XRP Price Prediction: What Next for Ripple in 2025?
On Saturday, XRP broke out of its Bullish Pennant, surging by 11% as it surpassed its upper trendlines, supported by increased trading volumes. However, as of January 13, XRP is showing signs of retreating toward the triangle’s lower trendline, hovering near $2.40.
If XRP drops below this support level, it could invalidate the symmetrical triangle breakout scenario, potentially triggering a decline toward the pattern's lower trendline. Conversely, holding above the upper trendline would maintain the bullish outlook and increase the likelihood of XRP reaching its $4 target.
★High Open Interest Reflects Market Activity XRP's Open Interest currently stands at $5.37 billion, close to its all-time high of $5.42 billion, signaling strong market activity and heightened trader engagement. This elevated Open Interest suggests that market participants are closely watching XRP's next move, whether it holds support or breaks below it.
★Ripple Price Prediction: Will XRP Hold Support or Correct Further? The key question for XRP is whether it will hold above the critical $2.40 support level or face a deeper correction. Sustaining the support would likely keep the $4 symmetrical triangle target within reach, while breaking below could lead to further declines. The market remains on edge, with high levels of speculation and trading activity shaping XRP's next price movement. #BTC Stuck in Range, Can It Break $100K?
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#BTC #ETH #XRP #PREDICTION
XRP Price Prediction: What Next for Ripple in 2025?
On Saturday, XRP broke out of its Bullish Pennant, surging by 11% as it surpassed its upper trendlines, supported by increased trading volumes. However, as of January 13, XRP is showing signs of retreating toward the triangle’s lower trendline, hovering near $2.40.
If XRP drops below this support level, it could invalidate the symmetrical triangle breakout scenario, potentially triggering a decline toward the pattern's lower trendline. Conversely, holding above the upper trendline would maintain the bullish outlook and increase the likelihood of XRP reaching its $4 target.
★High Open Interest Reflects Market Activity
XRP's Open Interest currently stands at $5.37 billion, close to its all-time high of $5.42 billion, signaling strong market activity and heightened trader engagement. This elevated Open Interest suggests that market participants are closely watching XRP's next move, whether it holds support or breaks below it.
★Ripple Price Prediction: Will XRP Hold Support or Correct Further?
The key question for XRP is whether it will hold above the critical $2.40 support level or face a deeper correction. Sustaining the support would likely keep the $4 symmetrical triangle target within reach, while breaking below could lead to further declines. The market remains on edge, with high levels of speculation and trading activity shaping XRP's next price movement.
#BTC Stuck in Range, Can It Break $100K?