- XRP sees modest gain, currently trading at $2.35, up 0.25% in 24 hours.
- Breakout from falling wedge pattern suggests bullish momentum, with targets up to $3.87.
- Market forecasts for 2025 diverge widely, with predictions ranging from $2.10 to above $5.00.
XRP is trading at $2.35, up slightly 0.25% in the last 24 hours. The trading volume jumped to $3.77 billion, an increase of 31.95%, reflecting greater market action. XRP has fallen 7.69% in the past week, however, pointing towards an overall short-term correction in its setup.
Falling wedge signals XRP reversal
Crypto Analyst VipRoseTr identifies an established breakout through a falling wedge chart pattern, a traditionally bullishly oriented formation. The asset jumped strongly from the buy area between $1.85 and $1.90, registering at a local high in the area of $2.40. The movement is worth 26% from the reversal area and is in the direction of the break above the wedge resistance line. XRP is consolidating now in the area between $2.30 and $2.35, in a constructive manner.
The downtrend, marked by declining resistance and sloping descending support, indicated decreasing bearish pressure. As XRP broke above the top limit of the downtrend, technical verification for the reversal in the trend was formed. As the existing consolidation remained above $2.30, experts anticipate the continuation pattern.
Price targets identified by VipRoseTr are $2.95, $3.39, and $3.87, including potential areas of resistance. Traders are waiting for the break above $2.50, which might trigger the next leg up. Critical in sustaining the upward trajectory will be support above the $2.20–$2.30 area.
The volume indicators in the breakout validated the move, although no specific volume figures were released. There is an indicator on the chart in June, suggesting an upcoming event or turning point, but we can’t glean too much from it.
XRP price prediction 2025 bullish outlook
While the trend of XRP now depicts the currency in a hopeful light, its longer-term estimates give different visions. XRP is bound for $3.84 and, perhaps, beyond the $5.16 threshold through the end of 2025. Such projections rely on sustained optimism from investors and crossing beyond the existing all-time high of $3.84.
On the other hand, the analysis on Changelly is more pessimistic, predicting up to $2.10 in 2025. Their model predicts an average price of $2.34, implying an investment return level of -11.4%. May 2025 projections project XRP prices between $2.04 and $2.34, averaging closer to the existing figures.
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