainable long-term growth.
- Ripple’s RLUSD launch and ETF momentum may boost XRP’s resilience, with $2.20 as strong support and $6.28 as key resistance.
XRP’s potential to make history in 2025 has further been supported by predictions from Bitstamp and analysts Egrag Crypto and Levi. Bitstamp foresees XRP achieving new highs next year, aligning with Egrag Crypto’s High Timeframe (HTF) predictions.
Egrag notes XRP’s crucial price action, emphasizing its importance for long-term investors. Meanwhile, Levi draws similarities between XRP’s current cycle and its historic 2017 surge, predicting an XRP bullish rally in 2025.
Crucial Price Levels and Indicators
Egrag Crypto predicts XRP’s surge on different timeframes, including yearly and bi-annual candles. He asserts that a yearly close above $1.99 could be a historic shift for XRP. Egrag introduces concepts like price elasticity and demand absorption, suggesting XRP’s price resilience despite market fluctuations. Strong demand could drive sustained upward momentum, while factors like ETFs and new investors may reduce price sensitivity.
XRP’s bi-annual candle indicates a transition to steadier growth compared to its 2017 cycle. The current trend, characterized by a 30-degree angle, points to controlled and stable momentum. This differs with the steeper, high-risk 60-degree trends of past cycles. This suggests a more sustainable growth movement for XRP in the coming months.
Strong Momentum Ahead?
On a quarterly basis, Egrag Crypto notes bullish signals from the Relative Strength Index (RSI). With the RSI surpassing 70, targets of 87 and 96 indicate growth potential. Price action indicates potential volatility, with targets like $1.50 for short-term fluctuations and an ambitious $11 for the next quarter.
Complementing this outlook, Levi predicts XRP’s price could mimic its 2017 rally. He predicts highs like $6.28 by December and a potential $40 peak by January 2025. Observations of Fibonacci-derived price levels strengthen these projections. Current support at $1.96 appears solid, while resistance at $6.28 and $40 represents the next hurdles.
Current Market Position
At press time, XRP was trading at $2.31, a 5.39% rise within 24 hours. Resistance at $2.30 has posed challenges, while $2.20 acts as a crucial support. The RSI and MACD hint at potential recovery. The MACD suggests a bullish crossover, supported by a rising RSI from oversold levels.
Ripple’s USD-pegged asset ($RLUSD) will soon drop on Bitstamp after its launch on December 17th 2024 as confirmed by CEO Brad Garlinghouse. This may further affect XRP’s price movement. Despite key market developments like Ripple case win over SEC and RLUSD launch, XRP’s future is highly dependent on maintaining momentum and overcoming key resistance levels.
