The XRP price remained consolidated within a tight range for more than a few years, while an increase of more than 380% attracted enormous liquidity after the outbreak. The volume then rose by more than $ 22 billion compared to the levels of around $ 1 billion, which indicates an extensive participation of the bulls. Unfortunately, the levels fell shortly after the prices were higher than $ 3 and they were on their way to mark a new ATH. Since then, the XRP price has stalled within falling consolidation, while the volume went back to its initial position around $ 1.
While the volume is confronted with extreme squeeze, the bulls wait for a quick explosion. Will this trade setup push the XRP price to $ 10 in 2025? Is this a realistic target or an exaggerated claim?
The Ripple vs. would be the most important reason behind the large overhang on the long -term rating of XRP. Can be a secrecht case. The 60-day deadline of the SEC, which is approaching on June 16, can inject a favorable result for Ripple new confidence in the market. This coincides with the wider macro background of the rising global liquidity. From a technical point of view, XRP is currently a classic bullish flag pattern on the higher timetables and therefore an outbreak can initiate a new revival.
Just as with the daily graph, the weekly graph shows that the price is stuck in a decisive symmetrical triangle since it was confronted with a rejection of the annual highlights. As can be seen in the graph above, the XRP is after breaking from above a long -term consolidation to the edge of the decisive symmetrical triangle. The volume has largely been removed and means an extreme pinch. On the other hand, the conversion line of the Ichimoku has become a strong support, while the baseline is a resistance. Moreover, the DMI levels are converged, which means that a pinch falls.
A bullish breakout could initiate a bullish crossover that can push the levels above $ 2.5, which is a crucial resistance to achieve. Once ready, the XRP price is expected to retain a healthy revival to form new highlights. In the meantime, the Nasdaq submits its crypto extension and adds 4 more cryptos, including XRP, which could be a large bullish signal for token. The approaching Ripple vs. SEC outcome, together with a potential ETF and now Nasdaq inclusion, suggests more green days for the fourth largest token.
Given the current trade setup, the purpose of $ 10 for the XRP price rally can be realistic, while the timeline can be extended before 2025.