Last week, XRP, the cryptocurrency associated with Ripple, experienced a significant price drop but has since shown signs of recovery. It has risen approximately 14% and the $2.00 level has acted as a pivotal support. A bullish reversal pattern and strong buyer confidence have encouraged market participants to push prices higher. Resistance is anticipated at $2.61, with further targets at $2.91. Analysts expect XRP to trade between $1.91 and $2.50 in December 2024 and fluctuate between $1.35 and $2.12 in January 2025. By the end of 2025, if institutional adoption gains momentum, XRP could potentially reach $5 or more. However, projections of XRP rising to $50 or even $500 in 2025 remain speculative. XRP's recent surge is attributed to strong psychological support at $2 and positive market sentiment. Future estimates for XRP in 2025 range from $1.35 to $70, with strong growth potential in fintech and cross-border payments. Realistic targets for 2030 suggest $15-25, while $500 would require global payment adoption post-2030.



Other News from Today