XRP Shows Recovery, Eyes €5.40 as Bulls Aim for €10
Ripple's XRP token has shown signs of recovery, currently up 1% with a key resistance level at $3.00. The price has moved back above the 50-day moving average (SMA50) after a 3.63% increase at the start of October.
Analysts predict significant potential for XRP if it breaks the resistance at €3.317 and surpasses its previous high of €3.6659. Optimistic models suggest XRP could rise above €5.40 and even beyond €10 in the medium term, driven by growing adoption and regulatory clarity. However, more conservative forecasts expect levels around €3 to €5 by late 2025.
If XRP surpasses its all-time high, the rally could continue towards $5, with potential price targets in the $5.30 and $8.50 range during an altcoin season. To fully resolve the chart situation on the upside, XRP would need to consistently break through the resistance at $3.317 and rise above its all-time high of $3.6659.
The consolidation phase seen in recent weeks, with a price correction of nearly 27% since July but remaining above the $2.70 support level, is viewed positively by investors. Breaking through the $3.00 mark could signal a new bull run, with the next target being the September high of $3.1875. This opens up a price potential of nearly 200% for XRP.
XRP's recent recovery and consolidation phase have set the stage for potential price increases. If it breaks through key resistance levels, analysts predict significant gains, with optimistic models projecting prices above €5.40 and even beyond €10 in the medium term. However, more conservative forecasts expect levels around €3 to €5 by late 2025.
