Over the past couple of months, traders shifted their attention to other assets as $XRP 's volume and volatility dropped significantly. However, the narrative is changing. After consolidating for nearly two months, XRP has broken free from its accumulation phase, signaling a potential bullish rally. This shift has sparked discussions about whether XRP could climb to the $1 mark before the close of 2024.

While $XRP hasn't surged like some other tokens, it has remained in a bullish pattern, consistently testing the upper boundary of a long-term descending trendline. This resistance has held strong since XRP's decline from its 2021 highs. Interestingly, this price action mirrors previous market behavior for XRP, and if history repeats, the coin could set a new all-time high (ATH) in 2025.

The monthly chart hints at a powerful upward move. $XRP appears poised to end the month on a bullish note, breaking out of its multi-year descending pattern. The monthly RSI has surpassed 51 for the first time this year, signaling the potential start of a sustained uptrend. Additionally, the parallel movement of the Bollinger bands over the past year suggests that a sharp upward move is imminent if XRP can close above the current resistance. A breakout could propel XRP to new heights, potentially pushing it beyond $3.5 by 2025.

The long-dormant XRP is showing signs of resurgence, signaling the end of its quiet phase. For a while, XRP saw little movement, with its price stagnating despite the broader market's ups and downs. This decline in activity led many traders to focus on other cryptocurrencies. However, recent developments suggest that XRP may be on the verge of a significant breakout after two months of consolidation. This has sparked optimism that XRP could reach $1 by the close of 2024.

Though XRP hasn't experienced dramatic surges like some other digital assets, it has maintained a bullish trajectory. It is currently testing the upper boundary of a descending trendline, which has been a strong resistance level since the 2021 price peaks. Historically, XRP has followed a similar pattern, and if this trend continues, the coin could be set to achieve a new all-time high in 2025.

Looking at the long-term charts, XRP seems to be preparing for a major upward move as it nears the end of the month in bullish territory. The breakout from the long-standing descending pattern could lead to a significant rally. The monthly RSI has also surpassed 51, a strong indication of a potential uptrend. Moreover, the Bollinger bands, which have remained stable for nearly a year, suggest that if XRP can close above the current resistance, we could see a powerful upward trend, possibly pushing the price past $3.5 by 2025.

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