XRP Forecast Based on Technical and Fundamental Analysis
These forecasts are based on available technical and fundamental analysis and aim to provide a comprehensive view of the future of XRP.
Short-term technical analysis
1. Support and Resistance Levels: Support at $2,373, Resistance at $2,929.
2. Technical indicators:
- 50-day moving average (MA): $2.55.
- 200-day moving average (MA): $1.95.
- Relative Strength Index (RSI): around 55.
- MACD: Indicates continued buying interest.
Short-term forecast (until January 10, 2025)
1. Bullish scenario: Min $2.66, Max $3.00.
2. Bearish scenario: Pullback to support at $2.373 or $2.19.
Long-term forecast
1. 2025: Minimum $3.96, Maximum $4.78, Average $4.07.
2. 2030: Minimum $8.54, Maximum $10.34, Average $8.85.
Influencing factors
1. Legal Developments: SEC v. Ripple Case Decisions.
2. Fundamental Analysis: Ripple’s Partnerships with Banks and Financial Institutions.
3. Global economic factors: inflation, changes in fiscal policies, and macroeconomic factors.
Investment Tips
1. Conduct comprehensive research.
2. Risk assessment.
3. Diversification of investments.
4. Continuous follow-up.
Note: Crypto markets are known to be volatile, and expectations can change quickly.