XRP is one of the top trending cryptocurrency coins lately making waves in the cryptocurrency market. The Ripple ecosystem has also been brewing new activities to keep the space upbeat and buzzing with new developments. The firm has recently unveiled its stablecoin RLUSD and is consistently revamping the space to usher in new price valuations for XRP. Here’s how high XRP may go this bull cycle, provided the market sentiment remains bullish for the crypto.
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Ripple Continues To Make Waves In The Market
Source: Yahoo Finance
XRP is currently sitting at $2.31, waiting for another price push to claim its new high. The token is currently undergoing a massive overhaul as the Ripple ecosystem continues to introduce and revamp new things. Ripple’s CEO Brad Garlinghouse recently made headlines when he met with President-elect Donald Trump, sparking new speculations about Ripple building something huge for the future.
At the same time, leading crypto analyst Ali Martinez has come up with a new price prediction, claiming how XRP is meant to scale greater price highs. Ali, in one of his latest crypto tweets, shared how XRP is currently consolidating within a massive bull pennant phase. It is crucial for XRP to spike and break the $2.73 price resistance levels before it can catapult and embrace the bullish momentum. If the token is able to surpass the critical price level of $2.73, the token can scale behind the $11 level, ushering in a new bullish wave.
However, Ali also noted that the token can drop as low as $2.03 if XRP is unable to break past its critical resistance levels.
“$XRP is still consolidating within the pennant of a massive bull pennant pattern. Until the $2.73 resistance is broken, a pullback to $2.05 remains possible before a potential breakout to $11!”
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The Token’s Future Price Path
Source: CoinCodex
As per CoinCodex, XRP may hover around the $2.30 price mark by the first week of February. But the token may note a surge post-Trump and Musk Inauguration sessions if market sentiment turns around and supports the altcoin surge.
“According to our current XRP price prediction, the price of XRP is predicted to drop by -2.09% and reach $ 2.30 by February 7, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 70 (Greed). XRP recorded 15/30 (50%) green days with 5.36% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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