As the Crypto market enters a new cycle with several large-cap coins posting early recovery indications, Investor sentiment appears to be changing, with the primary assets moving away from their lows. XRP has returned over a 63% gain YTD.
As such, this growth has been aided by renewed interest from the community as well as the increase in market momentum. The most important inquiry now is whether or not it can sustain this momentum and rise to new all-time highs. The coin is trading at $2.22, with an increase of 1.68% over the past 24 hours.
XRP’s daily chart from TradingView has shown the coin successfully reclaiming the $2.05 support level, while the RSI has recently crossed back over into the bullish region.
As well, the Moving Average (50) and Moving Average (200) are currently residing above XRP at $2.37 and $2.62, respectively, providing resistance levels for the coin, and will be critical for bulls to reclaim control above these two resistance levels. Currently, the coin’s price structure remains cautiously neutral until a breakout occurs above $2.37 or $2.62
The recent update on X by JackTheRipper has raised the question of whether the coin will have a new all-time high in 2025 due to its 63% increase in one year. This indicates increasing optimism; however, without a large increase in volume and continued strength in the market, just the positive sentiments do not amount to enough to make a new all-time high possible.
According to the prediction of CoinCodex, XRP will have its highest value in the month of November ($2.53) and decrease slightly in value for December ($2.24). If the coin were today’s price of $2.22, XRP’s expected price increase for November represents about a 14% expected gain based on its current price, which suggests that it will likely have sustained growth, but not explosive growth.
Overall, CoinCodex indicates that the longer-term trend will continue and is still expected to be lower than its all-time high of $3.84, indicating the need for much greater momentum for a future breakout and additional changes in market conditions to exceed current expectations.
In conclusion, the increasing price of XRP is due to the positive sentiment of users and will be more than double the price by 2025. However, according to CoinCodex, the price may increase to $2.53 in 2025, which represents an increase of approximately 14% over the current value and suggests that there may be limited upside.
To surpass its previous high of $3.84 reached in 2018, the coin would need to overcome significant resistance and establish regained long-term momentum through increased trading volume. There remains the potential for XRP to reach an all-time high again, but this will require a stronger catalyst before it occurs.
Also Read: XRP Positioned for Institutional Growth as GTreasury and Ripple Reveal Treasury Guide