Ripple (XRP) has formally connected with European banking systems using the TAS Network Gateway, improving the process of international payments and merging the financial and blockchain worlds. Ripple gains further strength within the European market, ensuring smooth digital payments for financial companies and further assisting in the global expansion.
On the flip side, RACO is preparing for big things to happen in their ecosystem, such as the upcoming utility drop of NFTs and the massive airdrop for IDO supporters and individuals holding the RACO. The latter is set to happen on the 15th of January and will drop the $RACO token.
Also Read: XRP 2025 Price Prediction: Traders Watch for a Shift in Momentum
XRP Price Retest of $1.9750 Could Lead to $2.75
However, the crypto analyst, CryptoWZRD, pointed out that it had an indecisive closing price, leaving the market uncertain about the next path it would take. A possible increase in the token price may happen when the dominance over Bitcoin is reduced, allowing the altcoins to move ahead. A clear market structure is required before initiating trades.
Source: CryptoWZRD
A strong support zone is seen at $1.9750. This spot may act as an entry point. Testing it successfully may bring about the targets of $2.27 and $2.75. These levels can prove to be strong psychological barriers for the price of the asset. One needs to wait for a clearer pattern to emerge before making a trade.
XRP Price Action Mirrors 2017: Will History Repeat Itself?
Moreover, another crypto analyst, Jonathan Carter, highlighted that historical data from the token indicates the breakout in 2017 that followed a pattern known as a measured move. After this breakout, the asset was expected to actually move as predicted, and now there are similar conditions in the marketplace as seen during the 2017 breakout, implying a target price above $15, a 690% increase.
Source: X
The price action of the token is characterized by a breakout in the year 2017, with a pattern referred to as the measured move. XRP went on to follow predictions with a likely rally, expecting an increase as would be experienced again today with a target above $15, reflecting a 690% jump.
Also Read: Only 1.5 Billion XRP Left on Exchanges As ETFs Trigger Potential 2026 Surge
