{"id":33185,"date":"2025-01-04T13:06:07","date_gmt":"2025-01-04T13:06:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=33185"},"modified":"2025-01-04T13:06:07","modified_gmt":"2025-01-04T13:06:07","slug":"from-2-to-11-popular-analyst-maps-out-ripples-xrp-next-big-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=33185","title":{"rendered":"From $2 to $11: Popular Analyst Maps Out Ripple\u2019s (XRP) Next Big Move"},"content":{"rendered":"

TL:DR;<\/strong><\/p>\n

XRP rebounded from its most recent price slip below $2, but the asset might not be out of the woods yet.
\nHowever, a popular crypto analyst suggested that a potential decline toward that level again could be beneficial for XRP\u2019s long-term price movements.<\/p>\n

<\/a>XRPUSD. Source: TradingView<\/p>\n

Ripple\u2019s cross-border token went on a massive run after the US elections, skyrocketing by triple digits at one point and peaking close to $3. All of these gains came in the span of a few weeks, but the asset lost momentum at the start of December.<\/p>\n

It tumbled hard on several occasions in the following weeks, with the latest decline<\/a> to under $2 transpiring last Monday \u2013 December 30. This came during the most recent market-wide correction.<\/p>\n

However, the popular crypto asset reacted well<\/a> to this decline and shot up by over 20% since then, currently sitting at around $2.45. Consequently, XRP has regained its spot as the third-largest cryptocurrency by market cap by surpassing Tether\u2019s USDT.<\/p>\n

According to analyst Ali Martinez, XRP still stands below a steep resistance level of $2.73, which has stopped its price ascent on a couple of occasions during this rally. If the asset fails to overcome it soon, it could slump back to $2.05.<\/p>\n

However, Martinez actually believes that such a scenario could be a blessing in disguise for XRP, which could catapult it toward a fresh all-time high above $3.4 (CoinGecko data) and all the way up to $11.<\/p>\n

$XRP<\/a> is still consolidating within the pennant of a massive bull pennant pattern. Until the $2.73 resistance is broken, a pullback to $2.05 remains possible before a potential breakout to $11! pic.twitter.com\/ET39FJMtAc<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 4, 2025<\/a><\/p>\n\n

It\u2019s safe to say that $11 sounds quite extraordinary for XRP. Such a price tag would put the asset\u2019s market cap at well over $600 billion, which would help it top Ethereum in that regard. Although this might sound plausible<\/a> under a friendlier Trump administration, it\u2019s still a long way away and falls under the category of exaggerated price predictions.<\/p>\n

The post From $2 to $11: Popular Analyst Maps Out Ripple\u2019s (XRP) Next Big Move<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL:DR; XRP rebounded from its most recent price slip below $2, but the asset might not be out of the woods yet. However, a popular crypto analyst suggested that a potential decline toward that level again could be beneficial for XRP\u2019s long-term price movements. XRPUSD. Source: TradingView Ripple\u2019s cross-border token went on a massive run […]<\/p>\n","protected":false},"author":0,"featured_media":33186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33185"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33185"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/33185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/33186"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}