XRP Price Prediction: Token Gears Up for a Bullish Rally as It Nears the Apex of a Falling Wedge Pattern

The Ripple Token price chart exhibits a distinct bullish trend that emerged in early November 2024, culminating in a sharp rally toward the $2.50 mark in December.

The XRP price dropped 5% in the last 24 hours to trade at $2.29 as of 00:58 a.m. EST on trading volume that surged 78% to $7.5 billion.

This comes as top Ripple executives met with President-elect Donald Trump. Ripple CEO Brad Garlinghouse shared a picture of the firm’s senior executives with Trump, saying, “Great dinner with Donald Trump and Stuart Alderoty. Strong start to 2025!”

Great dinner last night with @realDonaldTrump & @s_alderoty.

Strong start to 2025! pic.twitter.com/UjM6lahUG4

— Brad Garlinghouse (@bgarlinghouse) January 8, 2025

The dinner comes on the eve of a crucial SEC vs. Ripple case deadline. The SEC is expected to file its appeal-related opening brief by January 15 if it plans to challenge the Programmatic sales of the XRP ruling. 

In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test.

Meanwhile, Ripple and Chainlink have announced a strategic alliance to increase the use and acceptance of Ripple USD (RLUSD), the company’s enterprise-grade stablecoin.

🔥 BREAKING: @Ripple partners with Chainlink to enhance $RLUSD stablecoin functionality, leveraging real-time price data for secure and seamless DeFi interoperability. $XRP is going mainstream 🚀 pic.twitter.com/iTCZ1jIsWB

— EDO FARINA 🅧 XRP (@edward_farina) January 7, 2025

XRP Price Gears Up Towards A Bullish Rally

The Ripple Token price chart exhibits a distinct bullish trend that emerged in early November 2024, culminating in a sharp rally toward the $2.50 mark in December. 

The steep upward movement during this rally is reflected by the near-vertical price increase, indicating strong buyer interest.

Following the rally, the XRP price entered a consolidation phase, forming a classic falling wedge pattern characterized by lower highs and lower lows. This type of pattern generally signals indecision in the market and often acts as a continuation pattern in a bullish trend. 

The current price of XRP at $2.29 is near the wedge’s apex, suggesting an impending breakout is likely, according to GeckoTerminal data.

The Relative Strength Index (RSI) stands at 52.58, indicating neutral momentum. It has cooled off significantly from overbought levels observed during the November rally.

This reset suggests that XRP has room to move higher without facing immediate overbought pressures, assuming bullish momentum resumes.

Ripple Price Prediction

Based on the current setup, the Ripple token price is at a critical juncture. A breakout from the falling wedge triangle could result in a strong upward move, potentially targeting $3.00, which aligns with the projected height of the wedge added to the breakout point.

Conversely, if the price of XRP breaks below the 50-day SMA and the lower trendline of the triangle (around $2.10), bearish momentum could push the XRP price toward the $2.00 psychological level or even the $1.80 zone.

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The Zealy Community Slapdrop Campaign offers additional tasks and leaderboards for users to climb. To join:

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