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- XRP’s breakout signals potential for long-term growth, with $30+ targets for 2025.
- Analyst Steph predicts XRP’s price could reach $5, then $14–$30 in the next bull run.
- Bitcoin dominance decline could lead to an altcoin rally, boosting XRP’s value.
XRP surged from $0.50 to nearly $3 following Ripple CEO Brad Garlinghouse’s meeting with U.S. President-elect Donald Trump. This price rally has drawn attention to XRP’s potential, with analysts forecasting a breakout toward $30 during the ongoing bullish trend.
Technical Analysis: XRP Eyes $30 Target (NYSE:TGT)
According to crypto analyst Steph is Crypto, XRP’s breakout could signal the start of a larger upward trend; the reason why he thinks potential price levels around $30, driven by strong bullish momentum and a resilient technical structure.
Steph highlighted that XRP’s recent weekly candles reveal sustained growth. He suggests the current $2.60 level offers a compelling entry point for long-term investors aiming to capitalize on the anticipated 2025 bull run.
Read also: Ripple CEO Sees a Bullish Future for XRP Under Trump Governance
Price Targets and Key Levels to Watch
Analysts have identified critical price targets for XRP, starting with $5, based on Fibonacci extension tools. Beyond this, projections point to double-digit gains, with potential prices ranging between $14 and $30.
However, analysts caution about potential pullbacks, with $1.90 emerging as a critical support level. This level may stabilize the asset during market corrections, ensuring a strong foundation for its next rally.
The broader altcoin market is shifting as Bitcoin dominance declines. Since September 2022, Bitcoin had maintained a leading position but recently broke below a key resistance level. This trend has paved the way for an anticipated “altseason”, where altcoins like XRP could outperform Bitcoin in price action.
With XRP’s growing role in the altcoin market, analysts expect a rally against Bitcoin, further fueling its ascent.
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