Key Takeaways
- XRP holders could become millionaires, rewarding its holders as bullish patterns emerge, pointing at the $5 mark.
- Steph, the crypto on X, took to his handle to predict XRP could hit $5 as the price is on the brink of Bollinger Band breakout.
- Despite declining prices in the past few days, Ripple’s overall price action remains bullish for holders.
The cryptocurrency market witnessed the rise of Ripple (XRP) with over 3 years of downtrend as the most talked about cryptocurrency after Bitcoin and Ethereum rallied by over 350% between November and December 2024 to create much buzz despite its past legal battle with the U.S. SEC (Securities and Exchange Commission).
Investors and crypto analysts were surprised by such price rallies and momentum as XRP rallied to reclaim its market cap as the third cryptocurrency by market capitalization. Investors and analysts believe the Ripple (XRP) rally is more than over.
There are so many factors that have given XRP holders and its community much positive assurance that XRP could be a game-changer in the coming month as it has shown tremendous price action within a short time coupled with the launching of its ecosystem stablecoin Ripple stablecoin (RLUSD) pedded on a 1:1 to the U.S. dollar.
Crypto Analyst Suggests XRP On The Verge Of Bollinger Bands Breakout
According to StephTheCrypto on X suggested that XRP holders could become early millionaires as the price of XRP is on the verge of a breakout from its 4 hours Bollinger Bands as previous breakouts led to the price of XRP rallying by 53%, 113%, and 102%. Steph predicted XRP could rally to a high of $5 or more, around 120%.
Despite the price of XRP dropping towards $2.2, the price has held on strong, forming a bullish flag pattern and breaking out, but lacked volume to sustain such a price breakout as bulls would be looking to build more momentum for the Ripple price rally.
Although the price of Ripple (XRP) broke out of its bullish ascending triangle before the launch of its stablecoin RLUSD, it failed to rally higher as the price of XRP dropped into its range price zone of $2.3.
Ripple’s (XRP) current setback is nothing compared to its rally as the price of XRP continues to look strong ahead of 2025, and many XRP holders believe $5 is the lowest price XRP would attain.
Ripple’s Current Market Outlook
Source – XRP Price Chart From TradingView
Despite the cryptocurrency market suffering a price decline in the past few days, Ripple (XRP) has not been left out.
The price of XRP dropped to its bullish chart pattern prior to its breakout as bulls failed to hold prices above $2.7. Ripple’s (XRP) remains bullish on all timeframes, as a breakout above $2.7 and a bullish close could signal bulls pushing the price higher to $5.
Although the price of XRP could look short of making such a move before 2024 ends, there are high chances of XRP rallying above $3.5 to $5 in 2025 and even higher as the bull cycle intensifies with its price rally across the crypto market.
