XRP, the fourth-largest cryptocurrency, might face significant volatility in 2025 as analysts note the formation of a key chart pattern hinting at major price movements.
Current XRP Price Situation
XRP continues trading within a symmetrical triangular pattern, indicating a balance of supply and demand. At the time of writing, XRP was trading in green amid an ongoing market sell-off, up 1.61% in the last 24 hours to $2.35. If the XRP price breaks and closes above the barrier at $2.50, it might spark a rally to $2.72 and then to $2.90. In contrast, a break and close below the support line at the daily SMA 50 at $2.21 might trigger a fall to $1.62.
Chart Analysis and Forecast
Market analyst CoinsKid noted a pennant forming on the XRP price chart, suggesting a possible breakout. Pennants are continuation patterns where prices consolidate after strong moves. A potential breakout from this pattern could propel XRP's price to $4 — a 70% increase from its current value.
XRP Metrics Inspire Optimism
A slew of XRP metrics have flipped bullish at the start of 2025. According to the on-chain analytics platform Santiment, XRP saw a 1% increase in holders, adding 58,000 wallets. This is viewed as bullish, indicating long-term confidence in the project. Across social media, sentiment for crypto's largest market caps has been shifting, with Santiment noting an 18% market cap rise for XRP in the first three days of the year, maintaining strong performance compared to other altcoins.
Price and on-chain metrics indicate potential significant XRP volatility in 2025. Emerging chart patterns and rising token holders solidify XRP's position in this year's crypto market.
