Ripple has recently become a trend, attracting the interest of new institutions as it continues to reach new heights. Ripple is on track to achieve new price milestones next year as it prepares for a shift towards cryptocurrency support and awaits new leadership changes at the U.S. Securities and Exchange Commission (SEC), both of which could prove beneficial for this token in the long run. Here’s how XRP could perform in 2025, with four initial price targets this token could achieve by next year.
Ripple Is On Track To Achieve These New Price Levels, According To Analyst
A notable price analyst on X, Dark Defender, has made a new price prediction for XRP. According to the analyst, a price breakout for Ripple is imminent next year, which could help the token reach four price points, notably $2.22, $2.72, $2.90, and $5.85.
As XRP explores a descending triangle pattern on its chart, the analyst notes that this development could help the token surge and achieve the aforementioned price levels.
However, there is a serious condition that the analyst clarified in his post on X. Dark Defender then shared how XRP could achieve this price level, provided that this token can maintain a price of $1.95 and not drop below that level.
"Hello everyone. XRP has formed a descending triangle pattern on the daily timeframe. As long as $1.95 is protected, a breakout is imminent in this pattern. Initial targets: $2.22, $2.72, $2.90, $5.85. Support: $1.95, $1.88, $1.63."
With Trump considering launching a strategic Bitcoin reserve fund until Paul Atkins becomes the new chairman of the SEC, such cryptocurrency-friendly developments could usher in a new era for the cryptocurrency sector, ultimately benefiting alternative currencies like XRP in the near future.
Token's End of January Forecast
According to CoinCodex, the price of XRP could surge and reach a new price of $1.97 by January 30, 2025.
"According to our current XRP price prediction, the price of XRP is expected to decrease by -2.75% and reach $1.97024 by January 30, 2025. According to our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 65 (Greed). XRP recorded 15/30 (50%) green days with a price volatility of 6.59% in the past 30 days. Based on XRP's forecast, now is a good time to buy XRP."
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