After a sideways trading in 2024, with prices consistently below $1, XRP experienced an explosive rally at the beginning of November due to the “Trump effect.”
In 2024, XRP traded sideways under $1. However, starting in November, it saw a massive surge, largely influenced by the “Trump effect.
The asset breached the $2 barrier, outperforming many others. It reached its peak on December 2nd when XRP touched $2.71, but since then, it has lost some momentum. (In this context, “asset” refers to cryptocurrency.)
XRP has been showing some volatility, with events such as the swift drop below $2 on December 20th. Despite its initial strong surge in November, the token failed to sustain the subsequent upward momentum.
Currently, it’s trading at a level of $2.53, with an increase of 3.80% over the past 24 hours. On the weekly chart, it remains positive with a gain of 3.94%, and on the monthly chart, it shows a growth of 5.28%.
The price is now at $2.53, having risen by 3.80% over the last day. On the weekly graph, it’s in the green with a profit of 3.94%, while on the monthly graph, it shows a rise of 5.28%.
This month’s anticipated developments could significantly shape XRP’s trajectory. On January 15th, the SEC (Securities and Exchange Commission) will present its opening brief in the lawsuit against Ripple, a crucial step in determining the outcome of the legal battle.
Moreover, on January 20th, Donald Trump will officially take office as the President of the United States, while Gary Gensler, the much-criticized chairman of the SEC, will step down to make way for Paul Atkins, who is well-known for his pro-cryptocurrency stance.
These factors could significantly affect the trajectory of XRP. To understand how it may develop in the coming days, we’ve consulted the advanced algorithm of PricePredictions, a platform that analyzes cryptocurrency market movements, to discover where XRP might reach by the end of this month.
L’AI prevede un rialzo per XRP
The algorithm, taking all developments into account, forecasts an uptrend for the Ripple token. According to AI predictions, the asset could reach around $2.70 by the end of January. This would represent approximately a 7% increase compared to its current price.
The forecasts are built upon a detailed technical analysis that considers various indicators to evaluate the strength of current trends and determine if the asset is in an overbought or oversold phase. Among these tools, we find the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and Bollinger Bands (BB).
In the long run, the forecasts remain more optimistic: according to artificial intelligence, XRP might cross the $3 mark around mid-February. It also predicts a short-term correction, which could temporarily halt the upward trend.
As a researcher, I’m sharing an insight from various analysts who predict a rise in XRP within the coming days. For instance, on January 12th, Alan Santana posted his analysis, presenting a consolidation chart that led him to speculate a rally potentially reaching $2.70, under the condition of a strong bullish trend in the short term.
Ma l’analista è più ottimista rispetto all’intelligenza artificiale.
According to Alan Santana, the asset might continue its surge and reach approximately $2.90 in the coming weeks.
Even the seasoned trader known as The Great Mattsby has issued an optimistic forecast for XRP, predicting that the asset could soon reach new all-time highs (ATH) above $2.70.
In my analysis, I rely on Fibonacci retracements, a widely used technique to identify potential reversal points and possible new market trends.
Even though technical analyses predict a potential rise for XRP, it’s essential to take into account external factors that might influence its course.
The recent 690 million USD dump of XRP by Ripple is a significant event that could potentially trigger a downward pressure in the short term, casting a shadow over the more optimistic forecasts of experts.
Alternative a XRP
Meanwhile, as XRP continues to surge, many investors are diversifying their portfolios to seize new opportunities in the crypto sector. Projects such as Wall Street Pepe, currently being pre-sold, are drawing a lot of attention.
Wall Street is creating a private group named the “$WEPE Army,” where token owners can gain entry to trade tips, successful tactics, and expert advice.
Members of our community can also join weekly trading competitions, fostering a challenging and exciting environment. Every aspect of the project is designed to support small investors, helping them grasp the crypto market better and seize profit-making opportunities more effectively.
WEPE isn’t just a meme coin; it’s a project that provides advanced trading signals, an active community, and a reward system for staking.
This mix is attracting investors to the project. To date, the project has earned more than 47 million dollars during pre-selling.)
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2025-01-14 12:59