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Cryptocurrency News Articles
Ripple (XRP) Price Analysis and Price Prediction: Can XRP Hit $6 by 2025?
Nov 19, 2024 at 10:55 am
Ripple (XRP) has remained in the spotlight after its surprise rally from a region of $0.65 to $1.23, a 100% gain after the U.S. post-elections.
Key Takeaways
Ripple (XRP) has remained in the spotlight after its surprise rally from a region of $0.65 to $1.23, a 100% gain after the U.S. post-elections. There has been growing optimism among top crypto analysts about the possibility of Ripple (XRP) rallying to a high of $6.
Ripple’s (XRP) $1 break was more than a psychological break, as it brought much relief for many XRP faithful, considering the digital assets have many use cases. However, Ripple has struggled to perform in the cryptocurrency market for the past three years due to the United States Security and Exchange Commission dragging Ripple to court.
With much liquidity flowing into the Ripple (XRP) network, increased transactional activities, and price action, there are high chances of Ripple (XRP) reclaiming its third-place spot with a market cap of over $350 billion.
Ripple (XRP) Price Analysis and Price Prediction 2025
Although the price prediction for Ripple (XRP) has been out of the rough lately, top analysts have speculated that a $10 XRP price towards the end of 2025 is possible. Such modest price prediction for Ripple (XRP) price is attainable considering XRP’s community backing this token to perform.
Some speculation for Ripple (XRP) has seen the possibility of a $100 or $50 mark, which is possible but could take a while, probably in a subsequent bull run cycle, as this price prediction for XRP seems unachievable in 2025.
According to Ripple (XRP) CEO which i quote “CEO – Brad Garlinghouse says: “Before the SEC got involved in the crypto markets, XRP was the second most valuable digital asset!”
A huge catalyst fueling the price of XRP could be Gary Gensler’s imminent resignation, which would be a big boost for Ripple (XRP), which has been hampered by court cases.
The price action and expectations have created much awareness for investors who are paying close attention to Ripple (XRP). This crypto token continues to prove doubters wrong while holding its price above its three-year support zone.
XRP Price Analysis On Higher Timeframe
Source – Ripple (XRP) Weekly Price Analysis on TradingView.com
Ripple’s (XRP) short-term price targets remain $1.4-$1.7, as the price of XRP could be faced with some selling pressure around these regions on the weekly and daily timeframe. If the price of XRP breaks above this region, holding above $1.9, we could see a price aiming at reclaiming its previous all-time high before its SEC lawsuit, which saw its price dropped to a region of $0.5.
Ripple (XRP) price actions on higher timeframes suggest the price of XRP is in favour of the bulls. Its price trading above the 50-day and 200-day EMA (Exponential Moving Averages), respectively, acts as support for XRP prices.
A break above $2 for XRP could send price targeting to $3 and possibly $6 in the near future, considering its present price actions.
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