As 2024 concludes, XRP remains a focal point for crypto analysts, hovering near $2. Despite three dips below this key level in December, experts maintain that XRP is one of the most promising cryptocurrencies for 2025.
Technical indicators like Bollinger Bands and bullish pennants are fueling speculation of an explosive rally, with projections as high as $11.
Bollinger Bands Squeeze
The tightening Bollinger Bands on XRP’s daily chart signal an imminent price movement. This “squeeze” indicates a period of reduced volatility, often preceding significant price shifts.
Analysts observing this pattern across various timeframes agree it sets the stage for a dramatic breakout.
This phenomenon isn’t unique to XRP—such squeezes historically precede pivotal market moves. The current setup suggests XRP is building momentum for its next leg.
Bullish Pennant
In addition to the Bollinger Bands, XRP is forming a bullish pennant on its charts. This consolidation pattern arises after sharp rallies and is characterized by tightening price action between converging trendlines.
On the 4-hour chart, XRP demonstrated this pattern three times between November and early December, with each instance resulting in a breakout.
Analysts like Ali Martinez view this as a precursor to a surge, citing a potential target of $4 in the short term.
Long-Term Projections
Martinez predicts a more substantial rally for XRP, with a 440% gain pushing the token to $11. This target stems from historical price moves and the completion of its consolidation phase. Other experts echo this optimism, urging patience as XRP builds for its next breakout.
Whale Activity
Whale behavior reinforces the bullish outlook. On December 25, whales increased their holdings by 60 million XRP, signaling confidence in the asset’s potential.
This accumulation often precedes major market moves, as large investors position themselves for expected gains.
Key Levels to Watch
| Scenario | Price Target | Key Support/Resistance |
|---|---|---|
| Bullish | $11 (Long-Term) | $4 (Short-Term Target) |
| Bearish | Below $2 | Support near $1.995 |
At press time, XRP is trading at $2.04, stuck between narrowing trendlines. The market awaits a decisive move, and the current technical setups suggest a bullish resolution.
Patience is Key
Market commentators remind XRP holders of the asset’s historical patterns. After breaking out of a seven-year downtrend, it’s unlikely for XRP to halt its momentum just shy of new highs.
For now, patience and close monitoring of market signals are essential.
With whale accumulation and bullish technical indicators aligning, XRP’s potential to reach $11 becomes a compelling narrative as we head into 2025.
