ready to hit a double-digit number before...
The post XRP Price Shows Most Bullish Settings for 2025: Poised to Hit Double-Digit Number Before the End appeared first on Coinpedia Fintech News
As the year draws to a close, the possibility of major tokens closing trading above crucial resistance remains vague. Bitcoin is unable to reclaim $98,000, while Ethereum could close trading below $3,500. Meanwhile, XRP price continues to trade above $2, displaying magnificent strength that could result in the token manifesting massive moves in the coming days of 2025. The current trading setup for XRP suggests that the token is all set to mark a double-digit number in 2025 as the bulls seem ready for a 10x rally.
XRP price is showing very sluggish behavior at the moment, with volume depleting and reaching the lowest possible levels. This could suggest a massive drop in the number of buyers, as progress seems to be very low. However, the token is on the verge of making a historic yearly close above $2 after marking a seven-year high near $3. Therefore, sealing the levels above $2 that it usually fails to reach after the 2018 and 2021 bull run suggests that there is more room for the token to thrive in 2025.
XRP price has been trading decrementally since the rejection from the 7-year high near $3 and appears to have reached the edge of consolidation. Meanwhile, the Bollinger bands have suddenly contracted after a massive expansion followed by a parallel consolidation. Previously, whenever the bands exhibited such a contraction, it resulted in a significant breakout. Secondly, the RSI is trying to validate a bullish reversal, but if it turns out to be yet another lower high, a break below the ascending support could be imminent. However, the $1.96 level appears to offer strong support, as it has done since the beginning of the month.
Ripple has been growing strong fundamentally, attracting mass adoption and attention. The recent surge in trading volume that surpassed $55 billion indicates that bulls are keeping a close eye on the token. Furthermore, several events are expected to happen in 2025, such as a potential XRP ETF, a settlement of the Ripple vs. SEC lawsuit, the widespread acceptance of RLUSD, and many others that could provide a strong boost to the XRP price rally in the coming weeks.
