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Will XRP Price Rise Or Drop In The Next 90 Days?
Crypto analyst Egrag Crypto has provided insights into whether the XRP price will rise or drop in the next 90 days. This came as the analyst revealed his target projections for XRP by March 2025, which coincidentally falls within this timeframe.
XRP Price Could Rise In The Next 90 Days
The XRP price could rise in the next 90 days based on Egrag Crypto’s recent prediction. The analyst predicts that XRP could rally to $6.4 by March 2025. He made this bullish Ripple price prediction based on a Linear Regression Channel, which he highlighted on the chart.
This Linear Regression creates a channel around the trendline that captures approximately 68% of price movements. In line with this, the analyst stated that XRP is projected to reach the top end of the Regression Channel at approximately $6.4 by March 2025 or earlier.
Egrag Crypto noted that this price surge aligns with Fib 1.618 for strong confluence. Furthermore, the analyst predicts a potential overshoot. He remarked that a breakout above the Regression Channel could push XRP to around $8.5.
This rally to $8.5 corresponds with Fib 1.272, signaling extended bullish momentum. Egrag Crypto also discussed the intermediate target, noting that $4.4 is an important milestone tied to the Fib 1.414.
Meanwhile, the crypto analyst opined that any target between Fib 1.414 and 1.618 would represent the blow-off top of this cycle. This means the XRP price could top between $13 and $27 in this bull run.
Egrag Crypto recently explained that XRP could reach the $27 price target. The crypto experienced a greater price explosion in the 2017 bull run, so the crypto analyst is confident that XRP can record a fraction of the 2017 gains.
The Rally Could Extend To May
The XRP price rally could extend to May based on another Ripple price prediction by Egrag Crypto. In an X post, the crypto analyst raised the possibility of XRP reaching $15 by May 2025. The analyst explained that the Fibonacci 1.618 suggests that May 5th could be a pivotal date for XRP.
While whether XRP reaches this target remains unknown, the crypto analyst remarked that the trend-based Fib time is pointing in this direction. This rally to $15 could happen on the Wave 5 impulsive move, which Egrag Crypto stated typically ranges between 1.236% and 1.618% of Wave 4. It can also equal Wave 1 or 61.8% of Waves 1 and 3.
If so, the Ripple price could surge by over 300%, sending it to around $15. While the outlook for XRP is bullish, a recent CoinGape XRP price analysis highlighted five reasons the crypto is still at risk of crashing to $1.
These reasons include Bitcoin’s weakness and bearish indicators. XRP’s network activity and daily active addresses have plummeted, while Whales are also offloading their coins, which could put significant selling pressure on XRP.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The Ripple SEC case is in debate again as the deadline for the U.S. Securities and Exchange Commission (SEC) to file its initial brief approaches. A former US SEC lawyer said the parties will likely settle as ruled earlier by Judge Analisa Torres. The incoming Donald Trump administration and SEC Chair Paul Atkins may decide to not pursue the appeal in XRP lawsuit.
Ex-SEC Lawyer Says Settlement in Ripple SEC Case Most Likely
Marc Fagel, a former SEC enforcement attorney, on January 6 posts explained to the crypto community that the government agency didn’t lose, but won in part and lost in part. This requires a settlement between parties as both Ripple and SEC appealed the part they lost.
“Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal,” he added. The court ordered Ripple to pay $125 million in penalty for $700 million in unregistered securities sales to institutional investors.
Marc Fagel asserts the odds of new SEC administration deciding not to pursue the appeal is higher, which will make parties settle Ripple SEC case on what the court ruled. However, he affirmed that the SEC under Gary Gensler will file appeal by January 15.
Pro-XRP Lawyer Expect May End Timeline for XRP Lawsuit
As reported first by CoinGape Media, lawyer Jeremy Hogan has predicted an April or May timeline for the end of the Ripple SEC case. He added that the decision may not come before that as it takes a lot of time to get reports, memos, requisite SEC meetings and others.
Today, he again commented that Paul Atkins will definitely drop the appeal and settle with Ripple to end XRP lawsuit in 2025.
I definitely think that’s the most likely scenario (with the Ripple case being a non-fraud/no investor’s harmed case). Like most of these things, it’s just the timing that is difficult to lock down – maybe April or May?
— Jeremy Hogan (@attorneyjeremy1) January 5, 2025
What’s Next Under Paul Atkins?
Experts and the crypto community believe the end of Ripple SEC case will boost the odds for XRP ETF approval. This may also trigger a rally in XRP price.
CEO Brad Garlinghouse in a post on Sunday criticized the SEC under Gary Gensler saying the actions “froze our business opportunities here at home for years.” He highlights that 75% of Ripple’s open job roles are now US-based and the company has signed new deals in the U.S. in the last six weeks.
“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again.”
Meanwhile, analysts expect XRP price to see another rally to double-digit figures, similar to a 400% rally after Trump’s re-election.
In short-term, XRP price to consolidate at the current range for weeks and then rally towards a new all-time high, as per analyst CrediBULL Crypto. “Currently trading at around where I closed my last long. We’ve taken some liquidity above us into local supply. Currently eye-ing up the orange zone for another potential long trade,” he predicted.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The Shiba Inu community has reverberated a strong market buzz across the broader crypto sector on Monday, confirming the TREAT token launch date. Notably, the coin’s marketing lead, Lucie recently revealed that the token launch is set to take place just 8 days ahead. In turn, market participants are now immensely enthusiastic about the overall performance of SHIB in the coming days.
Shiba Inu Community Discloses TREAT Token Launch Date
A significant buzz across the Shiba Inu community has prevailed as the week kicks off, primarily as renowned community members spotlighted the TREAT token launch date. According to an X post by Lucie as of January 6, the upcoming token launch is set to occur on January 14. This statement has sparked noteworthy market optimism surrounding the renowned dog-themed meme token’s ecosystem.
Notably, Shytoshi Kusama previously confirmed the TREAT token launch this month, as reported by CoinGape. Following the ‘SHIB: The Metaverse’ launch recently, this looming development has added optimism to the leading dog-themed token‘s endeavors.
However, flagging the upcoming launch, Kusama also warned against potential scams. Overall, the community members have unveiled the launch date, reverberating substantial optimism among traders and investors globally. Also, the upcoming token is also much-touted to be a revolutionary endeavor for the Shiba Inu ecosystem. As a result, market participants are also bullish, anticipating gains in SHIB price.
What’s Ahead For SHIB?
At the time of reporting, SHIB price traded at $0.00002409, down marginally by 0.22%. Its 24-hour low and high were 0.00002346 and $0.00002424, respectively. Despite the volatile intraday movement, market watchers remain optimistic about future movements in light of recent developments and the TREAT token launch. Notably, despite the slump in price, CoinGlass data showed that SHIB Futures Open Interest rose over 3% today.
Simultaneously, a recent Shiba Inu coin price analysis by CoinGape revealed that the coin eyes an extended consolidation ahead. This uncertain prediction comes against the backdrop of recent market technicals and whale movements.
Nevertheless, traders and investors are extensively eyeing the coin for further price action shifts amid recent ecosystem developments. In addition, the recent shifting focus toward the top meme coins has further fueled speculations over a potential rally ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Crypto market today looks bullish as Bitcoin crossed the $99,000 mark and is trying to touch $100,000 again after a two-week bearish trend. SPX6900 (SPX) and Filecoin (FIL) became the top gainers for today, with a 12% surge in price. Major altcoins also showed a positive trend, with most of the top 10 coins in green.
The global crypto market is also up by 1%, reaching $3.49 trillion. However, the trading volume has decreased by a minor 2%, standing at $83 billion. The Fear and Greed Index now shows a reading of 60, indicating that greed has overtaken fear in the market sentiment.
Crypto Market Today: Bitcoin Eyes $100K as Major Altcoins Show Positive Momentum
Crypto prices today showed a strong upward momentum, with Bitcoin (BTC) eyeing the $100K mark. Major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), each gained around 1% in the last 24 hours. Meanwhile, Bitcoin miner Marathon Digital Holdings (MARA) lent 16% of its reserves, driven by rising interest in BTC lending.
Bitcoin Price Today
Bitcoin price today was trading at $99,100, marking a 1% increase in the last 24 hours. Its 24-hour low and high were $97,314 and $99,265, respectively. The market cap stands at $1.96 trillion, with a trading volume of $24 billion. As per SoSo Value data, BTC ETF recorded a weekly inflow of $244 million, reflecting growing institutional interest.
Ethereum Price Today
Crypto market today showed Ethereum (ETH) price trading at $3,668, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,595 and $3,682, respectively. Ethereum’s market cap stands at $441 billion, with a trading volume of $15 billion.
XRP Price Today
XRP price today was trading at $2.40, showing an approximate 1% increase in the last 24 hours. Its 24-hour low and high were $2.33 and $2.43, respectively. Ripple CEO Brad Garlinghouse highlighted the positive impact that Donald Trump’s victory has had on the company’s operations.
Solana Price Today
SOL price was up by 1% today, trading at $216. Its 24-hour low and high were $211 and $218, respectively.
Top Crypto Gainers Prices Today
SPX6900
SPX price was up by 12% in the last 24 hours, trading at $1.48. In the past week, it surged by 63%. Its 24-hour low and high were $1.27 and $1.56, respectively. Crypto market today reflects SPX’s market cap of $1.38 billion and trading volume of $94 million.
Filecoin
FIL price was up by 12% and is among the top gainers for today, trading at $6.23. Its 24-hour low and high were $5.52 and $6.28, respectively. The market cap stands at $3.86 billion, with a trading volume of $424 million.
Besides this, Movement (MOVE), Injective (INJ), and Artificial Superintelligence Alliance (FET) also gained 8 to 10% in the last 24 hours. Crypto market today highlights that FET token could reach $3 amid its token burn plan.
Top Crypto Losers Prices Today
Virtual Protocol
VIRTUAL price was down by approximately 7%, making it the worst performer for today. It was trading at $4.10, with a 24-hour low and high of $3.96 and $4.40, respectively.
Hyperliquid
HYPE price was down by 3% in the last 24 hours, trading at $24.81. Its 24-hour low and high were $24.06 and $25.63, respectively. The market cap stands at $8.27 billion, with a trading volume of $90 million.
Other than that, BONK, WIF, and BEAM also declined by 3% to 4% in the last 24 hours. Crypto market today reflects a mixed trend, with some tokens facing sell-offs despite positive momentum in major cryptocurrencies.
Besides this, the hourly chart also looks bullish, with Bitcoin price and major altcoins turning green in the last hour. Fartcoin gained 5% in the past hour, indicating short-term positive momentum in the crypto market today.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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