The crypto market is continuing its downtrend. Bitcoin (BTC), the most important asset, has dropped below $94,000. Ripple’s XRP coin follows current market trends, and has seen a significant correction in the past few weeks.
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Recent Price Changes
Ripple’s XRP coin broke the $2 barrier earlier this year, for the first in almost seven years. The XRP token continues to be traded above $2 but it has seen a significant correction. In the charts for the day, the asset is trading at a loss of 4.9%, while the charts for the week are down 5.8%, and the charts for the 14-day period show a drop of 13.3%. Despite the decline, XRP still has some gains on the other timeframes. Market cap-wise, the fourth biggest crypto has risen 9.9% since last month. Since December 2023 it’s risen 235.5%.
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XRP To Breach $4
Analysts at CoinCodex predict that Ripple’s token XRP will remain in the same range for the next 2 months. Platform predicts XRP will break out at the beginning of March 2025. CoinCodex projects that on March 16, 2025, XRP’s price will be $4.42. 16 2025 will be a record-breaking high. A rally of approximately 112,5% will be required to reach $4.42, compared with current prices.
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Changelly on the other side is quite pessimistic about XRP. According to the platform, XRP could trade for a maximum price of 2 dollars in March 2025. To reach $2, the current prices will have to drop by about 3.85%.
After Donald Trump’s January 20, 2025, inauguration there is the possibility of a crypto-market rally. Trump has shown great support for the crypto market, and some predict a long bull run. We will have to wait and see how XRP does over the next couple of months.
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Source: watcher.guru
