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Cryptocurrency News Articles
XRP is the focus of discussion, particularly following the SEC officially dropping its lawsuit against fintech firm Ripple regarding past XRP sales.
Mar 29, 2025 at 08:00 pm
Investment firm Bitwise recently released a report exploring potential price paths for XRP through the end of 2025.
major cryptocurrency is in the crosshairs of technical analysis as it faces a critical juncture.
What Happened: After a brief rally that saw XRP hit a weekly high of $2.5, the token underwent a sharp correction. As it fell below the 20-day Exponential Moving Average (EMA) at around $2.17, it sparked discussion on whether XRP is headed for a deeper fall or positioning for a major rebound.
Investment firm Bitwise recently explored potential price paths for XRP through the end of 2025 in a report. Their analysis suggests the outcomes depend heavily on XRP’s adoption momentum, particularly for payments and within the broader digital asset tokenization market, which some project to reach nearly $11 trillion by 2030.
In Bitwise’s bullish scenario, XRP could reach $4.48 by year-end 2025, assuming it captures even a small percentage of this expanding market. A steadier growth outlook in their analysis projects $3.90 for XRP, assuming consistent growth in related payment services.
Conversely, Bitwise stated a bearish scenario occurs if XRP fails to gain significant institutional backing, potentially seeing the price drop to $1.82 in that case.
Offering a contrasting, potentially more near-term bullish technical view, TradingView analyst TehThomas presented a different setup for XRP. He notes the asset currently trades within what appears to be an ascending channel pattern, often characterized by higher highs and higher lows. This pattern is usually a sign of an underlying uptrend.
TehThomas highlights XRP’s price now sitting within the 0.618–0.65 Fibonacci retracement zone of a prior upward move. This area, technically known as the “Golden Pocket,” is historically considered a strong potential reversal or support zone by chart analysts. He also notes the price aligns with an “imbalance zone,” suggesting price might naturally revisit these levels before potentially resuming an upward trend.
If XRP successfully holds the current levels within this Golden Pocket zone as key support, TehThomas predicted it could rally approximately 20% toward the $2.80–$2.90 resistance range.
Current daily indicators provide additional context. The Relative Strength Index (RSI) reads near 52, suggesting a relative balance between buyers and sellers, although its recent downward gradient hints at increasing sell-side pressure.
XRP’s price also trades near the Bollinger Bands’ mid-line, often signaling a potential consolidation phase. Key levels defined by the bands suggest a break below support near $2.10 could risk a test of the lower band (around $1.44), while a convincing move above resistance near $2.36 is needed to trigger a stronger rally attempt.
See More: Best Cryptocurrency Scanners 2023
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