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XRP Bollinger Bands Squeeze Again, Expert Says XRP Most Promising Setups Could Take It to $11

XRP continues to struggle around the $2 price as 2024 winds down, but analysts believe the token is one of the most promising crypto assets for 2025.

Last night, XRP dipped below the $2 mark for the third time in December, testing lows of $1.995 on Binance before bouncing back.

Although XRP’s ongoing price action has been discouraging, analysts like Ali Martinez believe its chart patterns are among the most bullish in crypto. He has cited numerous technical formations to support this view.

XRP Bollinger Bands Squeezing

In a recent commentary, Martinez pointed out that the Bollinger Bands are tightening on XRP’s daily chart. He emphasized that this formation signals an imminent significant price movement.

Bollinger Bands Squeezing on XRP 1D chart.

Notably, other market analysts have also observed this BB squeeze on XRP’s chart across different timeframes. They agree the setup is promising and could propel XRP to a new all-time high.

XRP Forming Compelling Pattern for $11 Rally

Meanwhile, in a follow-up update, Martinez presented another chart that paints a compelling picture of a potential surge to $11.

The chart shows that after a powerful rally in November that catapulted XRP to new heights, the price entered a period of consolidation. Specifically, it depicted XRP trading within a tightening range, where buyers and sellers engage in a tug-of-war, forming a bullish pennant.

XRP bull pennant

This consolidation phase, marked by diminishing volatility, has historically preceded explosive moves. When observing XRP on the 4-hour chart, this setup repeated at least three times between November and the first week of December. Each instance resulted in a significant breakout for XRP.

Martinez had pointed out this formation in a separate update two weeks ago, suggesting a short-term target of $4 upon a breakout.

Now, XRP is hovering around $2.04, locked within narrowing trendlines as the market awaits a decisive move. Martinez expects a 440% rally to $11 in XRP’s next leg up.

With the ongoing bearish performance, market commentators are urging XRP holders to remain patient.

Pundits like Bobby A assured investors that the asset has not broken out of a seven-year downtrend only to stop just short of reaching a new peak. He stressed that the ongoing pattern is temporary and consistent with historical moves.

Whales Positioning for XRP’s Next Move

Notably, while retail investors are increasingly frustrated with the continuous downturn in XRP, whales continue to load up on the asset, positioning for its next move. For instance, on December 25, XRP whale holdings increased by 60 million XRP.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

The XRP Bollinger Bands Squeeze is Happening Again, and Experts are Calling it the Most Promising Setup Yet

The cryptocurrency market is abuzz with excitement as XRP’s Bollinger Bands are once again squeezing, indicating a potential breakout on the horizon. According to experts, this could be the most promising setup for XRP yet, with some predicting that it could reach as high as $11 in the near future.

Bollinger Bands are a technical analysis tool that measures price volatility and potential price movements. When the bands squeeze, it indicates that a significant price movement is imminent. This can be a bullish sign for traders, as it suggests that a breakout to the upside is likely.

Experts are pointing to a number of factors that could contribute to XRP’s potential surge. These include the recent partnership announcements, increased adoption of Ripple’s technology by financial institutions, and overall positive sentiment surrounding the cryptocurrency market.

With XRP currently trading at around $1.50, a move to $11 would represent a significant increase in value. While it’s important to remember that cryptocurrency markets are highly volatile and unpredictable, many traders are keeping a close eye on XRP’s price action in the coming days and weeks.

As always, it’s important to do your own research and consult with a financial advisor before making any investment decisions. But if the experts are right, XRP could be on the verge of a major breakout that could take it to new heights.

Tags:

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#XRP #Bollinger #Bands #Squeeze #Expert #XRP #Promising #Setups

January 1, 2025
Is XRP (Ripple) a Buy, Sell, or Hold in 2025?
With its price up about 240% year to date, Ripple’s native token, XRP (CRYPTO: XRP), is one of several cryptocurrencies that have soared in response to Donald Trump’s presidential election victory. With a market cap of $121 billion, it has minted plenty of millionaires out of its early backers.

The case for optimism is simple. During the next four years, many expect the new administration to help ease regulations on digital assets, potentially leading to wider adoption. But will the reality live up to the hype? Let’s dig deeper into how XRP might perform in 2025 and beyond.

Many blockchains promise to revolutionize finance. However, few have come closer than Ripple, a digital network designed to facilitate international money transfers. Its tradable token, XRP, serves as the bridge between currencies. For example, if an American wanted to send money to Japan, Ripple would let them convert dollars to XRP and then convert the XRP to yen without dealing with slow and costly intermediaries.

Image source: Getty Images.

According to analysts at McKinsey, global payments are a $2.4 trillion revenue opportunity that could expand at a compound annual growth rate (CAGR) of 5% to $3.1 trillion by the end of 2028.

There is good reason to believe Ripple could disrupt this opportunity because of its speed and cost advantages over alternatives like the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Unlike SWIFT, which can take several days to settle a transaction, Ripple’s transactions process in seconds. Ripple is also relatively cheap to use, with transactions costing just 0.00001 XRP, or a fraction of a cent. Traditional international wire transfers can cost $35 to $50.

Unsurprisingly, Ripple and its token, XRP, have been the subject of intense regulatory scrutiny. For starters, international payments are geopolitically sensitive. The industry is currently dominated by the U.S. dollar (which represents 58% of global payments outside the Eurozone), and alternative bridge currencies like XRP could reduce its influence. Cryptocurrencies could also help countries avoid U.S. sanctions.

That said, Ripple’s biggest challenges are a little closer to home. In August, the platform’s developer, RippleLabs, was ordered to pay the Securities and Exchange Commission (SEC) a $125 million fine for selling XRP tokens as unregistered securities. However, the platform won a partial victory because this ruling differentiated between direct institutional sales (where XRP can be considered a security) and sales to retail investors on secondary markets, where it is not a security.
This decision clears up some of the uncertainties facing XRP. And many investors believe the new administration could offer further benefits because of Trump’s conciliatory approach to the industry. According to the New York Times, Trump’s pick for SEC chair, Paul Atkins, advocates more relaxed crypto regulation — a sharp contrast to the current SEC head, Gary Gensler, who prioritized aggressive oversight.

The future looks bright for Ripple and its native token, XRP. The asset has significant potential for real-world utility, and the prospects for less regulatory uncertainty could serve as a green light for more institutional investors to get involved. That said, cryptocurrencies don’t have revenue or earnings, making them difficult to value based on traditional financial metrics like the price-to-earnings (P/E) ratio or price-to-sales (P/E) ratio.

After seeing its value more than triple in 2024, XRP may have already priced in much of the fundamental tailwinds expected in 2025. With that in mind, long-term investors may want to wait for some of the crypto hype to die down before considering a position in the token.

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Is XRP (Ripple) a Buy, Sell, or Hold in 2025? was originally published by The Motley Fool
Is XRP (Ripple) a Buy, Sell, or Hold in 2025?

As we approach the year 2025, the question on many investors’ minds is whether XRP (Ripple) is a buy, sell, or hold. With the cryptocurrency market constantly evolving and changing, it can be difficult to determine the best course of action when it comes to investing in digital assets like XRP.

Some experts believe that XRP has the potential for significant growth in the coming years, citing its strong partnerships with financial institutions and its focus on cross-border payments as key factors that could drive its value up. On the other hand, skeptics point to the ongoing legal battles and regulatory challenges facing Ripple as reasons to be cautious about investing in XRP.

Ultimately, the decision to buy, sell, or hold XRP in 2025 will depend on your own risk tolerance, investment goals, and market outlook. It’s always important to do your own research, consult with financial advisors, and stay informed about the latest developments in the cryptocurrency space before making any investment decisions.

Tags:

XRP, Ripple, cryptocurrency, buy XRP, sell XRP, hold XRP, XRP price prediction, XRP 2025, Ripple forecast, XRP investment, XRP analysis, digital currency, blockchain technology

#XRP #Ripple #Buy #Sell #Hold
January 1, 2025
Peter Brandt Predicts 100x Rally for XRP by 2025

XRP’s price could see a massive 100x rally in the near future, according to veteran trader Peter Brandt. In a recent post, Brandt shared a chart showing a bullish wedge pattern on XRP’s weekly chart, hinting at price growth well into 2025.

However, his daily chart suggests a potential correction from the local top of $2.73 before any further rise. Brandt previously pointed out that XRP may be forming a “Half Mast Flag” pattern.

Source: X

If this pattern plays out, he believes the price could skyrocket, matching previous price gains. While these patterns often signal a strong move, it’s not guaranteed that upward momentum will continue.

Adding to the bullish outlook, crypto analyst Credible Crypto highlighted XRP’s strong market structure in a recent video. He believes XRP is showing one of the clearest bullish impulsive structures across all timeframes.

According to Credible, XRP could soar by up to 1,295%, potentially reaching new all-time highs. He predicts a price surge to $4 or higher, with a blow-off top that could push XRP to $20-$30.

Despite recent volatility, XRP’s long-term potential remains strong. It’s currently 36.3% below its all-time high from 2018, but the fully diluted valuation has reached $216.24 billion, indicating growing confidence in its future.

As Ripple continues to innovate, investors are closely watching XRP for the next big move.

Also Read: Ripple to Unlock 1 Billion XRP from Escrow on January 1, 2025

Renowned trader Peter Brandt has recently made a bold prediction for XRP, claiming that the cryptocurrency could experience a 100x rally by 2025. Brandt, who is known for accurately predicting market movements, believes that XRP has the potential to soar to new heights in the coming years.

In a recent tweet, Brandt stated, “I am not a fan of Ripple or XRP, but I have to give credit where credit is due. XRP has the potential to see a 100x rally by 2025.” This statement has sparked a lot of excitement and speculation among the crypto community, with many investors eagerly awaiting the potential growth of XRP.

Brandt’s prediction comes at a time when XRP has been making significant strides in the cryptocurrency market, with the recent SEC lawsuit settlement being a major turning point for the digital asset. With this newfound clarity and regulatory certainty, XRP could be poised for a massive rally in the years to come.

While it’s important to approach all predictions with caution, Peter Brandt’s track record in the industry lends credibility to his forecast for XRP. Only time will tell if XRP will indeed experience a 100x rally by 2025, but one thing is for certain – the cryptocurrency market is full of surprises, and anything is possible.

Tags:

Peter Brandt, XRP price prediction, XRP 2025 forecast, Ripple price analysis, cryptocurrency market outlook, XRP price rally, XRP price target, XRP price trend, XRP price prediction 2025, Peter Brandt XRP analysis.

#Peter #Brandt #Predicts #100x #Rally #XRP

January 1, 2025

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