Technical indicators have fueled market optimism for XRP despite the recent dip, according to a top expert who predicts a rally to $11 in 2025.
Investors have paused amid the holiday sentiment, as the XRP price has remained red. Nevertheless, the experts maintained optimism regarding the coin’s long-term trajectory as it maintains its position above the temporary $2 threshold. A prominent expert has recently forecasted that Ripple’s native crypto may experience a rally in 2025, potentially propelling it to a new high of $11.
The price of XRP is expected to increase to $11
Following a robust rally over the past few months, the XRP price will likely conclude the current year on a low note. However, the experts have maintained a bullish outlook for crypto, demonstrating their increasing confidence in the asset in the face of a flurry of positive market developments.
To provide context, a renowned expert, Ali Martinez, recently stated that the cryptocurrency is preparing for a significant rally. In a recent X post, Martinez stated that “one of the most promising setups” for XRP has emerged as we approach the New Year. In addition, he anticipated that this configuration could lead to a potential increase in Ripple’s native cryptocurrency to $11 within the next few months.
This is consistent with the predictions of other experts, who also suggest that the cryptocurrency’s price may soon rebound. To provide context, the renowned crypto market expert EGRAG CRYPTO recently stated that Ripple’s coin could reach $4 if it maintains its current level of support above the temporary $2 level.
Conversely, the asset may experience a rally in response to other favorable market developments. For context, the dismissal of the XRP Lawsuit is anticipated by a flurry of market participants under the incoming US SEC Chair, Paul Atkins. This could substantially impact investors’ sentiment, which could increase the price if this is accurate.
The market sentiment for Ripple’s coin remains robust
The price of XRP fell by approximately 1.2% today and was traded at $2.03, while its one-day trading volume increased by 47% to $6.11 billion. Notably, the cryptocurrency has maintained a value of $2 over the past 24 hours while reaching a high of $2.14 during the same period. In addition, CoinGlass data indicates that Future Open Interest for Ripple’s coin increased by 2% despite the recent price decline.
Concurrently, many market analysts were optimistic about the coin’s future trajectory. Ali Martinez stated in a separate X post that the Bollinger Bands are “squeezing on the XRP daily chart,” implying a “significant price movement” imminent.
Conversely, Dark Defender, an additional, prominent expert, recently declared that “a breakout is imminent” as long as Ripple’s native crypto remains above $1.95. Additionally, he has established an initial target of $5.85 for the cryptocurrency. Furthermore, he stated that the cryptocurrency may experience a correction in the daily charts for approximately ten days.
Nevertheless, he also observed that the XRP price had a “bull flag” appear. This suggests that the cryptocurrency may experience a subsequent increase to $8.65 after the correction phase concludes. Nevertheless, investors should exercise caution, as a recent Ripple price analysis suggests that a potential crash to $1 is imminent, followed by a robust recovery.
