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XRP Price Drops 6% To $2.13, Falls Below Key 20-day EMA Support Level
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Bitwise offers scenarios for 2025: $4.48 bullish vs. $1.82 bearish
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Analyst TehThomas predicts a potential bounce to $2.80+
XRP has been the topic of discussion since the SEC dropped its lawsuit against Ripple over past XRP transactions. This major regulatory development, however, has not yet led to the significant price increase many expected for XRP.
According to CoinMarketCap, the token is currently trading at $2.13. This represents a 6% decline in 24 hours. XRP suffered a sharp drop after reaching a high of $2.50 on the weekly chart. It lost support at the Exponential Moving Average (20-day EMA) around $2.17. This price action sparks a debate about whether XRP will continue to fall or is positioning itself for a major recovery.
Bitwise 2025 Scenarios: Tokenization Boom vs. Institutional Lag?
Bitwise, an investment firm, recently released a study that explored potential price paths for the XRP currency through 2025. Their analysis suggests that outcomes are heavily dependent on XRP’s adoption momentum, especially for payments and in the broader market of digital asset tokenization (projected to reach $11 trillion by 2030 by some).
In Bitwise’s bullish scenario, the XRP price could reach $4.48 at year-end 2025 if it captures a small portion of this growing market. Their analysis shows a more stable growth outlook, which projects $3.90 per XRP if payment services like those offered by Ripple continue to grow.
Bitwise said that if XRP does not gain significant institutional support, the price could fall to $1.82.
RelatedXRP’s $2.22 Support Level: Make-or Break Level for a Bullish $15.00 Scenario
Chart Analyst Sees Bullish Pattern: XRP in ‘Golden Pocket’?
TradingView analyst TehThomas presented a different setup of XRP. He offered a contrasting and potentially more bullish near-term technical view. He notes that the asset is currently trading within what appears to an ascending channel pattern. This pattern is often characterized by higher lows and higher highs, indicative of an uptrend.
TehThomas points out that XRP is now within the 0.618 to 0.65 Fibonacci retracement range of a previous upward move. Chart analysts have historically viewed this area, known technically as the “Golden Pocket,” as a potential reversal zone or support. He also notes that the price aligns to an “imbalance area,” suggesting that price could naturally revisit these levels before possibly resuming a trend upward.
Bounce to $2.80 possible? Indicators show neutrality
TehThomas forecasted that XRP could rally by approximately 20% to the $2.80-2.90 resistance range if it successfully holds its current levels within the Golden Pocket zone.
Current daily indicators provide context. The Relative Strength Index is near 52, indicating a relative balance of buyers and sellers. However, its recent downward gradient suggests increased sell-side pressure.
Related:Misinformation vs reality: Clarifying XRP’s actual role in global payments
XRP’s prices also trade near the Bollinger Bands mid-line. This can often indicate a possible consolidation phase. The Bollinger Bands define key levels. A break below the support near $2.10 may result in a test of lower band (around the $1.44 mark), while a convincing movement above resistance near the $2.36 mark is required to trigger a stronger rally.
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