As we reported at Kriptokoin.com , after Ripple CEO Brad Garlinghouse’s meeting with US President-elect Donald Trump, XRP rose from $ 0.50 to almost $ 3. This significant price increase attracted the attention of investors. In addition, analysts predict thatXRP could reach $ 30 in the current bull market trend. Optimism about the future of XRP is increasing.
Technical Analysis: XRP Targets $30
According to crypto analyst Steph is Crypto, XRP’s current rally signals the start of a larger trend, with the analyst predicting that XRP could reach as high as $30 thanks to a strong technical structure and positive market momentum .
Steph notes that XRP’s latest weekly candles have shown continued growth. The analyst emphasizes that the $2.60 level in particular offers an attractive entry point for long-term investors. He states that this level is critical for investors looking to benefit from the 2025 bull run .
Price Targets and Critical Levels
Analysts have set an initial price target for XRP at $5 based on Fibonacci tools. Beyond that, estimates point to double-digit gains, with potential price ranges ranging from $14 to $30.
However, analysts also warn about possible pullbacks. The $1.90 level stands out as a critical support point. This level will help XRP maintain its stability during market corrections. It will also create a strong foundation for subsequent rallies . In addition, the decline in Bitcoin’s market dominance has paved the way for the start of the altcoin season. XRPwill gain strength against Bitcoin in this process and accelerate its price increase.
Market Dynamics and Risks
XRP has attracted attention by increasing by 350% in the last 30 days. However, market data shows that XRP has been withdrawing from exchanges less. This indicates that investors are taking profits and the upward trend in the market may be weakening. If this trend continues, the price of XRP will experience further declines.
According to Santiment data, the weighted market sentiment of XRP has experienced a significant decline, falling from 6.75 to 0.035. This indicates that confidence among market participants is decreasing and demand may decrease. If the outflow of XRPfrom exchanges increases again, the price will return to $2.90. However, in the opposite scenario, there is a possibility that the XRP price will fall below $1.90. XRP is likely to experience a volatile period in the short term. Investors should take strategic steps by closely monitoring market trends.
Follow us on Twitter, Facebook and Instagram, and join our Telegram and YouTube channel to stay up to date with breaking news !
