- DeFi on XRP Ledger could drive significant growth, especially with CTF token.
- XRP faces crucial support at $2.05 whereby a break could lead to further downside.
- In 2025, XRP price range could vary between $0.52 and $1.48, depending on market trends.
XRP, the cryptocurrency that has captured the attention of many, is seeing increased excitement as 2025 approaches. Ripple’s co-founder has sparked a buzz in the crypto community, with a bold prediction that XRP could potentially hit an astronomical $10,000.
While this claim raised concerns, the focus was shifted to the growing role of DeFi on the XRP Ledger. The DeFi projects, especially the CTF token, were seen as crucial for XRP’s future success.
With its limited supply of 120 million tokens, CTF witnessed significant growth and pushed to $748.50. However, a key factor remains whether XRP would continue its bullish momentum or face a deeper correction.
XRP’s Recent Price Action: Consolidation or Correction?
The price of XRP at press time is $2.08, reflecting a 4.37% decline in the past 24 hours. Despite the pullback, the cryptocurrency experienced a significant rally earlier in 2024, moving from $0.50 to over $2.50.
This bullish trend indicated strong buying momentum, but XRP now seems to be in a consolidation or correction phase. Due to the phase, the price has been gradually falling, possibly due to profit-taking or a slowdown in buying interest.
Further, technical indicators provide additional insights into the current market situation. The Relative Strength Index (RSI) is at 32.03, suggesting that the XRP is fast approaching an oversold territory, indicating potential buying pressure in the future.
Meanwhile, the Moving Average Convergence Divergence (MACD)revealed that both the MACD line and the signal line were below zero, signaling a bearish momentum. However, the histogram’s slight narrowing hints at a potential trend reversal.
Key Support and Resistance Levels for XRP
Supported by the 50-day Simple Moving Average (SMA), the XRP’s price is above its current price, serving as an immediate support. However, a breach below it could signal further downside.
The 100-day SMA, located around $1.22, is another crucial support level to watch if the price continues to fall. Additionally, the 200-day SMA at $0.88 represents a strong long-term support level.
On the resistance side, XRP faces challenges around $2.50, the recent high of the token. If XRP manages to stay above the $2.05 mark and gains buying momentum, a retest of this resistance level or even a higher price could follow. However, a break below $2.05 might push the price toward lower levels, potentially reaching $1.89 or even $1.22, depending on market conditions.
According to Changelly blog data, XRP’s price for 2025 shows a range of possibilities. The minimum price might hover around $0.52, while the maximum could rise to approximately $1.48.