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On this first day of 2025, the crypto market is showing a more or less stable reaction. However, upcoming significant events portend unpredictable movements and surprises for the market this year.
Moreover, XRP, Ripple’s token, is capturing attention thanks to a interesting dynamics and intriguing technical signals. Is 10x realistic in January and can it really surpass Tether to become the third largest crypto player? Decryption.
XRP in strategic consolidation between $2 and $3
Currently, the XRP cryptocurrency is evolving in a key zone between $2 and $3, two levels which define its immediate future. Support at $2 is strong, reinforced by historical records and Fibonacci retracement zones, while $3 represents psychological resistance that is difficult to breach.
Technical indicators are neutral: the RSI is around 50, reflecting a fragile balance between buyers and sellers. At the same time, a descending wedge visible on the 4-hour charts could signal an upcoming explosion, potentially upwards.
If XRP manages to rise above $3, it could pave the way for a new uptrend, but a break below $2 could precipitate a fall towards $1.5. According to Ali Martinez, an influential crypto analyst, the tightening of the Bollinger bands indicates that a big movement is in preparation.
Investors are therefore watching for the slightest sign of breakout, ready to act in a context where each technical level becomes critical.
Why XRP is rising: Between fundamental catalysts and technical signals
XRP’s recent rise is linked to several fundamental and technical factors. First, Ripple’s historic regulatory victory in 2023 against the SEC continues to inspire confidence, particularly among institutional investors.
Next, Ripple recently launched its own stablecoin, RLUSD, and is expanding its use cases, particularly in cross-border payments thanks to autobridging, an innovation that optimizes liquidity and reduces friction.
This dynamic is reinforced by a migration of XRP tokens from exchanges to private wallets, a bullish signal which limits the selling pressure. On a technical level, Bollinger Bands show compressed volatility, often the prelude to significant momentum.
For some analysts, XRP’s current situation is reminiscent of 2017, just before the bull cycle that led to an all-time high. It would be a interlude phase before a potential revolutionary rise.
A x10 for XRP and the overtaking of Tether: dream or plausible scenario?
To reach a 10x and climb to $20, XRP would have to see its capitalization jump to $1.22 trillion. This would require massive institutional adoption, a validated XRP ETF, and a widespread bull market.
However, overtaking Tether, which still dominates the market with its $137 billion capitalization (compared to $122 billion for XRP), presents itself as a major challenge for Ripple. The latter must replace a stablecoin used as the central pillar of crypto transactions.
According to Mikybull Crypto, another popular X analyst, XRP could reach $4 in the short term thanks to its growing adoption, but a x10 will require a conjunction of favorable catalysts over several months, even years. The market remains volatile and an immediate x10 seems unlikely without a major, unexpected catalytic event.
Source : CoinMarketCap
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