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In January 2025, Ripple’s XRP appears ready for a significant increase, according to crypto data. Since the beginning of the year, XRP has already risen by 7%, extending its rally that began during the New Year’s celebrations. This increase is supported by five major elements, which will allow XRP to reach new heights in the coming days.
Crypto – Is XRP ready to reach a new peak?
Crypto data shows that XRP is poised to break new highs at the beginning of 2025, driven by 5 key factors.
- Accumulation by long-term holders:
Long-term holders (LTH) of XRP have resumed accumulation, outpacing sellers on major crypto exchanges since the beginning of 2025, thus supporting the price increase.
- Increased buying pressure:
On-chain data from the last 24 hours shows dominant buying pressure, with net outflows of XRP on major exchanges (Binance, OKX, Bitstamp, and Bybit), indicating strong demand for the crypto.
- Breaking through key resistances:
XRP may test resistance at $2.9 after breaking through a symmetrical triangle pattern, paving the way for new historical highs.
The possible appointment of Paul Atkins, pro-crypto, to head the SEC on January 20 could reduce regulatory hurdles for Ripple, favoring a rise in XRP.
After a 12% increase in the price of XRP on Wednesday, crypto investors realized over $1 billion in profits, but long-term holders continue to accumulate, thus supporting the bullish trend.
Future Outlook
With these five major elements, XRP is well-positioned to reach new highs in January 2025. Furthermore, crypto analysts are confident and indicate that the resistance level at $2.9 is entirely possible for Ripple, which could see its price soar beyond this limit. However, Ripple’s upcoming release of $300 million in XRP could lower prices. As Ryan Lee, chief analyst at Bitget, thinks:
The anticipated release by Ripple of $300 million in XRP has the potential to create significant impacts on the market, primarily due to the increase in supply, which could exert downward pressure on its price. This move could raise concerns among investors if it is interpreted as a need for liquidity or market manipulation, triggering fear, uncertainty, and doubt (FUD) that could lead to massive sell-offs.
In summary, XRP appears ready for a rally in January 2025, supported by continued accumulation from long-term holders and dominant buying pressure on major exchanges. If this crypto trend continues, XRP could break through the resistance at $2.9 and target $100 in 2025.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
