As the cryptocurrency market enters 2025, XRP finds itself at the center of considerable speculation, with analysts forecasting dramatic moves for the digital asset.
On-chain analyst Ali Martinez has drawn significant attention with his projection that XRP could rally to $11, citing key technical signals that suggest a major price move next year.
“The Bollinger Bands are squeezing on the $XRP daily chart, indicating a big price movement is underway!” Martinez noted in a December 31 update.
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He elaborated that XRP is displaying one of the most promising setups heading into 2025, with $11 as the projected target. While ambitious, the prediction aligns with broader market trends and XRP’s historical behavior during periods of high volatility.
Current XRP market landscape
Despite the bullish outlook, XRP’s recent performance has raised eyebrows among skeptics. The token is currently trading at $1.98, down 8% over the past week, with its market capitalization slipping by $10 billion to $118 billion.
These declines highlight the volatility XRP continues to face, even as it maintains its position as one of the leading cryptocurrencies.
Technically, XRP is clinging to its $1.86 support level while eyeing resistance at $2.26. The $2 psychological level remains a key battleground, and a decisive break above this point could pave the way for renewed upward momentum, with XRP currently changing hands at $2.07.
However, a drop below $1.86 could trigger additional downside, with some analysts pointing to $1.60 as the next potential floor.
Notably, XRP is still trading above its 200-day simple moving average, a critical indicator of long-term bullish sentiment. The token has recorded 15 green days in the past 30, reflecting a 50% positive performance rate. While these metrics underscore XRP’s resilience, the near-term outlook remains uncertain, with traders awaiting confirmation of the next major move.
XRP historical parallels
Javon Marks, another crypto analyst, has drawn parallels between XRP’s current price structure and its historic 2017 bull run. “XRP’s current 3-day timeframe is looking extremely similar to that 2017 run.
Prices right now may only be getting ready to come out of an ‘Intermission Phase’ before yet another ‘groundbreaking’ bullish rally!” he remarked. If this analogy holds true, XRP could be on the cusp of a major breakout.
The $11 target: Realistic or ambitious?
Reaching $11 would represent a nearly 6x increase from current levels, requiring a significant influx of capital and market participation and a 431% price increase.
XRP’s inflationary supply dynamics and recent bearish pressures suggest that achieving $11 will not be without challenges. The $1.90-$2 zone has acted as a robust support level, and maintaining this range will be critical for any sustained upward momentum.
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