Ripple’s XRP is on the news again, and it’s not just because of its prolonged court battle with the U.S. SEC, as Coinfomania reported today. The token’s present price action is forming what traders call a bullish pennant—a fancy term for a pattern that could mean big things in view. One crypto analyst has taken this setup and run with it, making the bold claim that XRP could hit $11 soon. Ambitious? Definitely. Worth watching? You bet.
Source: Coinmarketcap A Bold Call Backed by Patterns
On X (Twitter), a well-known analyst broke down XRP’s current consolidation phase. The token is bouncing around in a tight range, struggling to break through the $2.73 resistance level. According to the analyst, XRP might take a quick detour down to $2.05 before charging up for the big breakout. If it closes above $2.73 on the daily chart, they believe the path to $11 is wide open.
$XRP is still consolidating within the pennant of a massive bull pennant pattern. Until the $2.73 resistance is broken, a pullback to $2.05 remains possible before a potential breakout to $11! pic.twitter.com/ET39FJMtAc
— Ali (@ali_charts) January 4, 2025
Right now, though, XRP is hanging out at about $2.42, slipping 1.50% in the past 24 hours. Trading volume has also dropped by 25%, which, let’s face it, doesn’t exactly scream “all systems go.” But hey, market momentum is a fickle beast—things can change fast.
Another Perspective
Not everyone is riding the $11 hype train just yet. Analysts at CoinPedia noted that XRP has already broken out of a bullish flag and pole pattern but is now retesting a critical support level at $2.40. If it holds the line and manages to close above this level, they see further upward momentum. They’re even throwing out a potential 40% rally, which would bring XRP to $4.50—not quite $11, but not too bad either.
Sentiment Check: The Market Mood
Despite the pullbacks, the mood around XRP remains pretty upbeat. The Fear & Greed Index—a kind of market mood ring—sits at 76, signaling “extreme greed.” Investors seem hungry for more, even as XRP’s 14-day RSI (Relative Strength Index) rests at 58.51, suggesting there’s still room for growth without tipping into overbought territory.
That said, not all the tea leaves point to immediate gains. Some predictions hint at a dip to $2.34 by early February 2025—a modest 2.08% slide from where things are now. Still, with XRP logging 16 green days out of the past 30 and keeping its volatility at a manageable 5.71%, there’s a lot for investors to chew on.
Incoming for XRP is a likely 90% ROI
Near-term projections for XRP are a bit all over the map. It could climb to $2.47 in the next few days—hardly a big win, but still progress—or dip to $2.26. Incoming, 2025 estimates suggest a trading range between $2.26 and $4.60, with an average price of around $3.14. For those playing the long game, that could mean returns of over 90%.
XRP is at a crossroads, testing key levels while traders and analysts debate its next big move. Breaking $2.73 would be a disruptor, but even without that, the token’s bullish setup makes it worth keeping on your radar.
FAQs
1. What is the current price of XRP?
XRP is trading around $2.42, though it recently dipped 1.50%.
2. What price could XRP reach soon?
Some analysts foresee a potential rally to $11 if it breaks the $2.73 resistance.
3. What is the short-term outlook for XRP?
It could rise to $2.47 or flatten to $2.26 in the coming days.
The post Ripples (XRP) Price Prediction, 2025: Will XRP Defy the Odds and Hit $11? Here’s What Analysts Think appeared first on Coinfomania.
