The cryptocurrency market continues its downward momentum. Major assets are in the red zone, with Bitcoin (BTC) falling below the $94,000 mark. Ripple’s XRP token follows the current market trend, facing a considerable correction over the last few weeks.
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Current Price Movements
Ripple’s XRP token breached the $2 mark earlier this year for the first time in nearly seven years. XRP continues to trade above the $2 mark but has faced quite a correction. The asset’s price is down 4.9% in the daily charts, 5.8% in the weekly charts, and 13.3% in the 14-day charts. Despite the dip, XRP has maintained some gains in the other time frames. The fourth-largest crypto by market cap has rallied 9.9% over the previous month and 235.5% since December 2023.
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XRP To Breach $4
According to the analysts at CoinCodex, Ripple’s XRP token will consolidate around current levels for the next two months. The platform anticipates XRP to break out in early March 2025. CoinCodex predicts XRP will trade at $4.42 on Mar. 16, 2025, a new all-time high. Hitting $4.42 from current price levels will entail a rally of about 112.5%.
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Changelly, on the other hand, is quite bearish on XRP. The platform anticipates XRP to trade at a potential maximum price of $2 in March 2025. Reaching $2 from current price levels will entail a dip of about 3.85%.
There is a possibility that the crypto market will experience a rally in 2025 after Donald Trump’s inauguration on Jan. 20, 2025. Trump has been very supportive of the crypto industry, and many anticipate an extended bull run under his leadership. How XRP performs over the next few months is yet to be seen.
