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XRP price has continued to hold above $2, buoying the optimism of those market analysts who believe in the coin’s long term potential.
Although the past week has seen a solid descent from XRP, experts claim that in 2025, XRP can enjoy a huge rally seeing its price jump to $11. This bullish outlook is due to favorable technical setups as well as developments in the SEC lawsuit.
XRP Price Targets a Major Rally
At the time of writing, XRP was trading at $2.07 with a market cap of $118.9 billion and a 24hr trading volume of $5.61 billion.
The token has lost 6.87 percent over the past seven days, trading between $2.01 and $2.34. This short term dip notwithstanding, analysts remain positive about the long term prospects of XRP.
Ali Martinez, a crypto analyst, recently highlighted one of the “most promising setups” for XRP, predicting a potential rally to $11 in 2025.
Source: XMartinez said the conditions on the daily chart point to the cryptocurrency being set for a big price move as the market moves into the New Year.
SEC Lawsuit Developments Drive Optimism
Ripple’s ongoing legal battle with the SEC could be a catalyst for the growth of XRP price. Incoming SEC Chair Paul Atkins could have many in the market believe the case will be tossed out.
If this takes place, it could give a powerful boost for XRP’s price and make investor confidence spike.
The lawsuit has been a significant factor influencing XRP’s performance, creating uncertainty for investors.
However, growing optimism about a favorable resolution has positioned XRP as one of the key assets to watch in 2025.
A dismissal of the case or a positive outcome could spark renewed interest and drive demand.
Technical Indicators Signal Bullish Momentum
XRP’s price looks like it is about to breakout and technical analysis confirms. The Bollinger Bands on XRP’s daily chart are tightening.
This typically precedes increased volatility and possibility of price movement, noted Martinez. This implies an imminent rally.
Source: XFurthermore, XRP futures open interest has also risen by 0.45 percent to $1.98 billion according to Coinglass data. That represents growing speculative activity and trader interest.
The spike in open interest often indicates market participation, however, it may also reveal imminent price volatility over the short term.
Long-Term Outlook and XRP Price Targets
Key price targets for XRP include $11 by 2025, the experts add, with interim levels at $12 and $15. Bullish momentum was internationally accepted as it broke the critical resistance level of $10.
Being in a position of favorable technical patterns, strong market activity and optimism on the SEC case, XRP price has all the right ingredients for growth.
As these factors fit into place the cryptocurrency will remain a main target for analysts and investors moving forward into 2025.
The post XRP Price Poised For Explosive 2025 Rally, Experts Predict This Target appeared first on The Coin Republic.
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