XRP Bulls Defy Crash, Take Aim At Key Resistance En Route To $3.85
Date
1/29/2025 12:10:49 AM
(MENAFN- crypto Breaking)
After experiencing a significant drop to $3.7, XRP bulls are staging a strong comeback, aiming to surpass resistance levels and set a new price target. A crypto analyst predicts that if the asset breaks this resistance, it could soar to $3.85 and potentially reach $6.5.
XRP Bulls Strive for $3.85 ATH Price
During the 2018 bull run, XRP reached its current All-Time High (ATH) of $3.84. Now, a TradingView analyst named 'Mindbloome-Trading' forecasts that XRP could exceed its ATH and hit $3.85 by 2025.
The analyst's optimistic XRP price prediction is based on crucial resistance and support levels, with the belief that the cryptocurrency can surpass these barriers. He provides a detailed video chart analysis covering XRP 's price action on different timeframes.
The analyst states that XRP is currently in a bullish phase, showing strong upward momentum. The cryptocurrency has broken the $2.6 level, turning it into a key support area driving market momentum. Establishing a new resistance at $2.7, the expert suggests that surpassing this mark could lead XRP to $3.15 and beyond.
While confident in hitting the projected price target, the analyst also sees the potential for XRP to surge further, eyeing the $6.55 level. He emphasizes the importance of bullish catalysts and market capitalization growth to support XRP 's rally towards the forecasted $3.85 ATH.
Possible Downturn in the Market
As XRP bulls aim for a rally towards $3.85, there is a possibility of a market downturn if key resistance levels are not breached. The TradingView analyst outlines a bearish scenario where failure to overcome resistance at $3.13 and $3.15 could lead to a sharp correction, potentially dipping to $3.00 or lower.
Currently trading at $3.1, XRP has seen an 11.22% increase in the past 24 hours. The cryptocurrency faces strong resistance levels that may impact its upward trajectory.
Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk.
Don't invest unless you're prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.
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