Ripple has marked the end of 2024 with its mark. Entering a consolidation phase since the beginning of December, many questions remain regarding the continuation of its movement. Can XRP still surprise in 2025?
Exemplary resilience, watch out for the upward bias
It is Wednesday, January 8, 2024 and the price of XRP is moving around $2.32.
Our last technical analysis of XRP dates back to Tuesday, December 10, 2024, when the price of this crypto was moving around $2. At the time, our thesis was counting on a potential bullish impulse towards Ripple's all-time high. A long wait, therefore, for those who are still aiming for $3,317.
This situation is not specific to XRP, however, since the entire market has been consolidating since mid-December. In this context, the asset is performing quite well, managing to maintain key levels while remaining resilient against Bitcoin. The pair facing the “king” is still moving in range, but seems to want to adopt a positive polarity, more favorable to outperformance.
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From a speculative point of view, the XRP token remains one of the most popular assets among traders, with volume on derivatives markets approaching $8 billion over the last 24 hours. However, open interest, which measures the total capital committed to derivative contracts, has fallen 40% since its peak in early December.
Financial commitment on derivative markets has thus returned to more reasonable levels for this asset. The funding data, reflecting the gap between the spot price and perpetual contracts, nevertheless indicates a bias: each upward movement in recent days causes an increase in funding costs. This behavior could encourage continued consolidation in the short term.
Still in 4th place in the ranking of cryptocurrencies, with a capitalization of $134.27 billion, the XRP token continues its leadership at the start of 2025. But where are we, from a technical point of view, on this asset?
| Pairs with XRP | 24 hours | 7 days | 1 month |
| XRP/USDT | -3.60% | +9.50% | -1.60% |
| XRP/Bitcoin | +2.40% | +7.40% | +1.50% |
👉 The best sites to buy Ripple (XRP)
Soon the end of consolidation?
The consolidation on XRP began at the beginning of December, following a particularly violent impulse which saw the asset increase by more than 400% in just 4 weeks. This type of movement is not unusual for the Ripple token, especially during major bullish phases of the crypto market.
However, this iteration presents a different character, marked by an unprecedented resilience : until then, each of these impulses had resulted in rapid and violent corrections. It is therefore possible that the situation follows another pattern and that XRP begins a natural “cooling” phase before resuming its upward progression. Such a scenario could surprise and confuse many observers.
The Bollinger bands support the hypothesis of a consolidation preceding a new phase of volatility: they tighten in daily units, demarcating a range between 2 and 2.50 dollars, while they remain significantly more open on a monthly and weekly basis. .
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This configuration suggests a reduction in short-term volatility, while retaining medium and long-term volatility potential. Given the direction of the initial impulse, the probability of a bullish continuation remains higher than that of a correction.
However, the 50-day moving average is quickly approaching the price, implying decision-making in the coming days. XRP could rely on this dynamic support to cross $2.50, marking a new high above the previous one, while breaking the bearish channel.
Conversely, if the asset fails to revive in contact with the 50-day moving average, the price could continue to evolve in the bearish channel and exert strong pressure on the $2 support.
While this support remains strong, it could eventually give way, driving the asset towards weekly dynamic supports. A negative point lies in the limited number of exchanges which allowed XRP to exceed 2 dollars; The first demand zone therefore lies between $1.30 and $1.60, where the price could also cross the 20-week moving average and the 0.618 Fibonacci retracement.
XRP daily price chart
In summary, XRP surprises with its resilience in a market that is lateralizing and showing signs of slowing down. The Ripple token could soon provide us with information in contact with the 50-day moving average. Can it restart its upward momentum under the impetus of this support, or will it fall into a more prolonged correction or consolidation phase?
So, do you think XRP can cross $3 in this cycle? Don't hesitate to give us your opinion in the comments.
Have a nice day and we’ll see you next week for a new analysis of XRP.
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Sources: TradingView, Coinglass, Glassnode
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Analyst at Cryptoast Research for several years, I carry out in-depth monitoring of the crypto market to analyze the next narratives while keeping an eye on the financial markets.
Emmanuel Lazaro
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