Poised to Hit a Double-Digit Figure Before the End
As the end of the year approaches, the likelihood of the top coin ending its trade above key resistance levels remains murky. Bitcoin failed to recover back to $98,000, while Ethereum is likely to close below $3,500. at the same time, Ripple price Continuing to trade above $2 shows tremendous strength and could lead to significant volatility for the coin in the coming days of 2025. XRP’s current trading setup suggests that the coin is poised to hit double-digit numbers in 2025 as bulls prepare for a 10x rally.
XRP price is currently exhibiting very sluggish behavior, with trading volumes decreasing and reaching the lowest possible levels. This could indicate a significant drop in buyer numbers, as progress appears to be very low. However, the coin is on the verge of a historic break above $2 after hitting a seven-year high near $3. Therefore, locking it in above $2, a level that was typically out of reach after the bull runs of 2018 and 2021, suggests that the coin has more room to thrive in 2025.
XRP price has been falling since falling below its 7-year high near $3 and appears to have reached the edge of consolidation. At the same time, the Bollinger Bands suddenly contracted after a large expansion and then consolidated in parallel. Previously, whenever the band contracted like this, it resulted in a massive explosion. Second, the RSI is trying to validate a bullish reversal, but if it turns out to be another lower high, a breakout of rising support may be imminent. However, the $1.96 level appears to be providing strong support, as it has been doing since the beginning of the month.
Ripple became fundamentally strong by attracting mass adoption and attention. The recent increase in trading volume to over $55 billion suggests that bulls are wary of the coin. Additionally, several events are expected to occur in 2025, such as a potential XRP ETF, the conclusion of Ripple’s lawsuit with the SEC, widespread acceptance of RLUSD, and other events that could strongly drive XRP price growth in the coming weeks.
