XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85
28 Enero 2025 - 2:00PM
NEWSBTC
After facing a significant crash to $3.7, XRP bulls are making a
strong comeback, attempting to break above resistance levels and
establish a new price target. With this in mind, a crypto analyst
forecasts that if the asset surpasses this resistance, it could
skyrocket to $3.85, potentially climbing even higher to hit the
$6.5 mark. XRP Bulls Push Toward $3.85 ATH Price During the bull
run in 2018, the XRP price hit its current All-Time High (ATH),
skyrocketing to the $3.84 level. Now, a TradingView crypto analyst,
identified as ‘Mindbloome-Trading,’ has shared a recent forecast,
suggesting that XRP could surge past its ATH price to $3.85 in
2025. Related Reading: XRP Price Rallies To ATH At $3.4,
Here’s What’s Driving It And Why The Pump Will Continue The
analyst’s bullish XRP price prediction is based on key resistance
and support levels, with the expectation that the cryptocurrency
can break above these levels. He shared a detailed video chart
analysis, highlighting the altcoin’s price action on a monthly,
weekly, daily, and 4-hour basis. The TradingView analyst
announced that XRP is in a bull run and showing signs of a strong
upward rally. The cryptocurrency had previously broken the $2.6
price, transforming this level into a crucial support area for
driving its market momentum. Forming a new resistance level
at $2.7, the crypto expert disclosed that the asset must break this
threshold to initiate a swift climb to $3.15. In his video
analysis, he identified the price points at $3.0, $3.11, and $3.14
as critical resistance levels that, if XRP can surpass, could push
it to a new all-time high target of $3.85. While the analyst
is confident that XRP can hit his projected price target, he also
believes that the cryptocurrency could rally even higher,
potentially hitting the $6.55 mark. He explained that this surge
would be highly possible, as the subsequent increase in XRP’s
market capitalization would be a fair and well-supported
progression. The TradingView expert also acknowledged that for the
cryptocurrency to reach the forecasted $3.85 ATH, several bullish
catalysts would be necessary, including a positive upward trend in
Bitcoin. Possible Market Dip Ahead As XRP bulls attempt to
trigger a price rally toward $3.85, Mindbloome-Trading has shared
an alternative bearish scenario for the cryptocurrency if it fails
to break above key resistance levels. According to the TradingView
analyst, the current resistance XRP is facing is strong, raising
the likelihood that the cryptocurrency may struggle to overcome it,
potentially limiting its upward momentum. Related Reading:
XRP Price To $5.85: Analyst Reveals Why The New Week Will Be
‘Dynamic’ He predicts that if the altcoin fails to surpass the
resistance level at $3.13 and $3.15, the cryptocurrency could face
a sharp correction, potentially dropping to $3.00 or even lower,
with $2.85 being the possible target. As of now, the XRP price is
trading at $3.1, reflecting an 11.22% increase over the past 24
hours, according to CoinMarketCap. Featured image from Adobe Stock,
chart from Tradingview.com
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