TLDR
- Forecasts suggest XRP could climb to $5-8 by the end of 2025, though some analysts are even contemplating heights of $18-23.
- Ripple's settlement with the SEC sparked a brief increase in XRP’s value. However, the token finds it hard to sustain the $2 threshold.
- There's an optimistic outlook for the approval of an XRP ETF by 2025, with experts giving it an 85% chance, which could lead to significant institutional investments.
- Ripple’s collaboration with Chipper Cash is expected to boost the efficiency of cross-border transactions in Africa.
- With a current price around $2.07, XRP is indicating bearish signs, with a crucial support level pinpointed at $1.97.
XRP has become a hot topic among speculators as anticipation builds for prices ranging from $5 to $8 by late 2025, despite recent challenges maintaining its $2 base.
At about $2.07, XRP is seeing minor ups and downs, with a dip of 1.14% over the day and 15.48% over the week, underscoring the volatility typical of the crypto sphere.
Ripple wrapping up its legal skirmish with the SEC provided a favorable twist for XRP, leading to a short-lived price hike that eventually settled around the $2 mark again.
Technical Analysis
XRP's technical chart is showing a shift, having dropped below a critical ascending trendline, with $2.20-$2.30 acting as a formidable resistance point after repeated rejections.
On a larger scale, XRP's weekly chart delineates a range between past peaks in 2018 and 2021, which is leading to price stagnation as big investors hold back.
The Ichimoku Cloud analysis reveals a bearish setup, with the market price below the cloud and immediate resistance at $2.13 and $2.12, highlighted by the Tenkan-sen and Kijun-sen lines.
A noticeable drop in trading volume raises the possibility of a sudden market move, but it's unclear which direction this will take with mixed technical signals.
Catalyst for Growth: ETF Prospects
An approved XRP ETF in the U.S. is viewed as a game-changer for its price, especially with analysts giving it an 85% chance following the SEC's decision against appealing Ripple's case.
An ETF go-ahead would pave the way for institutional access to XRP through formal financial avenues, potentially boosting the token's liquidity and demand, pushing prices higher.
Ripple continues to enhance its reach through strategic alliances, like its recent deal with Chipper Cash, aiming to revolutionize cross-border payments in Africa and drive real-world usage. of XRP for international transfers.
The $1.97-$2.00 range is a key support area for XRP, historically sparking recoveries, yet numerous tests are turning it into a more fragile threshold.
Dipping below $1.97 could lead to further descent towards $1.80, with $1.60 as a potential bottom if market outlook dims, as a descending triangle on the daily chart outlines this bearish view.
A resurgence in XRP hinges on reclaiming $2.30 and surpassing the $2.56-$2.60 level, which align with prominent resistance from earlier highs.
The MACD highlights an increasing bearish tone while the RSI trends downward, though the DMI and CMF indicators hint at a possible rebound, painting a complicated technical scene.
A climb to $3 is feasible if XRP remains above $2, though a drop to $1.8 doesn't necessarily spell doom, as bouncing back from 2021 highs could propel a recovery. XRP to form a new all-time high later in 2025.
