The post XRP Price Eyes a 30% Rise After a 40% Upswing—Will it Surpass Ethereum in 2025? appeared first on Coinpedia Fintech News
After consolidating along the resistance for a week, the XRP price broke the range and rose above the resistance at $2.68. Meanwhile, the bears try hard to restrict the levels below the 2024 highs at $2.9 but after a small consolidation, the token is believed to secure fresh highs. The newly formed third-largest crypto with over $160 billion market cap surging by over 30% in just a couple of days suggests a huge rise in the trader’s attention.
The question arises whether the Ripple (XRP) price may ever surpass Ethereum (ETH) to become the second largest crypto.
It has been over 4 years since the Ripple vs. SEC lawsuit and has reached a pivotal point. As per the new report, the agency is required to file its opening brief by January 15. With Gary Gensler stepping down on January 20, incoming pro-crypto SEC Chair Paul Atkins raises hopes for a favourable resolution, though the case’s complexity tempers expectations.
Now that the XRP price has flipped the previous resistance and the bullish sentiments surround the token, will the price mark a new ATH this quarter?
The historical price action of XRP suggests the XRP price has launched a massive bullish attack. It has been following a pattern, according to which marking a two-digit milestone seems to be inevitable for the rally. Presently, the XRP price is trading nearly the interim highs at $2.9 and the historical pattern suggests the token is due for an upswing of a minimum of 200% in the next few months. The monthly RSI has entered the overbought zone for the first time since the 2018 bull run with a notable rise in the volume. On the other hand, the +Di of DMI has risen above the ADX, suggesting a rise in the rally’s strength.
Therefore, the XRP price is primed for a vertical explosion as it did during the past couple of rallies after a couple of pullbacks. Therefore, the XRP price is expected to surpass $3 anytime from now, which could push the levels towards a new ATH at $3.5, probably during the weekend. This move is expected to attract some bearish activity but after a small consolidation, a bullish continuation seems imminent.
The XRP price has been maintaining strong bullish momentum, even amidst the market retracement. Moreover, with the positive sentiments mounting ahead of the speculation of approval of a spot XRP ETF, liquidity in billions is expected to enter the platform. Besides, XRP is moving forward with a robust technology as a solution in international payments and remittances. With the optimism surrounding the inauguration of the new government in the U.S., cryptos like XRP are expected to gain new highs soon.