$XRP To provide a more accurate forecast for XRP, I will use available information and the latest analysis to provide an informed analytical view:
Short-term technical analysis (for the coming week):
Current levels:
Support: $2.373 (from previous week's lows).
Resistance: $2.929 (short-term resistance level).
Technical indicators:
Moving Average (MA):
50-day MA: $2.55. XRP remaining above this level indicates the continuation of the bullish momentum.
MA 200 Day: $1.95. Holding above this confirms a long-term uptrend.
Relative Strength Index (RSI): Around 55, which means XRP is neither overbought nor oversold, leaving room for movement in both directions.
MACD: If the MACD remains above the zero line, it indicates continued buying interest.
Short-term forecast (to January 10, 2025):
Bullish scenario:
Minimum: $2.66 (average forecast).
Max: $3.00 (If it breaks the resistance at $2.929, it can seek $3.10).
Bearish scenario:
If it fails to break the resistance, the price could return to the support at $2.373 or even to $2.19 if the pullback is strong.
Long-term forecast:
2025:
Minimum: $3.96.
Max: $4.78, with average price expected to be around $4.07.
2030:
Conservative forecasts range from a low of $8.54 to a high of $10.34, with an average price forecast of $8.85. This is dependent on the expansion of the Ripple network and the increased use of XRP in global payments.
Influencing factors:
Legal Developments: Any positive analysis of the SEC case against Ripple could significantly boost the value of XRP.
Fundamental Analysis: Ripple is increasing its partnerships with banks and other financial institutions, and developing new tools or services that require the use of XRP.
Global economic factors: influences such as inflation, changes in fiscal policies, and other macroeconomic factors.
These forecasts are based on the data and analysis available so far, however, crypto markets are known for being volatile#xrp$xrp
