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coinpedia 2024-12-31 13:40:48

XRP Price Demonstrates the Most Bullish Set-ups for 2025: Poised to Hit a Double-Digit Figure Before the End

XRP Price Demonstrates the Most Bullish Set-ups for 2025: Poised to Hit a Double-Digit Figure Before the End

The post XRP Price Demonstrates the Most Bullish Set-ups for 2025: Poised to Hit a Double-Digit Figure Before the End appeared first on Coinpedia Fintech News As the year comes to an end, the possibility of the top tokens closing the trade above the crucial resistance remains vague. Bitcoin fails to restore $98,000 while Ethereum may close the trade below $3,500. Meanwhile, the XRP price continues to trade above $2, displaying magnificent strength that may result in the token manifesting massive moves in the upcoming days in 2025. The current trade setup for XRP suggests the token is poised to mark a double-digit figure in 2025, as the bulls appear to be poised for a 10x rally. The XRP price is displaying very sluggish behaviour at the moment, with the volume depleting and reaching the lowest possible levels. This may suggest a massive drop in the number of buyers, as the progress seems to be very low. However, the token is about to make a historic yearly close above $2 after marking a seven-year high close to $3. Hence, sealing the levels above $2 that it usually fails to achieve after the 2018 & 2021 bull run suggests there is more room for the token to thrive in 2025. The XRP price has been trading decremental since the rejection from the 7-year high close to $3 and seems to have reached the edge of the consolidation. Meanwhile, the Bollinger band’s sudden contraction after a massive expansion followed by a parallel consolidation. Previously, whenever the bands displayed such a contraction, it resulted in a significant explosion Secondly, the RSI is trying to validate a bullish reversal but if it turns out to be yet another lower high, a breakout below the ascending support could be imminent. However, the level at $1.96 appears to offer strong support, as it has been doing since the start of the month. Ripple has been growing strong fundamentally by attracting mass adoption and attention. The recent rise in the trading volume that surpassed $55 billion indicates the bulls are vigilant over the token. Moreover, multiple events are expected to unfold in 2025, like a potential XRP ETF, a closure to the Ripple vs. SEC lawsuit, the wide acceptance of RLUSD and many more that may offer a strong boost to the XRP price rally in the upcoming weeks.

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