XRP price continues to maintain its downward trend as investors appear to have paused their investments in the holiday mood. However, as the cryptocurrency remains above the short-lived $2 mark, experts remain optimistic about the coin’s long-term trend. A top expert recently predicted that Ripple’s native cryptocurrency will see a rally in 2025, which could push the cryptocurrency to a new high of $11.
XRP Price Expected to Rise to $11
After a strong rally over the past few months, XRP prices are likely to end the year on a low note. However, despite this, experts remain optimistic about the cryptocurrency, indicating their growing confidence in the asset amid a series of positive market developments.
For context, top expert Ali Martinez recently said that cryptocurrencies are gearing up for a massive rally ahead. In a recent X post, Martinez said that XRP has seen “one of the most promising setups” as we head into the new year. Moreover, he predicted that this setup suggests that Ripple’s native cryptocurrency could rally to $11 in the coming months.
This is in line with predictions from other experts, which also suggest that the price of cryptocurrencies could rebound in the future. For context, popular cryptocurrency market expert EGRAG CRYPTO recently said that if Ripple can hold the short-lived $2 support level, it could target $4.
On the other hand, other positive market developments also suggest that the asset could rise. As a background, many market participants expect that the XRP lawsuit will be dismissed under the leadership of incoming SEC Chairman Paul Atkins. If true, this could significantly boost investor sentiment, which in turn could also push prices higher.
Market sentiment towards Ripple remains strong
XRP prices fell by about 1.2% today, trading at $2.03, while its daily trading volume rose by 47% to $6.11 billion. Notably, the cryptocurrency has remained around $2 over the past 24 hours, while hitting a high of $2.14. In addition, despite the recent price drop, future open interest in Ripple tokens has risen by 2%, according to CoinGlass data.
Meanwhile, a host of market experts are also confident about the future trend of the coin. In another X post, Ali Martinez said that the “Bollinger Bands are squeezing the XRP daily chart,” which suggests that there will be “massive price fluctuations” in the future.
On the other hand, another top expert, Dark Defender, recently stated that as long as Ripple’s native cryptocurrency remains above $1.95, “a breakout is imminent.” Moreover, he set an initial target of $5.85 for the cryptocurrency. Furthermore, he also stated that the cryptocurrency could face a correction of about 10 days on the daily chart.
However, he also noted that XRP price has seen a “bull flag”. This suggests that once the cryptocurrency’s correction phase is over, it could rally to $8.65. Still, investors should remain cautious as recent Ripple price analysis suggests that the cryptocurrency could drop to $1 before a strong rebound.
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