XRP might hit its highest yearly close ever. The price could end the year above $2 for the first time. This shows both high market swings in crypto and strong growth for Ripple’s coin. The network can now handle more trades than before, making any XRP price prediction more optimistic.
$XRP yearly candle overview
When you zoom out, you can see $2 is really the only level that matters
2017 candle closed at $1.99
2021 candle wicked to $1.99
Two more days to close above $2 to break the “cycle cap” pattern pic.twitter.com/mSu7on4s2d
— Dom (@traderview2) December 29, 2024
Also Read: Ripple: AI Predicts XRPs Price For January 1st 2025
XRP’s Historic Growth, Market Volatility, and Investment Opportunities in 2025
Source: TradingView
Breaking the $2 Barrier
XRP now trades at $2.06. Market analyst Dom kept it simple: “When you zoom out, you can see $2 is really the only level that matters.” Ripple’s coin once hit $2.47 in 2017, but it closed that year at $1.99. Now, after seven years, it might finally stay above $2. This makes predicting Ripple coin’s future price trends very exciting.
December’s Price Action
This will be #XRP‘s highest yearly close in its entire history.
We’re all gonna be super rich! pic.twitter.com/cHPPPVDb06
— STEPH IS CRYPTO (@Steph_iscrypto) December 29, 2024
Ripple’s coin also reached $2.9 on December 3rd, but then it fell about 19%. Crypto trader Steph said it plainly: “This will be XRP’s highest yearly close in its entire history.”
Source: TradingView
Even with the drop, XRP kept a 5.47% gain this month. More people can now trade without slowing down the network, which has positive implications for any XRP price prediction.
Also Read: Shiba Inu: Can You Turn $1000 Of SHIB Into $1 Million By 2030?
Technical Indicators and Market Analysis
Source: TradingView
Charts show a bull flag pattern. This means XRP might go up soon. Dom thinks so, too: “XRP might actually be on track to secure a historic close on the yearly timeframe.” More buyers are stepping in, even as some sell. This informs various prediction models for Ripple’s coin.
Future Outlook and Market Sentiment
XRP keeps growing stronger. Steph believes big gains are coming: “We’re all gonna be super rich.” The network runs better now, and breaking $2 could start a big price jump in 2025. This outlook contributes to the positive XRP price prediction sentiment.
Also Read: How High Will Bitcoin Rise In January 2025?
Year-End Technical Assessment
Source: CoinCodex
Buyers protect the price above $2, while monthly charts show a pattern that often means higher prices ahead. More people buy than sell right now. This could push the digital asset higher in early 2025. Many traders are optimistic about Ripple’s coin price prediction.
