As the market in 2025, XRP, the cryptocurrency that Yes a gardener world an investor interest in recently months, yes has begun the year separately well
The asset is up a whopping 11%, moving its value to around $2.42, a level it hasn't seen since late 2024. price correction.
Analysts predict XRP could reach $5.85 as market confidence grows
This recovery has positioned XRP as the third largest cryptocurrency in the market, with a market capitalization of around $139 billion, according to CoinGecko data. Notably, it has surpassed the market cap of Tether (USDT), which stands at $137 billion.
The recent rally in the price of XRP can be attributed in part to a broader shift in market sentiment following the election of President Donald Trump on November 5.
Trump's victory has inspired new confidence in the digital asset industry, leading to more optimism among investors. This movement of feeling it seems to have triggered a wave of buying activity within the crypto market, benefiting not only XRP but also other digital assets.
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Crypto analysts have noticed this trend. DarkDefender, a prominent figure in the crypto analytics community, seen that XRP's price trajectory has been impressive.
After hovering around $2.11, XRP broke through its first resistance at $2.22 and reached as high as $2.44. DarkDefender identified $2.42 as a critical resistance level which has now been updated as a new support level.
According to his analysis, if XRP can break the $2.67 to $2.72 range, it could pave the way for a big move up, aiming as high as $5.85.
This potential increase would represent a staggering 141% increase from its current price, marking a new high all the time for the token.
Elliott Wave Theory points to a possible $10 target
Adding to the hope, another analyst, called CryptoinsightUK, has emphasized the possible path of XRP. recommending that if XRP follows a measured move similar to its previous price action, it could “easily exceed $10.”
Drawing from Elliott Wave Theory, which holds that market trends move in waves, he argues that if XRP enters a “wave 3” scenario – often the largest in terms of price movement – that the asset could exceed $10.
CryptoinsightUK notes that many investors are targeting the $8 mark, a figure it considers reasonable based on several metric.
By analyzing price movements and possible gains, the analyst suggests that the future of the altcoin looks bright, with many indicators pointing to significant growth.
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As 2025 unfolds, XRP's impressive debut and broader market dynamics suggest we may be on the verge of a major shift in the digital currency landscape.
The confidence that comes from political changes and market sentiment could set the stage for a new growth period for XRP and the cryptocurrency market as a whole.
There is a significant change in the XRP market at $2.42 to 2% over the last 24 hours. In terms of transaction volume, CoinGecko data shows a decrease of almost 42%, a total of $5.6 billion.
Featured image from DALL-E, chart from TradingView.com
