Can XRP rally to $7 with Ripple’s bullish catalysts in 2025?
The post Can XRP rally to $7 with Ripple’s bullish catalysts in 2025? appeared on BitcoinEthereumNews.com.
Ripple is making progress in its long-drawn legal battle with the U.S. Securities and Exchange Commission, with plans for a $50 million settlement. A joint filing made the headlines following several updates on firms planning to raise funds to purchase XRP and hold it as a treasury asset. Experts examine whether it is a “pump and dump” tactic to exploit sidelined traders or whether XRP could rally toward a new high in 2025. XRP price forecast The XRP weekly price chart shows that the long-term outlook on the native token of the XRPLedger is mixed. While technical indicators suggest a likelihood of further consolidation, catalysts, and bullish developments surrounding Ripple, the XRPLedger and its stablecoin could fuel a bullish sentiment among traders and drive prices higher. The RSI reads 50, at the neutral level and MACD flashes red histogram bars under the neutral line, meaning there is an underlying negative momentum in XRP price trend. The altcoin faces resistance at a local peak of $2.6549 and could test liquidity at the $2 support, a key psychological level for XRP. XRP could rally 25% if it ends the consolidation and confirms an upward trend, testing resistance at $2.6549. The daily price chart shows that XRP is in a short-term downward trend and consolidates under the $2.6549 resistance. RSI reads 40, far under the neutral level, while MACD flashes its first red histogram bar after a series of green histogram bars in the past week. To test the $7 target, XRP would have to enter price discovery and climb towards the 272.2% Fibonacci retracement of the rally from the $0.3823 low to the $3.40 peak. This is possible if the XRP price maintains a sustained upward trend and bullish momentum for the next few weeks, irrespective of volatility in altcoins and Bitcoin…
