XRP
A Look At Historical Price Alignments
In a technical analysis shared by crypto analyst Bobby A (@Bobby_1111888) on X, the analyst projects that XRP will potentially reach the $15 mark in this bull run, contingent upon historical price movement patterns aligning. The analysis delves into XRP’s past market cycles, applying percentage-based extrapolations and chart pattern assessments to forecast future price trajectories.
Is A XRP Price Of $15 Realistic?
Bobby A’s analysis juxtaposes XRP’s performance during its 2017 market cycle against its current 2024 trajectory. From the range-high breakout in 2017, marked by a horizontal black dashed line on the chart, XRP experienced an initial appreciation of 629%.
In comparison, the asset has appreciated approximately 331% since its range-high breakout in 2024. Extending further back, from the December 2014 high to the May 2017 peak—approaching the 4.236 Fibonacci extension—XRP saw a staggering 1,330% increase.
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Applying the principle of reducing percentage point increases by half, as observed from the initial surge in 2017, Bobby A posits that XRP’s next impulse could result in a 665% increase. This calculation positions XRP at an approximate $15.00 near the 4.236 Fibonacci extension level.
“XRP appears to be cutting its percentage point increases in half compared to its 2017 market cycle. If XRP cuts its next impulse in half from a percentage point increase perspective, as it did with this first one, it would put the asset’s price at roughly ~$15.00 near its 4.236 extension after a possible 665% increase,” Bobby A elaborates.
Notably, the analyst also notices a developing bull flag pattern, a continuation pattern that typically signals the potential for further upward movement. This bull flag is targeting the upper boundary of XRP’s macro parallel channel, estimated around the $10.50 price level. “The current bull flag the asset is forming targets the top of its macro parallel channel near $10.50,” Bobby A notes.
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Another analyst, bassii (@cryptobassii), responded with a contrasting viewpoint centered on fractal analysis. Bassii posits that the ongoing run may be curtailed by 42%, projecting XRP’s price to approach $9, followed by a significant downturn.
He elaborates on the fractal patterns, stating, “This run seems to be cut to 42%, would get us close to $9, then a big drop. But you’re missing the last part of the 2017 run, IF (big if) that happens, and we keep same %, we get around $30 after months of accumulation.”
Or Even $35?
Bassii referred to a previous analysis of himself where he emphasized the similarities between the 2024 run and the 2017 cycle. Notably, both periods exhibit five weeks of consecutive green candles, albeit with differing magnitudes—approximately 500% in 2024 compared to 1,200% in 2017.
He points out, “2017: 5 weeks of green candles at ~1,200% ^, followed by 3 weeks of red candles down 63%. 2024: Also, 5 weeks of green candles at ~500% up (~1/2 of 2017’s run), followed by… (so far) 1 week of red candles by how much? You guessed it… 30% down.” The subsequent correction phases also mirror each other, with XRP experiencing a 30% decline in 2024 compared to a 63% drop in 2017, each roughly halved in magnitude.
Based on this, Bassii outlines potential future movements based on historical patterns, suggesting that if XRP continues to follow these fractal patterns without significant breakdowns, it could accumulate over several months and potentially ascend to $30 by September 2025.
Responding to Bassii’s analysis, Bobby A expresses cautious optimism, stating, “Yeah but I’m not sure that the last impulse will come. The next one I’m much more confident in.” Bassii complements this by highlighting the importance of adhering to fractal patterns and real-time chart developments, adding, “I think it will depend on how closely we follow the fractals and what the chart tells us during this upcoming run. So far it’s followed very very closely. The weekly candles for the last 8 weeks have followed beat by beat. I’m not a moon boy, I know how crazy $30-35 sounds. But if we’re still tracking the 2017 run.”
At press time, XRP traded at $2.1581.
Featured image created with DALL.E, chart from TradingView.com
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Cryptocurrency prices today show strong bullish momentum, with Bitcoin rallying to $98K from $92K in a single surge as it marks its 16th anniversary. Internet Computer (ICP) and EOS emerged as top gainers, each recording a 15% price jump over the last 24 hours. Additionally, meme coins like Dogecoin (DOGE) and Bonk (BONK) also skyrocketed by 15%, contributing to the positive market sentiment.
The global cryptocurrency market cap increased by 2.31%, reaching $3.49 trillion, while trading volume grew by 2%, hitting $123 billion. The Fear and Greed Index climbed to 60, up from last week’s 50, indicating rising market optimism among investors. Crypto prices today reflect a positive outlook, with most of the top 20 altcoins trading in the green over the past 24 hours.
Cryptocurrency Prices Today: BTC, ETH, XRP, and SOL Maintain Positive Momentum
Bitcoin (BTC) price rallied to $98K, showing strong bullish momentum. Ethereum (ETH), XRP, and Solana (SOL) also gained, with most major cryptos trading in the green. The cryptocurrency prices today reflect a stable upward trend across key digital assets.
Bitcoin Price Today
Bitcoin price was trading at $98,267, up 1.26% in the last 24 hours. Its 24-hour low and high were $96,079 and $99,003, respectively. MicroStrategy announced plans to raise more capital for additional Bitcoin purchases, boosting investor confidence.
BTC ETF saw a significant inflow of $655 million on Jan 3. Fidelity led the purchases with $356 million, followed by Ark & 21Shares at $222 million, Bitwise at $61 million, and Grayscale at approximately $9 million. BlackRock’s data on ETF inflows is still awaited. Crypto prices today continues to reflect strong interest in Bitcoin investments.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,596, reflecting a 4% increase in the last 24 hours. Its 24-hour low and high were $3,422 and $3,628, respectively. ETH’s market cap stands at $433 billion, with a trading volume of $21 billion over the past 24 hours.
According to SoSo Value data, ETH ETF recorded an inflow of $24.9 million. Fidelity led the purchases with $27 million, while Grayscale sold $2 million worth of ETH ETFs.
XRP Price Today
XRP price was trading at $2.47, showing a 2% increase over the last 24 hours. Its 24-hour low and high were $2.40 and $2.50, respectively. The trading volume saw a 12% drop, now standing at $6 billion.
Solana Price Today
SOL price was trading at $216, marking a 5% rise in the last 24 hours. Its 24-hour low and high were $206 and $217, respectively. Rumors of an airdrop for Solana Phantom Wallet users have sparked excitement within the community, driving positive sentiment. The cryptocurrency prices today shows increasing interest in Solana, contributing to its strong performance.
Meme Cryptocurrency Prices Today
The meme cryptocurrency market today displayed strong momentum, with most top meme coins trading in the green. Dogecoin (DOGE) surged by 14% and was trading at $0.39, while Shiba Inu (SHIB) saw a 9% rise over the last 24 hours. Other notable meme coins like BONK, PEPE, and WIF gained between 5% to 15%. However, Pudgy Penguins (PENGU) bucked the trend and remained in the red, making it one of the few exceptions in the meme coin rally.
Top Cryptocurrency Gainers Prices Today
Internet Computer
ICP price was trading at $12.39, reflecting a significant 15% surge in the last 24 hours. Its 24-hour low and high were $10.80 and $12.53, respectively. The market cap stands at approximately $6 billion, with a trading volume of $315 million.
EOS
EOS price was trading at $0.93, showing a notable 15% rise in the last 24 hours. Its 24-hour low and high were $0.81 and $0.95, respectively.
Top Cryptocurrency Losers Prices Today
FTX Token
FTX Token (FTT) emerged as the worst performer today, dropping 9% in the last 24 hours. Its 24-hour low and high were $3.43 and $3.82, respectively. Meanwhile, FTX has begun the process of distributing funds to creditors under its Chapter 11 Plan of Reorganization, signaling progress in the ongoing recovery efforts.
Virtual Protocols
VIRTUAL price was the second-worst performer today, slipping by 6% in the last 24 hours. Its 24-hour low and high were $4.117 and $4.43, respectively. The market cap stands at $4.18 billion, with a trading volume of $468 million.
Besides this, the hourly chart shows bullish momentum, with Bitcoin and major altcoins trading upward in the last hour. Analysts from Coingape reported that 2025 is expected to be the year of ETFs, sparking discussions on which crypto ETF will secure approval first.
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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Today, crypto prices remained under pressure as Bitcoin (BTC) fell near its monthly low. Altcoins also continued to face declines, reflecting a bearish trend across the crypto market.
Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The compliance deadline of December 30, 2024, has raised uncertainty among market participants.
FTX Token (FTT) emerged as a top gainer today, with a 7% surge in its price. This development follows FTX’s announcement that claims processing will begin on January 3 next year, with $16 billion in cash expected to be repaid.
The global crypto market has declined by approximately 1.5% over the last 24 hours, standing at $3.29 trillion. However, trading volume saw a 12% rise, reaching $90 billion.
Here’s a brief overview of some leading cryptocurrencies by market cap and their crypto prices today, December 30.
Crypto Prices Today: BTC Falls Below $94K, XRP, and SOL Drop Amid Market Pressure
Crypto prices today saw Bitcoin (BTC) falling below $94,000, marking a sharp decline. Michael Saylor hinted at buying more Bitcoin through his recent post on X, sparking investor interest. Ethereum (ETH) was the only coin in green, registering a 1% price surge amid the market downturn.
Bitcoin Price Today
Bitcoin price was trading at $93,400, with a 1.3% drop in the last 24 hours. Its 24-hour low and high were $93,079 and $95,341, respectively. However, trading volume surged by 40%, reaching $32 billion.
According to SoSo Value, BTC ETF recorded a weekly inflow of $387 million last week, indicating renewed institutional interest. In other news, Bitcoin’s clean energy usage has exceeded 50%, highlighting its progress in sustainability. Elon Musk had previously stated he might accept BTC for payments, leaving the community eager for updates.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,421, reflecting a 1% surge in the last 24 hours. Its 24-hour low and high were $3,327 and $3,434, respectively. ETH ETFs saw a weekly inflow of $349 million, second only to BTC ETFs.
However, concerns loom as Coingape analysts warn of a potential $2,600 crash. This follows a massive inflow of 110K ETH into exchanges, signaling possible sell pressure.
XRP Price Today
XRP price was trading at $2.12, marking an approximate 3% drop in the last 24 hours. Its 24-hour low and high were $2.076 and $2.197, respectively.
Solana Price Today
Solana (SOL) price was trading at $192, reflecting a 1% drop in the last 24 hours. The crypto prices today for SOL revealed a 24-hour low of $188.73 and a high of $197.59, showcasing slight volatility.
Top Crypto Gainer Prices Today
FTX Token
FTX Token (FTT) price was trading at $3.75, showing a 10% rise in the last 24 hours. The crypto prices today for FTT recorded a 24-hour low of $3.416 and a high of $3.826, reflecting strong upward momentum.
Ethena
Ethena (ENA) price was trading at $1, showing an approximate 6% price surge in the last 24 hours. Its 24-hour low and high were $0.91 and $1.01, respectively. Trading volume surged by 45%, reaching $352 million, indicating increased market activity.
Moreover, KuCoin Token (KCS) and Virtuals Protocols (VIRTUAL) have seen gains of 1% to 3% in the last 24 hours. This indicates a positive trend amid the ongoing market fluctuations.
Top Crypto Loser Prices Today
Bitget Token
BGB token became the top loser for today, with an approximate 20% loss in the last 24 hours. Its 24-hour low and high were $6.01 and $7.85, respectively, while trading volume surged by 47%, reaching $1.34 billion.
Pudgy Penguins
PENGU price dropped by 10% and is currently trading at $0.032. Its 24-hour low and high were $0.031 and $0.036, respectively. Despite the recent drop, crypto prices today show that PENGU has surged by 500% in the last month.
Movement (MOVE), OKB, and Beam (BEAM) have seen a drop of approximately 5% in the last 24 hours, reflecting a slight downturn in their prices.
Besides this, the hourly chart is also showing downward momentum, with Bitcoin price down by 0.23%. Other major altcoins are showing a similar pattern, each down by approximately 1% in the last hour.
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 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.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
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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