The native token of the XRP Ledger rose more than 2% on Wednesday while most of the rest of the crypto sector saw steep losses.
Bitcoin’s sell-off shows no signs of forming a bottom, which is destroying traders’ appetite for altcoins.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were spotted dining with President-elect Donald Trump at Mar-a-Lago on January 7, 2025. The news broke via both Garlinghouse and Alderoty’s posts on X, featuring a photograph with Trump that quickly went viral. What Did Ripple’s Execs Discuss With Trump? Garlinghouse stated, “Great dinner last […]
Ripple president Monica Long added that XRP will likely receive its spot ETF approval “very soon.”
Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty attended a private dinner with US President-elect Donald Trump at the Mar-a-Lago Resort in Florida. While details of their discussion remain under wraps, Garlinghouse described the meeting as a “strong start to 2025” in a Jan. 8 post on X. This high-profile engagement highlights Ripple’s […]
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After a phenomenal 2024, which saw XRP’s price surge from around $0.50 to as high as $2.90, the cryptocurrency is now range-bound, trading at $2.31 at the time of writing. However, a key pattern on the weekly chart suggests that XRP could be on the verge of another significant breakout. Half-Mast Flag Pattern Can Propel The Digital Asset To New Highs XRP, the fourth-largest cryptocurrency with a total market cap of over $134 billion at the time of writing, had a spectacular 2024. The digital asset’s price increased more than five times in less than two months, following its victory in a key lawsuit against the US Securities and Exchange Commission (SEC). Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon In a recent post shared on X, veteran trader and analyst Peter Brandt shared his thoughts on XRP’s potential future price trajectory. Brandt highlighted the formation of a ‘half-mast flag’ pattern on the weekly timeframe, adding that a bullish completion of the pattern may propel XRP to new highs. He noted: Half mast flags should complete within six weeks, otherwise they should be viewed with great suspicion. This flag in XRP needs to rock and roll soon, otherwise it will likely morph into something else TBD. But if it completes, then market cap of $500 B is possible. For the uninitiated, a half-mast flag is a continuation pattern in trading where the price forms a sharp upward movement followed by a brief, shallow consolidation that resembles a flag, typically sloping against the prevailing trend. When the price breaks out of the consolidation phase, it often signals a continuation of the uptrend, potentially leading to higher prices. According to Brandt, a bullish completion to the pattern – a breakout to the upside – could push XRP’s total market cap to $500 billion. If other cryptocurrencies remain range-bound, a $500 billion market cap would make XRP the second-largest digital asset by market cap, surpassing Ethereum (ETH), which currently holds a market cap of $416 billion. However, it’s important to note that in the case of a bearish completion of the half-mast flag pattern, XRP’s price could break down to previous lows, potentially falling to a market cap of around $28 billion. XRP Primed For Major Gains Meanwhile, crypto analyst Mikybull outlined multiple price targets for XRP on the daily timeframe, using Fibonacci extension bands. According to the analyst, a breakout for XRP “is imminent,” with targets as high as $3.74. Similarly, Egrag Crypto recently predicted that XRP may surge to $15 according to the Elliott Wave theory. Further, on-chain data indicates that XRP whales are buying every dip in anticipation of a major rally in the coming weeks. Related Reading: XRP Could Skyrocket 470% If History Repeats, SuperTrend Indicator Suggests That said, concerns remain about XRP bulls’ inability to decisively break through the $2.35 resistance level. At press time, XRP trades at $2.31, down 4.5% in the past 24 hours. Featured image from Pexels, charts from X and TradingView.com
XRP price failed to surpass $2.50 and corrected some gains. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is struggling to gain pace for a move above the $2.40 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2.390 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.250 support. XRP Price Dips Below $2.32 XRP price failed to extend gains above the $2.48 and $2.50 resistance levels. The price reacted to the downsides, but losses were limited compared to Bitcoin and Ethereum. There was a move below the $2.40 and $2.32 support levels. Besides, there was a break below a short-term rising channel with support at $2.390 on the hourly chart of the XRP/USD pair. The last swing low was formed at $2.26, and the price is now consolidating. There was a move above the $2.32 level. The price cleared the 23.6% Fib retracement level of the recent drop from the $2.47 swing high to the $2.26 low. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.365 level or the 50% Fib retracement level of the recent drop from the $2.47 swing high to the $2.26 low. The first major resistance is near the $2.40 level. The next resistance is $2.42. A clear move above the $2.42 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.6650 in the near term. The next major hurdle for the bulls might be $2.720. More Losses? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.300 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.30 and $2.250. Major Resistance Levels – $2.3650 and $2.400.
Ripple has partnered with Chainlink to provide robust pricing data for its RLUSD stablecoin, according to a Jan. 7 statement. The integration introduces Chainlink’s blockchain technology to Ripple’s ecosystem, delivering secure and verifiable price feeds directly on Ethereum’s network. RLUSD, a stablecoin pegged to the US dollar, was launched in December after securing approval from […]
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Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger.
XRP should attain a 260% gain or a $6.40 price target after a breakout, but a delay may affect the chart pattern’s outcome, says Peter Brandt.
XRP price is consolidating gains above the $2.350 support zone. The price is showing positive signs and might aim for a fresh increase above $2.4650. XRP price is struggling to gain pace for a move above the $2.50 zone. The price is now trading below $2.435 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2.385 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.320 support. XRP Price Holds Support XRP price remained above the $2.320 level but failed to start a fresh increase like Bitcoin and Ethereum. The price struggled to clear the $2.50 resistance and remained below $2.45. The last swing low was formed at $2.32 and the price is now consolidating. There was a move above the $2.40 level. The price cleared the 50% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. The price is now trading below $2.435 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.385 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.465 level or the 76.4% short-term rising channel forming with support at $2.385 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.50 level. The next resistance is $2.55. A clear move above the $2.55 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Decline? If XRP fails to clear the $2.435 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level. The next major support is near the $2.320 level. If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.380 and $2.320. Major Resistance Levels – $2.4650 and $2.500.
XRP has been navigating a period of consolidation below the $2.50 mark, leaving investors eager to see if the altcoin is poised for another surge. After a period of bullish momentum earlier in the cycle, XRP has held steady above critical support levels, hinting at the possibility of an upcoming rally. Top analyst Ali Martinez recently shared his insights on XRP’s price action, highlighting technical patterns and signals that suggest a potential rise in the coming days. Martinez’s analysis aligns with the cautious optimism permeating the market, as altcoins like XRP prepare to move in sync with broader market trends. Related Reading: Dogecoin ‘Looks Undeniably Impulsive’ – DOGE/BTC Ratio Uncovers Strong Accumulation However, market sentiment remains tethered to Bitcoin’s performance, with BTC still struggling to reclaim the $100K mark. Many investors view Bitcoin’s next move as a potential catalyst for the entire crypto market. Until then, cautious optimism surrounds XRP and other altcoins, with traders closely monitoring resistance levels and key technical indicators. The coming days could define XRP’s trajectory as it tests its ability to break free from consolidation and chart a bullish course. Investors remain watchful, balancing excitement with caution as the market shows signs of life. XRP About To Enter Price Discovery XRP is gearing up for a potential breakout, with the market anticipating a rebound from its current levels. The crypto community’s focus has shifted toward XRP as it consolidates below resistance and shows signs of preparing for a strong upward move—technical signals and broader market expectations for recovery across the crypto landscape fuel this optimism. Top analyst Ali Martinez has highlighted a critical development in XRP’s price action. According to Martinez’s technical analysis, the TD Sequential indicator has presented a buy signal on the XRP 4-hour chart, pointing toward a potential price rebound. The TD Sequential is a respected technical tool traders use to identify potential reversals or trend exhaustion, often signaling when an asset is ready to pivot from its current trajectory. This buy signal is a significant bullish indicator, suggesting XRP could rise in the coming days. As the market prepares for this potential rally, XRP investors are watching closely for the asset to reclaim its yearly highs and move decisively into price discovery. Related Reading: Ethereum Faces Aggressive Shorting As Taker Sellers Outpace Buyers By $350M Daily – Analyst To maintain the momentum of the current bull cycle, XRP must clear its resistance levels and sustain a breakout. With market sentiment showing cautious optimism, the next few days will be pivotal for XRP’s trajectory. If it successfully breaks into price discovery, it could set the stage for a massive rally, positioning the altcoin as a key player in the evolving crypto market landscape. Price Action Looking Strong XRP is trading at $2.38, showcasing resilience after reclaiming and holding the 4-hour 200 moving average at $2.33. This key technical level is a strong indicator of short-term strength, suggesting that XRP may be poised for a significant upward move. With the price stabilizing above this moving average, bullish sentiment among traders is growing. The current price action highlights XRP’s ability to defend critical support, signaling that buyers are stepping in to prevent further declines. If the bullish momentum continues, XRP could begin a massive rally in the coming days. The key level to watch is the $2.70 mark. Reclaiming this level and holding it as support would confirm a breakout, paving the way for a move toward new highs. However, if XRP fails to break above $2.70, the market could see an extended period of sideways consolidation. While this would delay a potential rally, it would also provide a base for accumulation and set the stage for a stronger breakout in the future. Related Reading: Ethereum Analyst Predicts A Bullish Q1 – Can ETH/BTC Ratio Push Above 0.04? As market conditions remain dynamic, the next few days will be crucial for XRP’s trajectory. A confirmed breakout above $2.70 could signal the start of a powerful bullish phase, solidifying its position in the ongoing crypto market recovery. Featured image from Dall-E, chart from TradingView
The XRP price has been one of the best altcoin performers over the last few months, going from below $0.6 to over $2.8 in this time period. Nevertheless, like the rest of the crypto market, the altcoin recently succumbed to bearish pressure, pushing it back toward $2. Despite this, the XRP price has continued to show strength, and recent developments on the altcoin’s chart show that the bullish momentum is far from over. XRP Price Shows Bullish Continuation So far, the XRP price has been ranging in a tight channel as bulls have maintained a tight hold on the $2 support. A crypto analyst on the TradingView platform points this out in a recent analysis that paints XRP in a bullish light despite the crash. Related Reading: Litecoin Sees 2M Bollinger Bands Tighten – What A Move Above $130 Will Mean For Price With the price retracement, $2 has been established as support, while the most notable resistance is now sitting below $3. Given the recent developments, the crypto analyst believes this is bullish for the XRP price. This is because the altcoin has been setting a bullish continuation move on the daily chart. This bullish continuation is known to be bullish for crypto assets, especially when it ends in a breakout. For now, the XRP price will need to break out of the current bullish channel to confirm this move. If this happens, then XRP could be looking at an over 300% move from its current price level. “Once we get a break out of that bullish channel we will break all time highs well into a new all time high,” the crypto analyst said. How High Can Price Go From Here? If the XRP price were to successfully break out of the bullish channel from here, then it signals momentum that could send it to a new all-time high. Currently, the altcoin is sitting around 37% below its all-time high price of $3.84 set back in 2027. This means that an 80% move from here would mean new all-time highs. Related Reading: Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst According to the crypto analyst, the breakout would see the XRP price more than double. They predict that the price could rise as high as $10-$11 off this bullish momentum, which would mean a 5x jump and the first time XRP would be touching double-digits. As for when this move might happen, the chart puts it in Q1 2025. The first quarter of the year has been known to be bullish for cryptocurrencies, so this falls into place for the cryptocurrency. The last two years have seen XRP close out Q1 in the green, with 58.8% gains in 2023 and 2.37% gains in 2024. So far, the XRP price is up 15.9% in 2025, suggesting that it will follow the same path as the previous years. Featured image created with Dall.E, chart from Tradingview.com
XRP’s price action forms a classic bullish continuation structure, with a profit target of around $15.
XRP, the cryptocurrency behind Ripple, has been a hot topic lately, with analysts predicting a possible price increase to $11. However, before this can happen, XRP has to face a significant challenge: a short-term price correction. Despite the positive long-term view, the asset is expected to face a pullback before any meaningful rally can take place. Resistance at $2.73 is currently the key level XRP must overcome for further price movement. Crypto analyst Ali Martinez sees this resistance as crucial for the maintenance of a bullish trend of XRP. Related Reading: Dogecoin To Hit $1? Expert Calls It A Realistic Goal For 2025 – Here’s Why The Critical Breakthrough Breaking through at $2.73 and following with upward motion might open a gateway to seeing the digital asset touch $11. However, failing to do so could spell trouble for the coin, bringing it down all the way to a potential low of $2.05. Given the very volatile price range, investors are watching the movement of XRP closely to know whether it is going to rally or correct. $XRP is still consolidating within the pennant of a massive bull pennant pattern. Until the $2.73 resistance is broken, a pullback to $2.05 remains possible before a potential breakout to $11! pic.twitter.com/ET39FJMtAc — Ali (@ali_charts) January 4, 2025 Technical Viewpoint In terms of technical analysis, other well-known analysts following the Elliott Wave Theory says XRP is in a correction. Having gone through a five-wave impulsive rally, they believe that XRP is now setting up for an ABC correction pattern. This type of correction usually comes after a long rally and acts as a breather before the next big move. Other analysts expect the correction to end around mid-January 2024, thereby giving traders a good opportunity to buy in before a new rally. This correction may temporarily push the price down, but it could set the stage for a much bigger increase in the coming months. Bullish Sentiment With all the associated risks of short-term price correction, overall sentiment is still heavily bullish for XRP. One of the major reasons for this is a resolution that just recently happened with regard to Ripple’s long-running court case with the US Securities and Exchange Commission (SEC). A favorable ruling on the case lifted much of the uncertainty from XRP’s regulatory standing in the public eye and made it one of the most attractive investments for many. Positive: Expectations for more accommodative crypto-friendly policies from the government and not one for broader market, creating an upward momentum. Related Reading: XRP Price Sets Sights on New Gains: Bulls Poised for Action A Brighter Future Ahead For XRP? Although correction in the near term can be expected, a long-term view about XRP still bodes quite well. When this correction plays out as expected, it can get a good entry point for those interested in investing with the potential next rally. The road to $11 is still ahead but if XRP keeps on the same track, it will be a show to behold. As usual, traders and investors need to remain vigilant in the expectation of key resistance levels and market trends. At the time of writing, XRP was trading at $2.41, up 0.1% and 15.4% in the daily and weekly timeframes. Featured image from Trackinsight, chart from TradingView
Ripple has shifted its focus back to the United States after Donald Trump‘s election victory in November 2024 sparked market-wide optimism. On Jan. 5, Ripple CEO Brad Garlinghouse highlighted this strategic pivot, revealing that three-quarters (75%) of the company’s active job listings are now based in the United States. This move marks a significant shift […]
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XRP price is consolidating gains above the $2.320 support zone. The price is showing positive signs and might aim for a fresh increase above $2.50. XRP price started a downside correction from the $2.50 zone. The price is now trading below $2.45 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.320 support. XRP Price Holds Support XRP price remained supported above the $2.30 level and extended gains, like Bitcoin and Ethereum. There was a move above the $2.45 level and the price tested $2.50 before there was a downside correction. A low was formed at $2.32 and the price is now rising. There was a move above the $2.40 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. There was a break above a connecting bearish trend line with resistance at $2.380 on the hourly chart of the XRP/USD pair. The price is now trading below $2.45 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.45 level or the 61.8% Fib retracement level of the recent decline from the $2.507 swing high to the $2.32 low. The first major resistance is near the $2.50 level. The next resistance is $2.55. A clear move above the $2.55 resistance might send the price toward the $2.680 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Decline? If XRP fails to clear the $2.45 resistance zone, it could start another decline. Initial support on the downside is near the $2.370 level. The next major support is near the $2.320 level. If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.370 and $2.320. Major Resistance Levels – $2.450 and $2.500.
"This is even more personal after Gensler's SEC effectively froze our business opportunities here at home for years," the CEO wrote.
A crypto analyst has issued a new XRP price prediction, forecasting a potential breakout that could see the prominent cryptocurrency skyrocketing to $4.9. With the formation of a classic bull flag pattern and the 1-Day 50 Moving Average (MA) acting as a bullish catalyst, the analyst is increasingly confident that XRP will reach new All-Time Highs (ATH) in 2025. How The 1-Day 50 MA Will Propel XRP Price To $4.93 The 50-day MA is a technical indicator used to track the average closing price of a cryptocurrency over the last 50 trading days. According to Dr. Dovetail, a TradingView crypto analyst, the 1-day 50 MA, indicated by the orange line in his XRP price chart, has risen to the lower boundary of a bull flag pattern. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The analyst suggested that XRP’s price action, which has been in a consolidation phase after its big pump, triggered the formation of the classic bull flag pattern. This bullish continuation pattern typically occurs after a strong upward movement, followed by a price correction that leads to consolidation. Historically, when a cryptocurrency consolidates near strong moving averages like the 1-day 50 MA, it indicates the readiness for a price breakout. Looking at his technical chart, the 1-day 50 MA plays a crucial role in Dr. Dovetail’s analysis and bullish XRP price prediction. The analyst believes this Moving Average can push the XRP price out of its consolidation nest to its next bullish target. Based on the confluence of technical patterns and indicators, the dotted ascending line in the analyst’s XRP chart indicates a potential price target of $4.93. Dr. Dovetail extended his forecast, highlighting that XRP could achieve this ambitious all-time high before February 2025. The XRP price chart has also indicated a volume bar showing relatively stable activity during the cryptocurrency’s consolidation phase. Additionally, the Stochastic Relative Strength Index (RSI) at the bottom of the chart suggests that XRP may be oversold, supporting the potential for a breakout. While Dr. Dovetail acknowledged that his predictions were not financial advice, the TradingView analyst expressed confidence that the current technical setup in the XRP chart could push its price to $4.93 this year. This target would represent a 105% surge from XRP’s current market value, underscoring a significant move upward from its consolidation phase. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Update On XRP Price Analysis According to data from CoinMarketCap, the XRP price is presently trading at $2.41, marking a noteworthy 8.79% increase over the past week. Delving deeper into its price action and ongoing consolidation phase, XRP experienced a severe downturn after it surged from $0.5 to above $2 in November 2024. Over the past few weeks, the cryptocurrency has struggled with volatility as it aims to reclaim its all-time high of $3.84, attained during the 2021 bull run. Nevertheless, XRP still holds its position as the third-largest cryptocurrency by market capitalization. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
The XRP price ended the month of December at around $2.08 after a period of back and forth between gains and declines. Although it ended December just above the $2 mark, the XRP price went through a bullish period in the first half of the month, which saw it peaking around $2.9, its peak price in over six years. Despite ending the month at a 28% decline from this six-year peak, XRP has nonetheless achieved the highest monthly candle body close in its history. This interesting phenomenon was noted by crypto analyst Tony Severino, who also suggested that the XRP price is on track to reach $13 this cycle. XRP Price Completes Highest Candle Body Close In History XRP ended December at a 6.94% gain from where it started, building upon an unexpected 281.7% increase in November, according to data from CryptoRank. This period of price increases saw XRP receiving considerable attention from crypto analysts and investors, with various predictions of a continued bullish momentum into 2025. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 However, Bitcoin’s failure above the $100,000 price mark seems to have stalled XRP’s momentum alongside many other cryptocurrencies. This caused XRP to spend the latter half of December in a correction plus consolidation path. Nevertheless, the bullish trajectory remains valid for XRP, with recent technical analysis by crypto analyst Tony Severino also lending voice to this. The XRP price registered its current all-time high of $3.40 in January 2018 but closed out the month at $1.124 to kickstart consecutive bearish candles on the monthly timeframe. As pointed out on the XRP monthly candles by Tony Severino, December 2024 was the highest monthly close for the XRP price. Although the cryptocurrency failed to break past its current all-time high during December, it managed to accomplish this notable milestone. While this isn’t much of a technical indicator, it lends voice to the lingering bullish momentum surrounding the XRP price, which has prevented further price declines below the $2 mark. Technical Analysis Points To $13 Price Target Crypto analyst Tony Severino also highlighted an interesting technical pattern playing out on XRP’s daily candlestick timeframe. According to the analyst, a bull flag seems to be emerging after XRP’s price correction in December. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The bull flag pattern identified by Severino is a technical setup often associated with significant price surges. It is characterized by the steep upward movement in November, followed by a period of consolidation in a downward-sloping channel in December. A breakout to the upside from the bull flag pattern typically leads to a continuation of the initial rally. In the case of XRP, Tony Severino projected a breakout that would see XRP surge to $13 in the coming months. At the time of writing, XRP is trading at $2.37 and is up by about 12% in the past 24 hours. Reaching the projected $13 target would translate to a 450% gain from the current price level. Featured image created with Dall.E, chart from Tradingview.com
The new year will bring freshmen members of Congress and President-elect Donald Trump, who made big promises to the industry during his campaign.
Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
In a post on X, prominent pro-XRP attorney, John E. Deaton, shed light on the intricate dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital asset. Deaton emphasized the extensive impact of the SEC’s lawsuit on Ripple, stating, “I do not […]
In a detailed XRP price analysis on the TradingView platform, crypto analyst AlanSantana has identified a price target of around $4.68, even as XRP has extended its decline towards the $2 mark. This interesting prediction is based on resistance and support levels in the XRP price chart, which are more reliable for technical analysis. According […]
Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move. XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected. The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 Meanwhile, the crucial support levels for the XRP price are $1.95, $1.88, and $1.63. Based on an earlier analysis by Dark Defender, XRP could still rally to double digits in the long term. The analyst highlighted a bull flag that had formed on the daily chart, noting that it was similar to the one that had earlier formed on the 4-hour timeframe. Dark Defender stated that the bull flag that formed on the daily chart targets the Fibonacci Level of $5.85 and penetrates toward $10.1979. The crypto analyst remarked that this is a historical pattern approach and the Fibonacci Wave. He added that the last Fibonacci targets stand at $18.22 and $36, with no significant targets in between. The analyst’s accompanying chart showed that the XRP price could reach these targets in the first half of 2025. While analyzing XRP’s yearly chart, Dark Defender stated that a God Candle awaits next year. This came as he noted that XRP had enjoyed a breakout year in 2024, having consolidated for around six years. XRP boasts a year-to-date (YTD) gain of over 228%. From An RSI Perspective Crypto analyst Egrag Crypto provided insights into the XRP price action from a Relative Strength Index (RSI) perspective. The analyst stated that 74, 70, and 65 are the three key RSI levels to watch out for. In the most bullish scenario, he remarked that XRP needs to ideally reach 88 or even 96.5 and higher for the RSI curvature to continue trending upward. Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why Egrag Crypto said it would be “incredibly” bullish if the XRP price bounces from the 74 range. Meanwhile, a dip to 70 could indicate bearish momentum. However, he added that a bounce from this RSI level is essential for continuing the bull run. Likewise, a dip to 65 is also bearish for XRP, but as long as the crypto doesn’t drop below this level, then a bounce would indicate a significant move ahead. The crypto analyst warned that closing below the 65 RSI level could signal the end of the bull run. At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Egrag Crypto, a well-known crypto analyst on the social media platform X, recently shared an optimistic price prediction for XRP. According to the analyst, technical analysis of the XRP price on the weekly timeframe suggests that XRP is on track to reach a price target of $15 by May 5, 2025. Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst The analysis, which is rooted in Fibonacci levels and Elliott Wave theory, offers a long-term bullish outlook for the altcoin despite its recent decline over the past week. This is because the XRP price has been on a decline since the past seven days alongside the rest of the crypto market. Fibonacci And Elliott Wave Analysis For XRP According to Egrag Crypto, the Fibonacci 1.618 level indicates that May 5, 2025, could be a pivotal date for XRP’s price trajectory in the long term. His technical analysis uses auto-Fib time zones and trend-based Fibonacci on the weekly XRP timeframe price chart. Interestingly, this timeline aligns closely with the general sentiment surrounding XRP, as many crypto participants are currently looking forward to a surge in the first half of 2025. As such, the analyst also noted that it remains uncertain whether the predicted surge to $15 will occur before or after this predicted date. Speaking of price timeline, the $15 target is based on actual calculations and the Elliot Wave theory. According to the analyst, XRP is currently in Wave 4, which is the second corrective phase in the Elliot Wave theory. Once this phase is completed, Wave 5 is expected to be the next major move. Wave 5 is traditionally known for being the third impulse wave that pushes the asset’s price to new highs. To estimate the magnitude of Wave 5, the analyst examined the performance of the previous impulse waves 1 and 3. Notably, Waves 1 and 3 were highlighted by price increases of 63.39% and 570%, respectively. Using these figures, Egrag Crypto applied a common Elliott Wave principle that suggests Wave 5 often equals 61.8% of the combined gains of Waves 1 and 3. By applying this school of thought and punching in the numbers, Wave 5 is expected to result in an approximate price increase of around 391% for XRP. In terms of a price target, this translates to a price range around $15. Is A Long-Term Bullish Trajectory Still Valid For XRP? Despite XRP’s current decline over the past seven days, mirroring a broader market downturn, this technical analysis provides a counterpoint to the short-term bearish outlook. Particularly, XRP has been on a decline since it peaked at $2.82 on December 3. Related Reading: XRP Forms Bullish Flag Pattern: What’s Next For The Altcoin? At the time of writing, XRP is struggling to reclaim the $2.20 price level and is still facing selling pressure among some holders. Nonetheless, the cryptocurrency’s fundamentals point bullish, and it could easily resume its price surge anytime soon. At the time of writing, XRP is trading at $2.18 Featured image from Outlook Business, chart from TradingView
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
XRP price failed to continue higher above $2.35 and declined. The price is down over 5% and is showing bearish signs below the $2.20 level. XRP price started another decline below the $2.250 support level. The price is now trading below $2.25 and the 100-hourly Simple Moving Average. There was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.120 support. XRP Price Dips Again XRP price failed to clear the $2.35 resistance and started a fresh decline, like Bitcoin and Ethereum. There was a sharp move below the $2.30 and $2.50 support levels. Besides, there was a break below a key declining channel with support at $2.235 on the hourly chart of the XRP/USD pair. The pair declined over 5% and even tested the $2.120 zone. A low was formed at $2.126 and the price is now consolidating losses. It corrected some losses and climbed above $2.15. It tested the 23.6% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. The price is now trading below $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.18 level. The first major resistance is near the $2.20 level. The next resistance is $2.24 or the 50% Fib retracement level of the recent decline from the $2.348 swing high to the $2.126 low. A clear move above the $2.24 resistance might send the price toward the $2.30 resistance. Any more gains might send the price toward the $2.320 resistance or even $2.350 in the near term. The next major hurdle for the bulls might be $2.450. More Losses? If XRP fails to clear the $2.24 resistance zone, it could start another decline. Initial support on the downside is near the $2.12 level. The next major support is near the $2.10 level. If there is a downside break and a close below the $2.10 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.120 and $2.100. Major Resistance Levels – $2.180 and $2.240.
XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.30 resistance. XRP Price Fails Again XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now correcting gains. There was a move below the $2.30 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.288 level. There is also a key declining channel forming with resistance at $2.288 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level. The next resistance is $2.35. A clear move above the $2.35 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start another decline. Initial support on the downside is near the $2.24 level. The next major support is near the $2.210 level or the 61.8% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.210 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.240 and $2.210. Major Resistance Levels – $2.300 and $2.350.