{"id":35303,"date":"2025-01-13T11:30:19","date_gmt":"2025-01-13T11:30:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35303"},"modified":"2025-01-13T11:30:19","modified_gmt":"2025-01-13T11:30:19","slug":"heres-why-ripple-xrp-could-hit-a-new-ath-this-year-analysts","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35303","title":{"rendered":"Here\u2019s Why Ripple (XRP) Could Hit a New ATH This Year (Analysts)"},"content":{"rendered":"

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

Analysts predict XRP could hit new highs, citing flipped resistances and strong chart patterns.
\n$2.5 billion in XRP accumulated by whales recently signals confidence, reducing supply and boosting price potential.<\/p>\n

<\/a><\/span><\/h2>\n

Where Next?<\/h2>\n

It has been another interesting week for the cryptocurrency market, during which numerous leading digital assets experienced enhanced volatility. Ripple\u2019s XRP was no exception, <\/span>with its price<\/span> plunging below $2.25 on January 9 but soaring<\/a> to almost $2.60 two days later. <\/span>The most recent market decline affected XRP, and <\/span>it is currently worth approximately $2.41(per <\/span>CoinGecko\u2019s<\/span> data), representing a mere 1% increase on a weekly scale.
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

One popular X user who has observed XRP\u2019s recent performance is CRYPTOWZRD. The analyst <\/span>suggested<\/span><\/a> that the token \u201chas flipped previous resistance to support\u201d of around $2 and is now ready to pump to a new all-time high of $4 and then $8. The X user said such a scenario would mirror the pre-bull run in 2017 and the subsequent rally the following year.<\/span><\/p>\n

For their part, WSB Trader Rocko described XRP\u2019s price chart as \u201cthe most bullish in crypto.\u201d The X user <\/span>claimed<\/span><\/a> that the recent launch of <\/span>Ripple\u2019s stablecoin (RLUSD) and the company\u2019s potential connections with Donald Trump\u2019s upcoming administration could fuel a fresh peak for the token\u2019s valuation.\u00a0<\/span><\/p>\n

Last month<\/span>, <\/span>the<\/span> veteran trader Peter Brandt also <\/span>maintained<\/span><\/a> that XRP has<\/span> \u201cthe most powerful chart in all of\u00a0crypto world.\u201d<\/span> Earlier this month, he chipped in again, <\/span>predicting<\/span><\/a> that the <\/span>asset\u2019s market capitalization could explode above $500 billion, citing the formation of a \u201chalf-mast flag.\u201d<\/span><\/p>\n

It is interesting to note that<\/span> Brandt\u2019s renewed optimism about XRP contrasts with his predominant skepticism in the past.<\/span> In November 2020, shortly before the US SEC issued the lawsuit against Ripple, he <\/span>opined<\/span><\/a> that the asset<\/span> \u201cwould have been declared as a security\u201d if the watchdog \u201cunderstood cryptos.\u201d\u00a0<\/span><\/p>\n

Brandt continued his bashing manifest in the following years. Last spring, he <\/span>assumed<\/span><\/a> the XRP\/BTC chart<\/span> \u201cis headed toward zero.\u201d<\/span><\/p>\n

XRP Whal<\/span>es on the Move<\/span><\/h2>\n

One <\/span>important factor signaling that Ripple\u2019s native token could indeed head north in the near future is <\/span>the<\/span> whale activity. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a> over the weekend, such large investors accumulated roughly one billion XRP (equaling almost $2.5 billion) in <\/span>the span of<\/span> 48 hours.<\/span>\u00a0<\/span><\/p>\n

Continuous efforts in that field will reduce the circulating supply of the asset, potentially triggering upward pressure <\/span>on the price (assuming demand doesn\u2019t decline).<\/span><\/p>\n

Additionally, this move signals confidence in the coin, possibly encouraging retail investors to follow suit and direct further capital into the ecosystem.<\/span><\/p>\n

The post Here\u2019s Why Ripple (XRP) Could Hit a New ATH This Year (Analysts)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analysts predict XRP could hit new highs, citing flipped resistances and strong chart patterns. $2.5 billion in XRP accumulated by whales recently signals confidence, reducing supply and boosting price potential. Where Next? It has been another interesting week for the cryptocurrency market, during which numerous leading digital assets experienced enhanced volatility. Ripple\u2019s XRP was […]<\/p>\n","protected":false},"author":0,"featured_media":35304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35303","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\/35303"}],"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=35303"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35304"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}