XRP, the cryptocurrency used by Ripple, has dropped to its December lows of $2.04, experiencing a nearly 30% decline since its peak in early December. The decline in XRP's price is attributed to a strengthening US dollar and the selling pressure from investors as they reduce exposure ahead of year-end. The decline has also led to liquidations in the leveraged market, with a significant amount of liquidations in XRP. The overall cryptocurrency market has seen losses, with Bitcoin retreating from its all-time high, and Ethereum and Solana also experiencing declines. The surge in the US Dollar Index has made speculative assets like cryptocurrencies less attractive. Technical analysis suggests that XRP's price needs to hold above the $2.0-1.96 support level to prevent further decline. Some analysts maintain a bullish long-term outlook for XRP, with price projections ranging from $1.91 to $5 by the end of 2025, depending on factors such as institutional adoption and market confidence. The appointment of a pro-crypto SEC chairman and potential regulatory clarity under the incoming Trump administration could also impact the crypto sector. XRP's recent decline is also due to selling pressure, Bitcoin dominance, and the shift in market focus away from altcoins. However, the future of XRP looks promising, particularly in the financial technology sector, as the platform expands partnerships and sees growing institutional adoption. Technical analysis suggests the possibility of price recovery once the current correction phase concludes, but reaching valuations like $500 in the near term is highly improbable. Realistic estimates suggest price targets ranging from $15-25 by 2030.



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