Price XRP Targeted to Rise to $13 in the Near Future, Can It Be Achieved?

Bittime - Many market observers highlight the potential hRipple (XRP) price after showing significant upside potential. The price of XRP is currently around $2.42 (Rp. 39,204). Will XRP be able to rise to $13 in the near future? Read this XRP price prediction article.

XRP is projected to reach the ambitious target of $13 (Rp. 210,600) in the near future, thanks to technical patterns that support the bullish trend. This projection invites enthusiasm among investors, including 'whales' who have made large accumulations of this token.

Pola Ascending Triangle 

Analysts note that XRP is currently forming an ascending triangle pattern, which means it is a technical pattern that is often followed by upward price movements. 

If XRP is able to break through the main resistance level, the initial target is estimated to be in the range of $3.7 (Rp. 59,940) to $4.2 (Rp. 68,040). The probability of this breakout occurring is estimated at 60-70%.

Additionally, this pattern forms part of a larger pattern known as Bullish Pennant, which could push the price of XRP to higher levels. Based on historical analysis, XRP tends to exceed its initial technical targets by 10-15%, so a price of $4.2 (Rp. 68,040) is not the final limit.

$13 Price Projection and Profit-Taking Opportunities

If the Bullish Pennant pattern is confirmed, the price of XRP has the potential to soar to $13 (Rp. 210,600), with a strategic profit-taking range between $8 (Rp. 129,600) to $13 (Rp. 210,600). 

However, some analysts added that there is a possibility of the price even reaching $15 (Rp. 243,000), especially if market sentiment remains positive.

Key Levels: Resistance and Support

Dark Defender, a leading crypto analyst, highlighted that the key resistance levels are at $4.11 (Rp. 66,462) and $5.85 (Rp. 94,770). If this level is successfully broken, XRP could experience a price surge of 78% to 145%. 

Conversely, support levels are at $2.13 (Rp. 34,506) and $1.88 (Rp. 30,456), providing a protection zone for investors if bearish pressure occurs.

Whale Accumulation and Market Sentiment

Accumulation action by whales continues to support XRP's bullish outlook. During the period when the price was at $2.22 (Rp. 35,964), as many as 120 million XRP tokens worth $288 million (Rp. 4.66 trillion) were purchased by large investors. This activity reflects market confidence in the long-term upside potential.

Even though volatility still looms, optimism regarding XRP remains high. If this positive momentum continues, the ambitious target of $13 (Rp. 210,600) is not impossible to achieve.

FAQ 

What is XRP?

XRP is a crypto asset developed by Ripple Labs.

XRP price is targeted to rise to how many dollars?

XRP is projected to reach the ambitious target of $13 (Rp. 210,600) in the near future.

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Reference

CoinMarketCap, XRP, Accessed January 5, 2025

The Coin Republic, Is XRP PRice Poised to Breakout to $13?, Accessed January 5, 2025