XRP Price Prediction 2025, Could It Rise to $1.25?
2024-10-03
Bittime - XRP Price Prediction 2025, Could It Rise to $1.25? Ripple cryptocurrency or XRP, is back in the spotlight after the decision in the case between the SEC and Ripple on August 7, 2024. This price prediction is inspired by the analysis provided by CCN.com.
Ripple Penalized Again by SEC?
Ripple was hit with a $125 million penalty. New York Judge Analisa Torres imposed the fine after finding that the sale of XRP to institutions violated securities rules more than 1,000 times.
In addition, Ripple is also prohibited from committing similar violations in the future.
Ripple vs SEC Case Brief Details
On July 13, 2023, a judge ruled that crypto is not a security as long as it is sold on a crypto exchange. The ruling ended nearly three years of legal wrangling, although the U.S. Securities and Exchange Commission (SEC) was only partially successful in its attempt to classify XRP as a security.
Ripple CEO Brad Garlinghouse hailed the ruling as a victory for Ripple, the crypto industry and the rule of law, despite his company having to pay a large fine and having been found guilty of more than a thousand violations.
On October 3, 2024 , crypto asset management firm Bitwise filed an application to create an XRP Exchange-Traded Fund (ETF) with the SEC. On the same date, the price of XRP was at $0.589 (Rp. 9,070.60).
Here is the XRP price prediction based on the analysis on October 3, 2024 .
XRP Price Prediction, Could It Rise to $1.25?
Here is CCN ’s Ripple (XRP) price prediction for October 3, 2024. It’s important to remember that price predictions, especially for something as volatile as cryptocurrency, should always be treated with caution.
XRP Price Prediction 2024
In 2024, XRP is expected to move within a certain price range, with a symmetrical triangle pattern indicating a potential average price of around $0.80 (Rp. 12,320).
If the bullish trend continues, the price could reach $1.10 (Rp. 16,940), but if it fails to break through the resistance level, XRP may retest the low level around $0.50 (Rp. 7,700).
Also read Today's Ripple XRP to IDR Calculator
XRP Price Prediction 2025
By 2025, as the crypto market matures and XRP utility increases, the average price could reach $1.20 . A strong uptrend could push the price to $1.50 , but in the event of a market pullback or regulatory issues, the price could remain around $0.70 .
XRP Price Prediction 2030
By 2030, a stronger market position and increasing use cases could support an average XRP price of $2.00 (Rp. 30,800).
With bullish momentum and supportive market conditions, the price could increase to $3.50 (Rp. 53,900).
However, in a conservative scenario with slow growth and market volatility, the minimum price is expected to remain at $1.20 (Rp. 18,480).
XRP Price History Analysis
In July 2024, the price of XRP jumped from $0.38 (Rp. 5,852) to $0.66 (Rp. 10,164) before forming a symmetrical triangle pattern, indicating a corrective phase with a potential breakout or rejection at the resistance level.
If the corrective phase continues, XRP may form a higher low, completing the ABCDE pattern , and targeting $0.80 (Rp. 12,320). The potential bullish movement could take the price to $1 (Rp. 15,400).
Weekly Prices to Today (October 3, 2024) Bittime Market
Also Read Buy Ripple Today XRP to IDR
XRP Short Term Price Prediction October 2024
The hourly chart shows that a new wave five of the impulsive pattern started on July 5 , with the third wave starting on September 6 .
A breakout above resistance could signal a fifth wave and a larger uptrend. Based on the 1.618 Fibonacci extension, the price target is $0.86 , with the potential to reach $1 for the final wave.
The recent 12% decline from its peak suggests that there is reason to remain cautious, as further declines may invalidate the bullish view.
However, if there is a recovery, it could signal a retest of support and indicate further upside movement.
Volatilitas XRP: Average True Range (ATR)
Average True Range (ATR) measures market volatility by calculating the average of several values, such as the difference between the current high and low, and the absolute value between the previous closing price and the current high or low, usually over a 14-day period.
An increasing ATR indicates increasing volatility, while a decreasing ATR indicates decreasing volatility.
As of October 3, 2024 , XRP's weekly ATR is at 0.0287 (Rp. 442.98), indicating low volatility.
Relative Strength Index (RSI) XRP: Is XRP Overbought atau Oversold?
The Relative Strength Index (RSI) is a momentum indicator used by traders to determine whether an asset is overbought or oversold.
Movements above 70 and below 30 indicate overvaluation and undervaluation, respectively. Movements above or below the 50 line also indicate whether the trend is bullish or bearish.
As of October 3, 2024 , XRP's RSI is at 50 , which indicates neutral sentiment.
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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
