XRP’s price action has been marked by extreme volatility over the past few weeks, owing to the numerous ups and downs in the broader market.
The token which initially achieved a new all-time high of $3.33 on January 16, 2025—four days before the inauguration of Donald Trump—has been experiencing sideways movement since retracing to $3.1.
At press time, the XRP price is oscillating between $3.09 to $3.10, representing nearly 5% drop from its seven-day high. More so, according to CoinmarketCap, the token’s daily trading volume has plummeted 23% to hover around $7.2 billion, indicating a massive drop in market activity.
However, with the Fed’s latest decision not to cut or hike interest rates, sidelined investors are now watching closely and eager to know the next direction in which the XRP price is likely to go.
Should they buy at $3 or anticipate a better entry point?
XRP Enters Consolidation Phase – Can It Break Out Soon?
The XRP/USD daily chart suggests that the market is consolidating. It trades at $3.10, slightly above the 50-day moving average ($2.57) and the 200-day moving average ($1.22), indicating that the bullish momentum is still intact.
However, the past few days have seen XRP trading sideways, with the price fluctuating between $3.06 and $3.14 without any significant upward or downward movement. This price action mirrors that of other high-cap altcoins too, indicating that the same overall market dynamics are in play.
The chart also shows strong support at $2.66, which aligns with the channel’s lower boundary. If this level holds, it could provide a foundation for the next upward movement. Nevertheless, the resistance level at $3.40 is a critical target for bulls. A breakout above this level could trigger a significant rally, potentially pushing the price toward $3.50 or $4.
However, the recent decline in its trading volume suggests that the market may need stronger buying pressure to break through this resistance. Failure to break above $3.40 in the short term might lead to further decline toward $2.92 and $2.69, allowing traders to accumulate positions.
Technical Indicators Flash Bullish In XRP Market
XRP’s RSI is currently fluctuating between 56-58, indicating a major wave in purchases. With the Fed deciding not to hike interest rates, bulls could be encouraged to exert more pressure and engineer a big bounce for XRP.
This possibility could help the token break out of its current resistance level to hit $3.4.
However, in the event that the buying strength diminishes and sellers gain control, the token is more likely to lose its $3 support.
Should Sidelined Investors Buy XRP At $3 And Hold Or Wait For A Better Entry?
In spite of its volatile price action over the past couple of days, XRP continues to be one of the best bets heading into the eagerly-anticipated altcoin season, thanks to its strong technical indicators, Ripple’s rapidly growing institutional adoption, and the widely speculated “American-first” crypto strategic reserve.
In fact, in terms of price performance, it has fared better than most large-cap altcoins including SOL, BNB, DOGE, and ADA over the past week, further demonstrating its resilience amid volatile market conditions.
That being said, a zoomed-out look at the XRP chart shows that the $3.05 – $3.10 range offers the perfect entry opportunity for sidelined investors as the token could see a big pump soon.
Top crypto traders are already expressing bullish views, emphasizing its potential to reach a new ATH in the coming weeks. In fact, one trader known on X as CryptoBull says it will only take seven more days before XRP moves to $4.
XRP Price Prediction – Can It Reach $10 Before The End Of Q1 2025?
XRP’s price performance for the remaining part of Q1 2025 will be underpinned by many factors, including the possible approval of XRP ETF filings, Ripple’s activities in the stablecoin space, and the implementation of the rumored “America-first” strategic crypto reserve.
Also, indications have emerged that Ripple and the civil actions against it have been removed from the SEC’s records following Gary Gensler’s exit from the agency. The removal has been interpreted by market analysts as another bullish signal for XRP.
As a matter of fact, there is a growing optimism that the regulatory breakthrough will significantly boost the XRP price when the broader market conditions turn bullish enough.
These factors have been the reasons why most price predictions for XRP have been positive.
Therefore, in the event that Ripple gains more ground in the stablecoin space and XRP ETFs and strategic reserve come into fruition, it is more likely that its price could reach the $10 level before the end of Q1 2025.
Best Wallet Could Be The Best Spot To Buy XRP
Rather than going through the long, tedious process of buying XRP via a centralized exchange, sidelined investors looking to get in quickly before it resumes its upward trajectory can try out Best Wallet – a top-tier non-custodial wallet enriched with groundbreaking trading features.
Best Wallet is built with user convenience in mind, allowing mobile users to buy, sell, and trade XRP and other supported cryptos with a few clicks. The account creation process is quite simple, straightforward, and can even be completed in less than 30 seconds, thanks to its no-KYC posture. This makes it the perfect pick for those who cherish their privacy above any other thing.
Also, Best Wallet sees security as a top priority and has integrated the latest and industry-standard technologies like cryptographic tools, multi-factor authentication, biometric verification, and much more to combat potential cyber attacks. Moreover, considering its flawless track record in terms of security, traders can rest assured that their assets are fully secure.
Basically, the self-custody wallet supports more than 60 blockchains, empowering users to manage their diverse assets without the hassle of navigating multiple wallets. There is also the Best DEX, incorporated into the wallet ecosystem to ensure seamless cross-chain token swaps.
Those looking to diversify into promising cryptos at their earliest stages can take advantage of its “Upcoming Tokens” feature. This advanced functionality will curate a list of trending projects and alert interested investors so that they can get in early and make the most profit.
Tying all these features together is Best Wallet Token—the native token of the ecosystem that has been seeing high demand in presale. Holders of the token can anticipate several benefits within the platform, including reduced transaction fees, higher staking rewards, governance rights, and exclusive access to Stage 0 projects, making it a worthwhile investment.
With over $8.6 million raised, the Best Wallet Token presale is generating a lot of buzz among investors. Reputable publications like FinanceFeeds have covered the token.
Cilinix Crypto, a prominent voice in the cryptocurrency space, recently made a bullish case for the token, describing it as the next gem in the wallet crypto market segment.
Those interested in this utility-driven token can buy through the dedicated presale page or the Best Wallet’s “Upcoming Tokens” facility.
