Ripple (XRP) could reach new all-time highs this year
Analysts are optimistic that Ripple's XRP (CRYPTO:XRP) could achieve new all-time highs in 2025, citing strong technical indicators and significant whale activity.
Despite experiencing a price drop below $2.25 on January 9, XRP rebounded to nearly $2.60 two days later.
One analyst known as CRYPTOWZRD noted that XRP has successfully flipped previous resistance levels into support around $2, suggesting a potential surge to $4 and even $8.
This pattern is reminiscent of the pre-bull run dynamics observed in 2017.
Another trader, WSB Trader Rocko, described XRP's price chart as “the most bullish in crypto,” linking its potential growth to the recent launch of Ripple’s stablecoin (RLUSD) and possible connections with Donald Trump’s future administration.
“The most powerful chart in all of crypto,” stated Veteran trader Peter Brandt, expressing renewed optimism in XRP.
He predicts that the asset's market capitalisation could exceed $500 billion, driven by a “half-mast flag” formation on the charts.
A key factor supporting this bullish sentiment is the accumulation of XRP by whales.
Reports indicate that large investors have purchased approximately one billion XRP, valued at around $2.5 billion, within just 48 hours.
This accumulation reduces the circulating supply and signals confidence in the asset, potentially attracting more retail investors.
As XRP continues to navigate market fluctuations, analysts remain hopeful for a substantial price increase this year, with some projections suggesting targets as high as $20.
The combination of technical indicators and whale activity may position XRP for a significant rally in 2025.
At the time of reporting, the XRP (XRP) price was $2.54.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.
Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”
A crypto analyst has spoken about the next target for Bitcoin’s price after its recent rally. Here are the details.