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Cryptocurrency News Articles
Ripple (XRP), Solana (SOL) and PlutoChain ($PLUTO) Poised for Growth in 2025 as the Crypto Market Heats Up
Dec 23, 2024 at 06:43 pm
Ripple is gaining traction as it moves closer to sorting out its regulatory issues, which could help increase its role in cross-border payments.
Ripple (XRP) might be gearing up for another leg up, as the crypto world edges closer to 2025. But what can we expect from XRP in the coming weeks?
Fresh off a 4% price dip over the past 24 hours, XRP is currently trading at around $2.24, showing resilience despite the slight downturn. XRP has managed to stay in the green this month, countering the broader market downtrend.
A glance at XRP’s price chart reveals a key resistance level around $2.20, which XRP has been testing throughout December. If buying pressure builds, XRP could attempt to break through this resistance, potentially aiming for higher ground.
On the downside, support appears to be holding strong at the $2 mark. A failure to maintain this level could lead to further price decline.
However, if XRP manages to push past the $2.50 resistance level, it might have a shot at continuing its rally toward the $3 price point in 2025.
A closer look at XRP’s price action reveals periods of relative price stability, occasionally punctuated by sharp spikes following updates on Ripple's legal case with the SEC.
During the past 24 hours, XRP's trading volume has seen moderate activity, which is consistent with the overall trend in recent months.
According to Binance analysis, XRP could be set for a bullish 2025, with some even predicting a return to its all-time high of $3.84.
This optimism is fueled by Ripple's partnerships with financial institutions and its potential role in cross-border payments, especially if the regulatory landscape becomes clearer.
Solana (SOL) might be preparing for a fresh rally, aiming to reclaim the $200 mark and continue its surge toward $300 as we approach 2025.
But what can we expect from SOL in the coming weeks?
A quick check on SOL’s price action reveals a slight dip below the $200 mark. However, the price chart suggests a potential “calm before the storm” as 2025 unfolds.
From a technical analysis perspective, SOL is encountering crucial resistance and support levels.
The Relative Strength Index (RSI) seems to be hovering around 50, indicating a neutral zone with the possibility of upward momentum if buying pressure intensifies.
Moreover, a closer examination of SOL’s chart patterns might hint at bullish tendencies.
The chart formation suggests a symmetrical triangle, which often indicates a breakout. If SOL can breach the upper trendline of this triangle, it may enter a strong upward trajectory.
With technical indicators aligning and the project still maintaining a presence in the top 10 crypto rankings, Solana appears well-positioned for growth in 2025.
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