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The price of XRP has decreased by 3 % in the past 24 hours of trading at $ 2.57 from 11:28 pm EST on the trading volume, which increased by 48 % to $ 5.2 billion.
Ripple Takeen’s performance is still volatile, driven by the conversion of feelings on the issue of the Securities and Stock Exchange Committee (SEC) for the sale of XRP.
A lot of modern XRP power comes from speculation that SEC may abandon its attractiveness, allowing Ripple to work without legal threats waving on the horizon.
Arthur Azizov, CEO of Crypto Business B2BINPAY, is checked in joy that XRP can reach a range of $ 5 to $ 7 in the first half of 2025.
Although it is the third largest encrypted currency by the maximum market (except Tether as a stable currency), there is no mention of XRP below. I am surprised that XRP is one of the few cryptocurrencies that ends the trading of December in green.
I do not do price predictions, but Baron recently … https://t.co/scamknclkt
John E Deaton (@Johnedaaton1) January 1, 2025
The price of XRP can maintain its gathering inside the emerging channel
the XRP price Awards on an upward channel on the time frame for 12 hours.
The price of the distinctive code has increased dramatically in late 2024, and since then it has been combined in this upscale structure. The current price of $ 2.5759 is just lower than the midfield from this channel, indicating the continuous marketing of the market.
The simple moving average for 50 days (SMA) works at $ 2.6472 as a dynamic resistance, while SMA 200-periods at $ 2.3588 provides strong support in the long run. The last price procedure is shown in the bottom of the lower boundaries of the channel, indicating that the bulls are defending this level.
Meanwhile, the RSI index is at 46.03, slightly less than the level of 50 neutral. This indicates a balance between the bullish momentum and the landing, with no clear dominance from either side. If RSI moves above 50, renewed upward strength may confirm.
XRP/USDT (TradingView) analysis
Coofness predicts the distinctive symbol price
The total trend remains upward as long as the price of XRP remains inside the emerging canal. A break above $ 2.65 (50 days SMA) can move about $ 3.00-3.40 dollars, align with the upper channel resistance.
Intensive oud pressure and basic pressure may push the price of XRP to a sign of $ 10.
However, if the price of XRP fails to retain the minimum boundaries of the channel and decreases to less than SMA for 200 days at $ 2.35, this may lead to a decreased shift, and may lead to a re -test of $ 2.00.
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