The post XRP News Today: Ripple Analysts Support XRP Price Prediction of $20 in 2025 as Ripple CTO Sparks Heated Price Discussion appeared on BitcoinEthereumNews.com.

Ripple’s CTO, David Schwartz, has raised fresh conversations about XRP’s future with a cryptic tweet. This has fueled predictions that the cryptocurrency could reach $20 in 2025. While some analysts highlight Ripple’s innovations and partnerships as key factors, others remain skeptical and cite the unpredictability of the crypto market. PlutoChain ($PLUTO) is poised to enhance Bitcoin’s functionality by enabling smart contracts and decentralized applications, potentially broadening its use cases. The PlutoChain presale has reached a significant milestone, with over 2 million tokens sold. Let’s check out the details and see why! XRP Price Prediction — Do Technical Indicators Point to a $20 Milestone in 2025? XRP, the native token of Ripple, has seen significant price movement recently. As of December 26, 2024, it is trading at around $2.17 with a market cap of approximately $124 billion. Ripple’s CTO, David Schwartz, created excitement with a tweet suggesting that XRP could increase by 10x. However, uncertainty remains because of Ripple’s ongoing legal battle with the U.S. SEC. The technical indicators show us a mixed outlook – while XRP is currently at a relatively higher price point, the Relative Strength Index (RSI) stands at 57.23, which indicates that the token is neither in overbought nor oversold territory, but still relatively neutral. The Stochastic RSI points towards a potential oversold condition that suggests a short-term rebound could be possible. However, the MACD is still showing a negative trend which confirms a prevailing downtrend that could indicate resistance at higher price levels in the near future. Moving averages indicate a more cautious sentiment: shorter-term moving averages (MA5 and MA10) show a slight upward trend, but longer-term averages (MA50, MA100, MA200) still maintain a neutral-to-bearish outlook. This suggests that while XRP could experience volatility in the short term, sustained upward movement will likely face resistance. Analyst…

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Filed under: News - @ December 30, 2024 10:27 am