XRP is currently trading at $2.94, up 4.14% in 24 hours. Trading volume has exploded to $11.95 billion, a massive 72.07% jump. The coin is riding a seven-day rally, gaining 25.95% and drawing serious attention from retail and institutional eyes.
XRP broke out above the $2.50 resistance line and surpassed the 200-day SMA, an important technical indicator. CoinCodeCap Trading analysts observe that the coin is already at its $3 target, registering a 20% price appreciation. However, as the RSI is currently at around 80, most are apprehensive. The overbought zone tends to trigger a temporary downturn.
XRP Pullback Seen as Buying Opportunity
CoinCodeCap calls this moment a “pullback opportunity.” Traders who missed the rally might get another shot if the price slips to $2.50. Support lies at $2.50 and $2.00, with strong resistance at $3.00 and $3.84. In the short and medium term, the trend stays strongly bullish. But for the long haul, it’s neutral. That could change fast if new catalysts emerge.
One major driver is the buzz around a potential XRP ETF in 2025. Add to that the $400 million+ worth of XRP held in corporate treasuries, and you’ve got strong fundamentals. If volume and investor interest hold, XRP could shift into a new long-term uptrend. A correction might be healthy, not harmful.
XRP Price Forecasts for 2025
Forecasts for XRP’s future vary wildly. DigitalCoinPrice expects the asset to reach as high as $6.42 by the end of 2025. They believe XRP will break its old record of $3.84 soon and may settle between $6.18 and $6.42. That projection relies heavily on investor momentum and bullish sentiment holding strong.
Changelly foresees something different. They are predicting a 2025 high of just $2.61, an average potential of $3.23. July’s forecast is for a modest ROI of 2%, ranging in price between $2.84 and $3.05. They are less positive, predicting a possible ROI drop in the year to -12.7%.
