💰 Tokenized Treasuries Could Catapult XRP to $10 by 2025
As of Thursday, XRP's price is $2.16. The token's technical prognosis shows that people in the cryptocurrency market aren't feeling very good about it. This is probably because people are worried about tensions in the Middle East and the Federal Reserve's (Fed) hawkish view on the economy's future.
The central bank did not adjust interest rates on Wednesday, keeping them between 4.25% and 4.50%, which was what the market expected. But Fed Chair Jerome Powell said that tariffs were a big reason for short-term inflation predictions.
In terms of technical analysis, the focus might turn to the microenvironment, because the XRP price is trading mostly sideways between support at $2.09, which is given by the 200-day Exponential Moving Average (EMA), and resistance at $2.24, which is set by the 50-day EMA and the 100-day EMA.
The Relative Strength Index (RSI), which is pointing down and is presently below the 50 midline, supports negative momentum. If the market keeps going in the direction of oversold territory, the negative bias will stay and the chances of XRP falling below the 200-day EMA at $2.09 will rise.
Using firm treasury money, tokenized Treasuries, and equities might help XRP get ready for a big surge in the next several months.
If the price stays above the falling trend line, as indicated on the daily chart, it might make traders and regular investors more willing to take risks. This could set XRP up for a lengthy bull run toward $10.00 by the end of 2025.
A comeback above the psychological round number of $3.00 and the record high of $3.40 are two important milestones. Beyond this point, exhilaration, greed, and the widespread use of XRP would determine the price.
