Crypto News

Here is the expected price of XRP for 2025 if BTC reaches $150,000 and ETH demands $5,300

Kevin Cage, a prominent analyst, predicts the price of XRP for 2025 if Bitcoin reaches the $150,000 mark and Ethereum reaches $5,300.

In a recent filing, Cage provided a price forecast for major crypto assets in 2025, noting that the market could see impressive gains. In all fields. This comes after a bullish 2024, in which the total market capitalization of cryptocurrencies rose by 98% to close the year at $3.18 trillion.

XRP price 2025

Cage expects this upward trend to continue in 2025, the analyst predicted XRP price to 2025 To $4.30, which represents a 76.2% increase from the current price of $2.43.

He based his forecast on monthly R3 Fibonacci pivot levels. He pointed out that these levels serve as major price areas that can also They act as resistance or potential breakout points in case of high trading volume.

According to For Cage, R3 levels indicate price targets for leading assets, including Bitcoin, Ethereum, and XRP, noting that these cryptocurrencies could exceed expected levels if bullish momentum continues.

In addition to Cage, other analysts expected XRP to rise to the $4 mark. Last month, market watcher Ali Martinez He claimed XRP is scheduled to increase to $4. Earlier in November 2024, analyst CoinsKid said He said It would not be surprising if XRP reaches $4.

Current price position of XRP

Meanwhile, XRP appears on the daily chart currently Consolidation within a narrow range. The altcoin is struggling to break above the upper Bollinger Band at $2.55, which… As Major resistance level.

A decisive push beyond this level would confirm a breakout, leading to further gains. In addition, this move may mark the end of the consolidation phase that has been ongoing since December 3, 2024.

XRP 1D chartXRP 1D chart
XRP 1D chart

However, on the downside, XRP has immediate support at the 20-day moving average at $2.27. If the bears push the price below this level, the Bollinger Band bottom at $1.99 – essentially $2 sign– Provides the next line of defense.

On the DMI, the Positive Directional Index (+DI) at 24.2 outperforms the Negative Directional Index (-DI) at 17.9, showing That buyers Still retains the edge.

However, the Average Directional Index (ADX) is 21. This indicates moderate trend strength despite the recent recovery push. For XRP to take off convincingly, the ADX must rise, indicating increasing bullish momentum.

Bitcoin and Ethereum price forecasts

Notably, Cage’s disclosure also included targets for other key assets. Bitcoin, the market leader, could reach $150,000, a 52.7% increase from its current price of $98,174. It is also believed that Ethereum could rise by 47.4% to reach $5,300.

Furthermore, HBAR is expected to see the highest listing increase of 93.4%, reaching $0.588. It sees Solana rising 69.3% to $364, while SUI rises and It could gain 51.7% to $7.65.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.

https://thecryptobasic.com/wp-content/uploads/2024/12/TCB-001-2024-12-05T105301486.png

2025-01-05 16:54:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button