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Cryptocurrency News Articles

XRP is at a turning point, and analysts are split on its next move.

Mar 07, 2025 at 01:19 am

XRP's price could be in for a dramatic swing. Market expert Ali Martinez warns that if XRP falls below the critical $2 support level, it could tumble by 40%, which would drag its value down to $1

XRP is at a turning point, and analysts are split on its next move.

XRP price could be in for a dramatic swing. If it falls below the critical $2 support level, a 40% decline might be on the cards, potentially dragging its value down to $1. Alternatively, if history repeats itself, we could witness a major rebound, potentially pushing XRP to $30 by May 2025.

On the other hand, StratoVM ($SVM) has experienced a staggering 347% price increase, and as Bitcoin's DeFi sector continues to grow rapidly, projects like StratoVM could play a key role in bringing smart contracts, AI, and faster transactions to the network.

Will XRP Rebound to $30 After a Drop to $1?

The technical analysis reveals that XRP's price is approaching a decisive moment. A breach below the $2 support could open the door for a 40% drop, potentially aiming for $1. This pessimistic scenario is amplified by the pessimistic market sentiment and potential for a broader market downturn.

However, on the bullish side, a return to the $2.8 resistance, which is the 0.382 Fibonacci retracement level of the 2017 rally, could pave the way for a continuation of the bullish trend. This scenario is supported by the optimistic market sentiment and potential for a market uptrend.

If history repeats itself, we could witness a rebound from the 0.236 Fibonacci retracement level, leading to a rally to the 1.618 Fibonacci extension level, which is around $30. This rally could occur by May 2025.

Furthermore, XRP's inclusion in strategic reserves at the beginning of this year is another factor that could contribute to a significant price increase.

As of today, XRP is trading at around $2.48, showing a 4.5% increase in the last 24 hours. The cryptocurrency's trading volume has also been strong, reaching approximately $9.84 billion over the same period.

StratoVM ($SVM): The Breakthrough Layer-2 That Could Transform Bitcoin Beyond Just Digital Gold

Bitcoin is the go-to asset for those seeking to store value, often compared to digital gold due to its limited supply, high liquidity, and potential for hedging against inflation. But when it comes to smart contracts, DeFi, and AI applications, Bitcoin lags behind faster blockchains like Ethereum and Solana.

That's where StratoVM ($SVM) comes in—a Layer-2 solution designed to potentially tap into Bitcoin's potential beyond just being a store of value.

While Ethereum powers countless decentralized apps and financial tools, Bitcoin's functionality has been limited. StratoVM might be able to change that by making Bitcoin transactions faster, integrating DeFi, and enabling AI-powered applications.

SVM's price has grown over 347% in the last week, hitting $0.2217, according to CoinGecko. Despite this massive jump, its market cap is still at $3.7 million—small compared to projects like CoreDAO with a market cap of $990 million. This means there's still a lot of room for growth if more people start using it.

Meanwhile, Bitcoin's DeFi sector (BTCFi) is exploding. In just a year, the total value locked (TVL) in Bitcoin-based DeFi projects has skyrocketed from $307 million to $5.85 billion, according to DefiLlama. With that kind of momentum, demand for Layer-2 solutions like StratoVM could soar.

StratoVM is already gaining traction—it's listed on Uniswap, and rumors are circling about a centralized exchange (CEX) listing. The project's testnet is active, with 113,000 wallets and 56,000 daily transactions.

If StratoVM manages to achieve its goal, Bitcoin could break past its traditional role and step into the world of DeFi, smart contracts, and AI. This shift could have massive implications for the crypto industry and the broader financial markets.

As always, it's crucial to conduct thorough research and invest wisely, considering your own risk tolerance and investment objectives.

The post XRP Price Could Hit $1 or Soar to $30 as StratoVM Shows Unbelievable 347% Increase appeared first on ChainZ Blog.

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Other articles published on Mar 07, 2025