• Home
  • Ripple
  • XRP
  • Contact Us
XRP News
No Result
View All Result
XRP News
No Result
View All Result

XRP Set to Skyrocket Again, Economist Shares Key Drivers

Gaurav Roy by Gaurav Roy
January 29, 2025
Home Ripple
Share on FacebookShare on Twitter

 

  • XRP technical indicators show more uptrends ahead for the coin.
  • Adopting key ecosystem products like RLUSD and improving regulations can also drive prices.

Crypto analyst and Economist Mikybull claims XRP is set to witness a new breakout in its price. Notably, the analyst’s optimistic outlook for XRP is largely backed by positive technical indicators and favorable broader market sentiments.

Bullish XRP Technical Indicators

In a recent X post, Mikybull released a 4H chart that showed the formation of a continuation pattern after a sharp bullish breakout. At the time of the post, XRP’s price traded at $3.1999, demonstrating a 24-hour decline of 2.16%. However, the coin is in recovery mode at the moment.

$XRP preparing for another monstrous move 🚀 pic.twitter.com/JQfp6rWnBu

— Mikybull 🐂Crypto (@MikybullCrypto) January 19, 2025

Notably, the chart from Mikybull highlighted key technical signals that support a potential upward movement. Previously, XRP broke out of a descending wedge pattern, indicating that the decreasing prices are beginning to lose momentum. XRP experienced a sharp increase after the breakout, creating a steep ascending trendline.

The price consolidates within a smaller descending channel, usually interpreted as a “bull flag.” As noted, validating this pattern by a breakout above the channel’s resistance may indicate a continuation of the previous rally.

The Relative Strength Index (RSI) is another key metric showing room for further XRP upsides. The RSI currently stands at 57.12, indicating a neutral-to-bullish momentum. An RSI value below 70 indicates an asset is not overbought, signaling a potential upward reversal. Hence, XRP can see more uptrends if buying pressure increases.

While technical indicators show bullishness, XRP must break above key levels to fulfill this potential. For instance, a breakout above the bull flag’s resistance could open the way for further gains, even toward new local highs. However, the price could consolidate further or even retrace if XRP fails to break out of the resistance.

At press time, XRP price was trading at $3.17, up 2.2% in the last 24 hours.

[mcrypto id=”345586″]

Key Factors to Watch: ETF, Regulatory Shift, and RLUSD

Meanwhile, key factors such as Exchange-Traded Funds (ETFs), regulatory shift, and RLUSD adoption are crucial in determining XRP’s price trajectory.

The emergence of a pro-crypto government under Donald Trump has fueled growing expectations of an XRP ETF approval in 2025. In a recent CNF update, Ripple President Monica Long confirmed filings from Bitwise, 21Shares, WisdomTree, and Canary Capital could receive approval under the new administration.

An eventual XRP ETF approval from the US Securities and Exchange Commission (SEC) will lead to increased adoption from institutional investors. As more liquidity flows into the market, XRP’s price could rally to new highs, aligning with Mikybull’s forecast.

Also, the new administration could bring about a speedy resolution of the long-standing Ripple vs SEC case. As featured in our recent coverage, the White House has unveiled Mark Uyeda as the acting Chairman of the US SEC after Gary Gensler resigned officially on Monday. 

Further, Ripple’s RLUSD stablecoin, which debuted in December, continues to see increased adoption and growth. As previously mentioned in our report, Cardano Founder Charles Hoskinson revealed a possible RLUSD integration, which would be a game-changer for both XRP and ADA.


Recommended for you:


Summarize this content to 500 words

XRP technical indicators show more uptrends ahead for the coin.
Adopting key ecosystem products like RLUSD and improving regulations can also drive prices.

Crypto analyst and Economist Mikybull claims XRP is set to witness a new breakout in its price. Notably, the analyst’s optimistic outlook for XRP is largely backed by positive technical indicators and favorable broader market sentiments.
Bullish XRP Technical Indicators
In a recent X post, Mikybull released a 4H chart that showed the formation of a continuation pattern after a sharp bullish breakout. At the time of the post, XRP’s price traded at $3.1999, demonstrating a 24-hour decline of 2.16%. However, the coin is in recovery mode at the moment.

$XRP preparing for another monstrous move 🚀 pic.twitter.com/JQfp6rWnBu
— Mikybull 🐂Crypto (@MikybullCrypto) January 19, 2025
Notably, the chart from Mikybull highlighted key technical signals that support a potential upward movement. Previously, XRP broke out of a descending wedge pattern, indicating that the decreasing prices are beginning to lose momentum. XRP experienced a sharp increase after the breakout, creating a steep ascending trendline.
The price consolidates within a smaller descending channel, usually interpreted as a “bull flag.” As noted, validating this pattern by a breakout above the channel’s resistance may indicate a continuation of the previous rally.
The Relative Strength Index (RSI) is another key metric showing room for further XRP upsides. The RSI currently stands at 57.12, indicating a neutral-to-bullish momentum. An RSI value below 70 indicates an asset is not overbought, signaling a potential upward reversal. Hence, XRP can see more uptrends if buying pressure increases.
While technical indicators show bullishness, XRP must break above key levels to fulfill this potential. For instance, a breakout above the bull flag’s resistance could open the way for further gains, even toward new local highs. However, the price could consolidate further or even retrace if XRP fails to break out of the resistance.
At press time, XRP price was trading at $3.17, up 2.2% in the last 24 hours.
[mcrypto id=”345586″] Key Factors to Watch: ETF, Regulatory Shift, and RLUSD
Meanwhile, key factors such as Exchange-Traded Funds (ETFs), regulatory shift, and RLUSD adoption are crucial in determining XRP’s price trajectory.
The emergence of a pro-crypto government under Donald Trump has fueled growing expectations of an XRP ETF approval in 2025. In a recent CNF update, Ripple President Monica Long confirmed filings from Bitwise, 21Shares, WisdomTree, and Canary Capital could receive approval under the new administration.
An eventual XRP ETF approval from the US Securities and Exchange Commission (SEC) will lead to increased adoption from institutional investors. As more liquidity flows into the market, XRP’s price could rally to new highs, aligning with Mikybull’s forecast.
Also, the new administration could bring about a speedy resolution of the long-standing Ripple vs SEC case. As featured in our recent coverage, the White House has unveiled Mark Uyeda as the acting Chairman of the US SEC after Gary Gensler resigned officially on Monday.
Further, Ripple’s RLUSD stablecoin, which debuted in December, continues to see increased adoption and growth. As previously mentioned in our report, Cardano Founder Charles Hoskinson revealed a possible RLUSD integration, which would be a game-changer for both XRP and ADA.
Recommended for you:

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

Next Post
XRP Price Projection: Get Ready For A Blast-Off Like 2017 As This AI Altcoin Moves From $0.042 To $8 In 3 Weeks

XRP Price Projection: Get Ready For A Blast-Off Like 2017 As This AI Altcoin Moves From $0.042 To $8 In 3 Weeks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • XRP Price Maintains Rally Hopes as DOGE Breaks Down March 6, 2025
  • XRP price to $18K? — One crypto ‘research’ group says it’s possible March 6, 2025
  • Research Group Predicts XRP at $18K—Too Good to Be True? March 6, 2025
  • Blockchain Investigator Finds 2.7B XRP in Dormant Wallets—Tied to Ripple Co-Founder? March 6, 2025
  • XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming? March 6, 2025

Chat with our XRP expert!

XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

  • Home
  • Ripple
  • XRP
  • Contact Us

2023, XRPNews.com

No Result
View All Result
  • Contact Us
  • HTML Sitemap

2023, XRPNews.com