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XRP Poised for Potential Breakout: Analysts Predict Major Price Surge

Irene Mukiri by Irene Mukiri
January 11, 2025
in Market News, Price Analysis
Reading Time: 4 mins read
XRP Poised for Potential Breakout Analysts Predict Major Price Surge
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  • XRP’s consolidation near $2.23-$2.40 suggests a potential breakout soon.
  • Analysts predict XRP could hit $11-$15 with strong bull flag formation.
  • XRP’s RSI near 54 indicates a neutral market, awaiting further direction.

XRP is currently consolidating between the $2.23 and $2.40 range, with an anticipated upside breakout. This price action suggests that XRP could be gearing up for a significant move. 

The cryptocurrency has been showing strong potential, and analysts are increasingly bullish about its future price trajectory. With strong support levels in place and an optimistic outlook from analysts like Dark Defender and CryptoBull, XRP’s price could soon reach new highs.

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Analysts’ Predictions for XRP

Dark Defender made bold predictions about XRP’s future, stating that it is on the verge of flipping Ether, with the third wave in the current bull cycle. 

After Sep 24, as expected, $XRP has appreciated three times more than Ether.

XRP will catch the Ether at point "#Equilibrium" and completely flip it with the 3rd Wave we are in.

Ether enthusiasts like Bitcoiners will also support XRP,

Soon.

Cheers. https://t.co/BqLdbA6XgH pic.twitter.com/7EBcfBDAst

— Dark Defender (@DefendDark) January 10, 2025

Further, the analyst stated that XRP will eventually reach its equilibrium point with Ether and surpass it, pointing out key price targets for XRP, at $2.40, $2.86, $4.55, and $5.85, with strong support at $2.23 and $2.13.

Additionally, CryptoBull, another analyst, predicts that XRP’s next measured move could see the price range between $11 and $15. CryptoBull’s analysis suggests that XRP is forming a bull flag, which typically signals a continuation of the upward trend. 

The pole of the flag, which measures the next target, points to a potential breakout from the current consolidation range. This could result in a significant price increase in the coming weeks.

#XRP next measured move will hit the $11-$15 price range. We are currently forming a bull flag. The pole of the flag measures the next target from the initial breakout to the end of the first impulsive move. pic.twitter.com/Z7AK81Kcjs

— CryptoBull (@CryptoBull2020) January 10, 2025

Current Market Conditions and Technical Indicators

As of press time, XRP is trading at $2.34, up by 1.84% in the last 24 hours. The 24-hour trading volume is over $5 billion, indicating strong market activity. 

XRP/USD daily price chart, Source: Trading view

The Relative Strength Index (RSI) is currently hovering near 54, which is a neutral zone. This suggests that XRP is neither overbought nor oversold. Hence, the market is likely in a consolidation phase, where the next move could either be a continuation of the bullish trend or a slight pullback.

The Moving Average Convergence Divergence (MACD) also offers mixed signals. While the MACD line is above the signal line, indicating a bullish trend, it shows signs of convergence. This convergence suggests that momentum is weakening, which aligns with the current consolidation phase. 

Tags: Price AnalysisRipple (XRP) News

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