The post XRP News Today: Analysts Back Ripple Price Prediction of $15 by 2025 Amid Trump’s SEC Overhaul and RLUSD Stablecoin Launch appeared on BitcoinEthereumNews.com.

With XRP’s price recently hovering around $2.29, the question is whether it can keep pushing and possibly even achieve the $15 target by 2025. Today, we’ll take a closer look at XRP’s technical analysis, key developments and price movements to see how realistic this target is.  We’ll also talk about PlutoChain ($PLUTO), a new Layer-2 solution that could bring smart contracts and dApps to Bitcoin’s network and potentially transform its role in DeFi. PlutoChain is drawing attention with its presale, exceeding 2 million tokens in sales. Here’s a breakdown of what’s happening. Can XRP Reach $15 by 2025 Using the Hype From the RLUSD Stablecoin Launch? XRP is trading at approximately $2.15, a slight decrease over the past 24 hours.  Key support levels are positioned at $2.00, with resistance levels at $2.20, $2.50, and $2.85. The RSI hovers around 39, which means that XRP is in the lower range of momentum and getting closer to oversold territory.  Forming a bullish parallel channel on monthly timeframes points to potential upward movement, with critical resistance at $2.85. One development that has influenced XRP’s market dynamics is the launch of Ripple’s stablecoin, RLUSD. Ripple has also focused on integrating smart contract functionality into the XRP Ledger (XRPL). This enables dApps to operate on the XRPL and broadens its use cases beyond cross-border payments. Then there’s the key partnerships aspect. Ripple signed agreements with the central banks of Brazil and India to pilot XRP as a bridge currency for Central Bank Digital Currency (CBDC) interoperability.  It has also extended its collaboration with Archax, a UK-based digital asset exchange, to bring hundreds of millions of dollars worth of tokenized real-world assets (RWAs) onto the XRPL.  Crypto analyst Armando Pantoja predicts a range of $8-$20 for this cycle and cites XRP’s transformative potential. Ali Martinez, known…

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Filed under: News - @ December 31, 2024 3:24 am