XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details

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As a seasoned crypto investor with more than a decade of experience under my belt, I have witnessed the rollercoaster ride that is the XRP market. I remember vividly when XRP hit its all-time high of $3.40 in January 2018 and saw it plummet down to $0.25 just a few months later. However, the recent price action of XRP has piqued my interest once again.

Despite ending December at a 28% decline from its six-year peak, XRP completed the highest monthly candle body close in its history. This achievement, although not much of a technical indicator on its own, is a positive sign that the lingering bullish momentum surrounding XRP price has prevented further declines below the $2 mark.

Crypto analyst Tony Severino’s recent technical analysis also lends voice to this bullish sentiment, suggesting a potential price target of $13 for XRP in the coming months. If his prediction comes true, it would translate to a 450% gain from the current price level, which sounds like music to any investor’s ears.

That being said, as someone who has been through multiple crypto cycles, I always remind myself that past performance is not indicative of future results. But with XRP’s bull flag pattern emerging on its daily candlestick timeframe and the potential for a significant price surge associated with this technical setup, I can’t help but feel optimistic about the prospects of XRP in 2025.

On a lighter note, if XRP does reach $13 as projected by Tony Severino, I might just have to sell some of my holdings and buy a yacht to sail around the world. After all, who doesn’t love a good joke when discussing potential crypto gains?

At the close of December, the value of XRP hovered approximately at $2.08, following a series of fluctuations between increases and decreases. Remarkably, despite ending December slightly above $2, the value of XRP experienced a bullish surge in the first half of the month, reaching a high of around $2.9 – its highest price point in over six years.

As an analyst, I’ve observed a striking development with XRP: despite wrapping up the month at a 28% drop from its six-year high, it managed to record the largest monthly candle body close in its history. This intriguing occurrence caught my attention, and I believe that based on current trends, XRP’s price could potentially reach $13 during this cycle.

XRP Price Completes Highest Candle Body Close In History

In simple terms, XRP concluded December with a 6.94% rise compared to its starting point, adding to an unprecedented 281.7% surge in November. This price growth caught the eye of crypto analysts and investors alike, leading to numerous speculations suggesting that the positive trend could carry on until 2025.

Data for this analysis comes from CryptoRank.

Despite Bitcoin not surpassing $100,000, which had an impact on many cryptocurrencies including XRP, causing it to spend the second half of December correcting and consolidating. However, the overall bullish trend for XRP is still intact, as suggested by recent technical analysis from crypto analyst Tony Severino.

In January 2018, the value of XRP reached its peak price of $3.40, but ended the month at a lower price of $1.124, marking the beginning of several bearish trends on the monthly chart. Notably, Tony Severino highlighted that December 2024 represented the highest closing price for XRP.

Despite not surpassing its existing record high in December, the cryptocurrency achieved a significant milestone. Although this doesn’t offer much as a technical indicator, it underscores the persisting bullish sentiment regarding the XRP price, which has kept prices from falling below the $2 level.

Technical Analysis Points To $13 Price Target

crypto expert Tony Severino pointed out an intriguing technical trend happening on XRP’s daily chart. This trend appears to be a developing bull flag following XRP’s price decline in December, according to the analyst.

The technical arrangement spotted by Severino, known as the “bull flag pattern,” is typically linked to substantial price increases. This pattern is distinguished by a sharp uptrend observed in November, which is then followed by a phase of consolidation within a declining channel throughout December.

A bull flag pattern often results in an ongoing upward trend after it breaks out, much like what Tony Severino predicts for XRP’s price rise to about $13 over the next few months.

Currently, as I type this, each XRP is being traded for approximately $2.37. In the last day alone, its value has increased by roughly 12%. If our projection of $13 per XRP comes true, that would equate to a staggering 450% increase from its current price point.

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2025-01-02 17:47