2024 was a pivotal year for XRP, with the altcoin recording its highest monthly close ever in December at $2.08. Building on this momentum, XRP is off to a strong start in 2025, with a return of 16.50% over the past three days.
XRP Price Action: A ‘God Candle’ and Beyond
The XRP price action in November 2024 was marked by a "god candle," breaking a seven-year trend with a 283% rally. This significant uptick in value came on the heels of Ripple’s positive conclusion to its long-standing legal battle with the SEC.
Mikybull’s Analysis: XRP’s Second Wave
Crypto trader Mikybull believes that XRP is poised for further upside in 2025, predicting a "second wave" of the rally. Drawing parallels between 2017 and 2024 over a two-day chart, Mikybull notes that XRP experienced a 30-day consolidation period, where the relative strength index (RSI) cooled off from an overbought condition to around 57.
**Key Takeaways:**
* XRP exhibited a 'god candle' in November 2024 with a 283% rally.
* Mikybull believes that XRP's second wave of the rally is about to kick off.
* The altcoin experienced a 30-day consolidation period, where the RSI cooled off from an overbought condition to around 57.
Javon Marks’ Analysis: A Bull Run Similarity
Crypto investor Javon Marks outlines another chart pattern that draws striking similarities between XRP’s 2017 bull run and its current price movement. According to Marks, the altcoin’s current daily chart displays a series of strengths mirroring its 2017 bull run.
**Key Takeaways:**
* The current daily chart displays a series of strengths mirroring its 2017 bull run.
* The trader believes that XRP is on track to reach all-time highs (>$3.317) and potentially higher values.
Bullish Pennant Targets 100% Rise
One particular short-term pattern with a 100% bullish outcome observed for XRP since November 2024 is the bullish pennant. The current setup presents the same outlook, and a successful breakout may lead to XRP reaching its FIB levels at 1.618 and 2.272.
**Key Takeaways:**
* The bullish pennant pattern has been observed for XRP since November 2024.
* A successful breakout may lead to XRP reaching its FIB levels at 1.618 and 2.272.
* This could result in a price rise of up to 110% over the next few weeks.
Higher Targets: A Bull Flag for XRP
Market technician Tony Severino identifies a potential bull flag for XRP on the 1-day chart. According to Severino, a valid breakout from this particular pattern puts XRP’s top target at around $13, i.e., another 440% rise.
**Key Takeaways:**
* A potential bull flag is identified on the 1-day chart for XRP.
* The trader believes that a valid breakout could put XRP's top target at around $13.
* This represents a price increase of up to 440%.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Conclusion
XRP has had an impressive year in 2024, culminating in its highest monthly close ever in December at $2.08. With market expectations largely bullish in 2025, traders and technical analysts are predicting potential XRP targets over the coming months. Analysts have identified various patterns and charts indicating a positive outlook for XRP’s price movement.
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