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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
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Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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XRP Reaches $3: Can It Reach $18 by 2025?
XRP just reached $3 for the first time in 6 years before dropping slightly to $2.93. This is a 30% recovery from the month's low of $2.18. The majority of this price increase is attributed to large investors, known as "Whales," owning 1 million to 10 million XRP tokens. Their large purchases have greatly benefited XRP.
Another reason for XRP's price increase is related to the possibility of exchange-traded funds (ETFs) in the United States approving XRP. A recent report by JPMorgan said that such ETFs could attract from 4 to 8 billion dollars of new investment if given the green light. This news has made many investors happy, causing the price of XRP to rise. The upcoming inauguration of President-elect Trump on January 20 is also seen as something that could change everything. Many believe that his administration could help XRP ETFs get approved more easily, which could further boost XRP growth. Looking at the chart, the future of XRP seems bright. Recently, it has broken out of the 'bull flag' pattern on the daily chart. This pattern occurs after a price increase, followed by a consolidation phase.
XRP has increased by 105% in November and December 2024 and is currently trading on the uptrend of this pattern, indicating that the price may increase further. Based on technical analysis, XRP could rise to $4.16, a 50% increase from the current price, in February 2025. On the weekly chart, XRP has entered a bullish pennant pattern, which usually means it will continue to rise. If XRP breaks out of this pattern, it could rise to $13, which is a 370% increase from the current price. The price of XRP is also above important support levels, such as the 50-week and 200-week moving averages, which makes the outlook even more positive and strong. However, investors should be cautious. The relative strength index of XRP is 77.5; therefore, this cryptocurrency has been overbought. Such conditions may cause the price to decrease or stabilize in the short term. This does not necessarily mean that its trend will change, but it is something to note.