XRP price has continued to stay in the red, as investors appeared to have taken a pause amid the holiday sentiment. However, as the crypto still holds above the brief $2 mark, the experts remained optimistic about the long-term trajectory of the coin. A top expert has recently predicted a potential rally for Ripple’s native crypto in 2025, which could push the crypto to a new high of $11.
XRP Price Eyes Rally To $11
The XRP price is likely to end the ongoing year on a low note after a robust rally over the past few months. However, despite that, the experts have maintained a bullish outlook for the crypto, showcasing their growing confidence towards the asset amid a flurry of positive market developments.
For context, top expert Ali Martinez recently said that the crypto is gearing up for a massive rally ahead. In a recent X post, Martinez said that “one of the most promising setup” for XRP appeared as we are entering the New Year. Besides, he predicted that this setup indicates a potential rally for Ripple’s native crypto to $11 over the next few months.
Source: Ali Martinez, X
This comes in tandem with other expert’s forecasts, which also indicate a potential rebound in the crypto’s price ahead. For context, popular crypto market expert EGRAG CRYPTO recently said that Ripple’s coin could target the $4 next if it holds above the brief $2 support.
On the other hand, other positive market developments also suggest a potential rally for the asset. For context, a flurry of market participants anticipates the dismissal of the XRP Lawsuit under the incoming US SEC Chair Paul Atkins. If this holds true, this could significantly boost the investors’ sentiment, which in turn could also push the price higher.
Market Sentiment Remains Strong For Ripple’s Coin
XRP price today slumped about 1.2% and exchanged hands at $2.03, while its one-day trading volume rose 47% to $6.11 billion. Notably, the crypto has maintained the $2 over the last 24 hours, while touching a high of $2.14 in the same timeframe. Besides, Future Open Interest for Ripple’s coin was up 2% despite the recent dip in price, according to CoinGlass data.
Simultaneously, a flurry of market experts also remained confident about the future trajectory of the coin. In a separate X post, Ali Martinez said “The Bollinger Bands are squeezing on the XRP daily chart”, which suggests a “big price movement” ahead.
Source: Ali Martinez, X
On the other hand, another top expert Dark Defender recently said that as long as Ripple’s native crypto holds above the $1.95, “a breakout is imminent.” Besides, he has also set an initial target of $5.85 for the crypto. In addition, he also said that the crypto could face a correction in the daily charts for around 10 days.
Source: Dark Defender, X
However, he also noted that a “bull flag” appeared for the XRP price. This indicates that once the correction phase for the crypto is over, it could potentially rally to $8.65 next. Despite that, investors should remain cautious, as a recent Ripple price analysis hints at a potential crash to $1 ahead, before a strong recovery.
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