XRP Could Skyrocket to $35K by 2025, Analysts Predict
- XRP Projection: Growth of up to 1.295% by 2025.
- Critical support: $1,95 as a key level to monitor.
- All-time high: possible peak between $20 and $35.
A cryptocurrency analyst has drawn attention to XRP, highlighting its significant growth potential with impressive projections for the coming months. According to technical analysis expert Credible Crypto, XRP has one of the most bullish market structures among crypto assets currently, as analyzed across multiple time frames.
“[XRP] is probably the most bullish altcoin at the moment… The asset is showing very clear and identifiable impulsive price action,” the analyst stated on his YouTube channel.
Using Elliott Wave Theory, Credible Crypto explained that XRP’s uptrend could reach surprising levels. The analyst suggests that the asset is on track to surpass $4, marking a new all-time high in the near term. He also projected a more ambitious move:
“Once the final wave is reached, I expect XRP to peak somewhere between $20 and $30.”
Another analyst, Dom, noted that the critical support at $1,95 has been tested, signaling the importance of holding this level to sustain the uptrend. Should the price fall below this level, there is a risk of a pullback to $1,60, compromising the current bullish pattern.
However, the positive outlook for XRP remains unabated, especially after a significant rally of over 250% throughout 2024. This movement was driven by factors such as the reform in the SEC hierarchy and the positive impact of the pro-crypto policies of the United States government.
At the time of publication, the price of XRP was quoted at US$2,19, up 3% in the last 24 hours.
With XRP currently consolidating around $2,18, analysts believe that holding the support level and continuing the bullish pattern could lead to even greater upside in the coming year.
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.
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