$XRP Technical Forecast Until Early 2025
Expected performance based on technical analysis:
Weekly time frame:
$XRP has broken a symmetrical triangle pattern, indicating a long-term positive reversal.
If the current momentum continues, the next targets are $3.00-$3.50 by the end of the year.
Daily time frame:
The price is currently positioned above the 50-day moving average at around $2.50, confirming the underlying support for this uptrend.
Analysts expect #Xrp🔥🔥 to continue its upward movement as technical indicators (such as RSI and MACD) remain positive.
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Influencing factors:
1. Pros:
Fundamental News: Ripple’s announcement of developing products such as the stablecoin RLUSD and increasing institutional adoption support the positive performance.
Trading Volumes: Increasing trading volume indicates increased interest from large investors.
2. Warnings:
Possible Corrections: If the price loses the support at $2.50, it may see a correction towards $2.20.
Market Volatility: Geopolitical or economic factors may affect you unexpectedly.
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Expected scenarios:
1. Upside scenario:
A break of the psychological resistance at $3.00 with strong momentum will lead to targets in the range of $3.50-$4.00 by early 2025.
2. Bearish scenario:
If the price breaks the support at $2.50, it may retest the $2.20 and $2.00 levels.
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advice:
Enter into gradual trades when the consolidation is above $2.50, with stop loss points set to avoid risks.
Keep an eye on news related to Ripple, as any legal developments or new releases may directly impact the price.