XRP price pattern signal a fall below $2 but this altcoin could yield 5x gains in 2025
The post XRP price pattern signal a fall below $2 but this altcoin could yield 5x gains in 2025 appeared on BitcoinEthereumNews.com.
Despite rising by over 250% in 2024, XRP price could test $1.96 as 2025 starts. Eyes are on the outcome of the US SEC appeal. Amid the XRP price uncertainties, iDEGEN has emerged as a possible alternative investment. XRP price analysis suggests a potential decline below the $2 mark as 2024 comes to a close, despite its impressive gains throughout the year. However, amidst this uncertainty, iDEGEN emerges as a promising alternative for investors eyeing significant returns. With its innovative AI-driven model and dynamic presale strategy, iDEGEN could be on track for substantial growth, potentially offering up to 5x gains by 2025. A possible 25% XRP price pullback Ripple (XRP) has been on a rollercoaster this year. Its price has surged over 250% since the start of 2024, reaching above the $2 threshold for the first time since 2018. Technical analysis and market sentiment hint at a possible correction with the current chart patterns showing signs of exhaustion after such a rapid ascent, with resistance levels at $2.25 and $2.30 proving tough to break through. Currently trading at $2.06, analysts have noted a possible 25% pullback in early 2025, which could see XRP dropping back towards $1.96 or lower if it fails to hold above $2. The Relative Strength Index (RSI) for XRP currently sits at around 46, leaning towards a bearish correction if the momentum doesn’t pick up. Also, there is significant whale activity, with large holders accumulating around 80 million XRP since mid-December, indicating some confidence in long-term holding. However, this doesn’t negate the immediate bearish outlook, especially with the market reacting to broader economic cues and regulatory news. Eyes are on the ongoing SEC appeal, which, depending on the outcome, could either bolster or hinder XRP’s price. The community is optimistic as Donald Trump’s administration assumes office…
Filed under: News - @ December 30, 2024 8:22 am