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Cryptocurrency News Articles
Can Ripple (XRP) Token Regain Its Bullish Momentum in 2025?
Dec 25, 2024 at 03:30 am
The analyst behind Cilinix Crypto, a YouTube channel with 85,000 subscribers, shared his insights on XRP's potential trajectory through 2025 in his
A popular crypto analyst is remaining bullish on XRP into 2025, despite theトークン showing relative weakness in recent trading sessions.
The analyst behind Cilinix Crypto, a YouTube channel with 85,000 subscribers, recently shared his latest market analysis on XRP’s (XRP) price trajectory through 2025.
According to Cilinix, XRP has exhibited promising bounces across the market, but the altcoin has shown relative weakness compared to others in recent trading sessions. He notes a significant 36% decline in trading volume, which he attributes primarily to seasonal holiday effects rather than fundamental weakness.
Highlighting XRP’s recent price action, Cilinix points to theトークン breaking through the crucial “value area low” at around 2.2, which he sees as a positive sign. While the immediate gains were modest, Cilinix interprets this as an indication of underlying strength in XRP’s technical structure.
Continuing his analysis of XRP’s chart, the analyst identifies what he describes as an “extremely bullish” chart pattern, suggesting the formation of a bullish flag that could precede significant upward movement.
“This is an extremely bullish chart pattern, forming a bullish flag that could lead to a massive breakout. If you’re looking at the technicals, this is as good as it gets, setting up for another leg up.”
Cilinix also provides a critical assessment of Ripple’s stablecoin (RLUSD), noting that its current $1 million trading volume lags significantly behind major competitors like USDT ($128 billion) and DAI ($150 million).
Initially expected to boost XRP’s momentum, Cilinix suggests that the stablecoin’s performance has yet to meaningfully impact the broader ecosystem.
“We can see that the stablecoin, RLUSD, is trading at around $1 million in volume, which is still very low compared to the major stablecoins in the market, like USDT at $128 billion and DAI at $150 million.”
Concluding his analysis, Cilinix remains strongly optimistic about XRP’s performance in 2025. Looking at the chart patterns, he sees similarities to historical formations that preceded significant rallies.
While acknowledging short-term market fluctuations, Cilinix emphasizes that XRP’s technical indicators are pointing toward sustained growth, particularly as the broader altcoin market gains momentum.
“Overall, the price action for XRP is showing some weakness in the short term, but the longer-term outlook still seems promising. If you’re patient and can handle the market ups and downs, holding onto XRP could lead to substantial returns, especially as we move into 2025.”
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