Analyst EGRAG Crypto highlights XRP's mixed prospects, emphasizing the importance of monthly and weekly closures for bullish momentum in 2025.
Monthly Timeframes: December Close's Pivotal Role
XRP shows potential for a bullish breakout across multiple timeframes. According to analyst EGRAG Crypto, the December monthly close is pivotal. If XRP closes above $2.2, it could avoid bearish formations and rally in January 2025.
Weekly Timeframes: Strategic Resistance Levels
The weekly timeframe offers crucial insights into XRP’s trajectory. A weekly close above $2.44 could spark explosive growth in early 2025. Key support at $2 remains intact, maintaining the bullish market structure.
Lower Timeframes: Bulls and Bears Clash
Lower timeframes highlight price battles at $2.53–$2.17. Bulls defending $2 have strengthened support. Short-term charts like the 8-hour and 2-hour suggest an imminent breakout, backed by Bollinger Bands and Elliott Wave patterns.
XRP shows promising signs of a bullish market, though staying above key levels in December is crucial to solidifying foundations for 2025 growth.
