XRP has had an impressive year, with a remarkable 252% increase in value over the past 12 months. Despite recent market challenges, the fourth-largest cryptocurrency by market cap has shown significant bullish potential. Following a breakout in November, XRP reached a multi-year high of $2.9 earlier this month, and experts are now speculating that the digital asset could continue its upward trajectory in 2025, possibly reaching as high as $35.
CryptoInsightUK Forecasts XRP to Hit $35
In a recent analysis, Crypto chartist CryptoInsightUK suggested that XRP could see a substantial upsurge next year, potentially hitting $10 in the first quarter of 2025 and soaring to $35 later in the year. The analyst based this forecast on the continuation of the current bullish pattern, which has been influenced by several factors, including the potential reforms in the SEC hierarchy and broader positive sentiment around the XRP ecosystem.
Finally, $XRP / $USD Weekly.
— Cryptoinsightuk (@Cryptoinsightuk) December 22, 2024
I have overlayed the 2017 bars pattern but also adjusted it to size in relation to our recent breakout.
If we continues following this pattern with this cycles % gains, we could see $10+ in Q1 and a moon boy blow of top to $35 ish in Q3/4 2025.
I… pic.twitter.com/OFM8hkKl2p
CryptoInsightUK explained that the recent breakout in XRP’s price prompted him to adjust his 2017 overlay chart, raising the forecast bar to the current price level. The analyst emphasized that if bullish momentum continues, XRP could experience a strong performance in both Q1 and Q3/4 of 2025, with the asset’s price climbing steadily throughout the year.
XRP Faces Key Support Levels Amid Market Uncertainty
While CryptoInsightUK is optimistic about XRP’s future, other analysts have issued caution. A notable update from analyst Dom pointed to concerns over XRP’s current price support levels. According to Dom, XRP has twice tested the critical $1.9 support level, weakening its foundation. If Bitcoin’s price continues to struggle, with a close below $95,000, it could lead to a broader downtrend for the market, pulling XRP down as well.
$XRP time value analysis (longer post)
— Dom (@traderview2) December 22, 2024
Expanding on the idea that if that wasn't the local low for $XRP, we likely drop -30% from here
When an asset rapidly reprices, it doesn't have time to create "value" or "foundation" through the price levels and often leaves gaps of low… https://t.co/CEgfBkGvXF pic.twitter.com/j7MxyYh9OO
Dom speculates that if XRP loses the $1.9 support, it could fall as low as $1.6, a significant retracement that could derail the asset’s bullish momentum. However, if XRP holds its current price level and manages to reclaim $2.4, it could signal a fresh surge and potentially a new all-time high.
XRP’s Outlook for 2025
As of now, XRP is trading at $2.18, reflecting a slight decline of 2.75% in the past 24 hours. The coming months will be crucial in determining whether XRP can maintain its bullish trajectory. Should the asset hold above key support levels and continue to build momentum, analysts believe XRP could achieve its ambitious price targets in 2025, with the potential for a dramatic rise to $35. The crypto market’s volatility and broader macroeconomic factors, including Bitcoin’s performance, will play a pivotal role in shaping XRP’s price movements in the year ahead.
Also Read: Massive XRP Whale Transfer ($132M) Ignite $27 Price Speculation Despite Bullish Market Signals
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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