XRP’s market share is increasing due to its best performance in comparison to other cryptocurrencies. As for now, XRP seems to be the least affected by the volatility in cryptocurrencies and is working towards achieving its price targets of $5.85 and $8.76.
Current Market Performance
As of February 12, 2025, XRP is reported to be trading at around $2.42 while the trading volume over the last 24 hours is $7.78 billion. XRP’s market cap is an astounding $139.33 billion. Within the last day, the price experienced a slight drop of $0.89 which is consistent with the general market trend.
Price Forecasts and Analysts’ Predictions
Crypto strategist Dark Defender predicts an XRP rally due to the Relative Strength Index on the daily chart showing signs of completing its consolidating phase.
He expects Wave 3, arguably the best phase of technical analysis, to push XRP to resistance levels of $5.85 and $8.76. These targets are considered crucial and would fuel the next bullish run for XRP.
Global Economic Factors Influencing XRP
Other geopolitical events have caused the cryptocurrency market to be more edgy than it ought to be.
Specifically, on February 1st, the new executive order on tariffs that are imposed by the U.S president, Donald Trump went into effect and sent shock waves through the countries’ financial systems including cryptocurrency which would later need to be rationalized by Trump due to the tariffs.
Given this uncertainty, XRP has not dipped below critical support levels even though it has been tested numerous times, suggesting that the price still has room to grow.
Looking Forward: Predictive Analysis for XRP
Extra caution on XRP is warranted due an extreme volatility, but the coin hovering above its vital support levels is a silver lining for hopeful buyers.
If the bearish trends in the overall market subdue and other external factors become more favorable, XRP is set for an aggressive price surge that will not only exceed new all-time highs but also demolish stubborn resistance levels making it very attractive to investors.
Current and future investors would be encouraged to track market movements and the activities of other countries’ economies as they attempt to manipulate xrp for positive gains.
