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Will XRP Reach $15? Key Price Targets and Projections

Irene Mukiri by Irene Mukiri
January 2, 2025
in Market News, Price Analysis
Reading Time: 3 mins read
Will XRP Reach $15 Key Price Targets and Projections
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  • XRP faces critical resistance at $2.60, $2.65, and $2.75 for further gains.
  • A break below $2.00 could signal a bearish trend and trigger a price decline.
  • XRP’s potential for a 665% increase could push its price to around $15.00.

XRP has been making waves in the crypto market recently, with its price climbing steadily. As of press time, XRP trading at $2.39, witnessed a 12.35% increase in the last 24 hours, with the trading volume surpassing $10 billion. 

As the asset continues to rise, analysts are closely watching key resistance levels and projecting potential price movements.However, analyst Egrag Crypto highlighted that XRP’s price could face significant challenges soon.  

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Key Resistance Levels to Watch

Currently, XRP faces resistance at several price points and according to the analyst, the levels are forming just $2 higher than previous ones. Earlier, resistance levels were crucial at $0.60, $0.65, and $0.75, but now the critical resistance ranges are $2.60, $2.65, and $2.75. 

These levels are vital, as breaking through them could trigger a rally toward even higher targets. If XRP manages to breach these resistance points, the price could skyrocket, leading to further gains.

#XRP – Noise Until we break any of my targets: https://t.co/uaKF1CusVw pic.twitter.com/fyD1ydVxig

— EGRAG CRYPTO (@egragcrypto) January 1, 2025

The $2.00 Level: A Crucial Turning Point

A significant support level for XRP is $2.00. Should XRP break below this threshold, the price could decline toward lower targets. Hence, traders and investors should monitor this level closely. 

A confirmed break below $2.00 could signal a bearish trend, potentially leading to a correction in the short term. However, if XRP holds above this level, it will continue to have room to push toward higher resistance levels.

Long-Term Projections: A Look at Historical Patterns

Looking at the long-term picture, XRP’s current performance has drawn comparisons to its past market cycles. Analyst Bobby A recently pointed out that XRP appears to be growing at a slower rate compared to its 2017 market cycle. 

In 2017, after a breakout from its range-high, XRP surged by 629%. However, in 2024, it saw a 331% increase. If XRP follows its 2017 rally pattern, it could experience a substantial price surge in the future.

XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle.

From its range-high breakout in 2017, as illustrated by the horizontal black dashed line above, XRP initially appreciated by 629%. From its range-high breakout in 2024, XRP has… pic.twitter.com/Cz7guxjFus

— Bobby A (@Bobby_1111888) January 1, 2025

Based on historical trends, if XRP sees a 665% increase from its current price, the asset would reach around $15.00, placing it near its 4.236 extension. Although a bold prediction, it is worth considering based on XRP’s track record.

Tags: Price AnalysisRipple (XRP) News

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