As we approach the end of the year, the chances of top tokens breaking through key resistance levels are uncertain. Bitcoin struggles to surpass $98,000, while Ethereum faces the possibility of trading below $3,500. On the other hand, XRP continues to hold above $2, showing impressive strength that could lead to significant price movements in 2025. The current analysis suggests that XRP is poised for a double-digit increase next year, with bulls potentially driving a 10x rally.
Although XRP’s current performance appears sluggish, with dwindling volume indicating a decrease in buyer interest, the token is on track to achieve a historic yearly close above $2, reaching levels not seen since the 2018 and 2021 bull runs. This suggests that there is room for further growth in 2025.
Following a pullback from the recent high near $3, XRP appears to be nearing the end of a consolidation phase. The Bollinger Bands are showing signs of contraction after a period of expansion, typically preceding a significant price movement. Additionally, the RSI is indicating a potential bullish reversal, with $1.96 acting as a strong support level.
Ripple’s fundamentals are strengthening, with growing adoption and increased trading volume exceeding $55 billion. Anticipated events in 2025, such as a potential XRP ETF, resolution of the Ripple vs. SEC lawsuit, and broader adoption of RLUSD, could further fuel XRP’s price rally in the coming months.
