XRP is showing strong recovery signs after a mid-December dip, now trading at $3.23.
The cryptocurrency has climbed 43% over the past month, reaching its highest levels since 2018.
Technical Analysis and Predictions
Market analyst Ali Martinez highlighted XRP’s breakout from a month-long consolidation phase between $1.90 and $2.60.
This breakout from a symmetrical triangle pattern on the weekly chart indicates a bullish trend.
Martinez predicts XRP could reach $15, a 365% increase from its current price. XForceGlobal supports this optimism, suggesting price targets ranging from $7 to $12, with ambitious projections hitting $20 to $40.
Two Potential Scenarios for XRP
Slower Route:
- A five-wave minor degree pullback could create a favorable setup for long-term growth.
- Controlled corrections may pave the way for a more sustainable rally.
Faster Route:
- XRP’s current ascent might be part of a larger primary wave 5.
- This could push prices to $7–$12 but may signal the end of the current bull market.
Potential Market Correction by March
Despite the bullish outlook, experts like Egrag Crypto caution investors about a possible market correction in March 2025.
However, the Relative Strength Index (RSI) remains bullish, suggesting room for short-term growth. Egrag predicts XRP could hit $4–$5 before any downturn.
XRP is at a pivotal moment, with analysts optimistic about its potential for significant growth.
While predictions point to prices as high as $15, investors are advised to navigate potential volatility carefully. Currently, XRP trades at $3.23, down 1.3% in the last 24 hours.
