XRP price plunges 30% from December highs amid market selloff and USD strength.
Massive liquidations hit XRP as the price dropped to $2.04, getting close to psychological support of $2.
However, analysts remain bullish in their XRP predictions for 2025, forecasting $50 per token.
XRP, one of
the biggest cryptocurrencies used by Ripple, tumbled to December lows of $2.04
on Monday, leading cryptocurrency market losses as a strengthening U.S. dollar
and year-end profit-taking pressured digital assets.
Let’s
examine why XRP is down and what technical analysis suggests about future
movements. We’ll also review XRP price predictions from analysts and experts.
XRP Price Is Going Down by
6%
The
fourth-largest cryptocurrency by market capitalization has dropped nearly 30%
from its December 3 peak of $2.9, with a 6% decline in the past 24 hours alone.
The token's trading volume stands at $4.5 billion, indicating significant
selling pressure as investors reduce exposure ahead of year-end.
XRP price is currently in a downward correction. Source: CoinMarketCap.com
The decline
is also causing liquidations in the leveraged market. Over the past 24 hours,
these liquidations totaled $173 million, with the majority being long
positions. A significant portion of these liquidations, approximately $7
million in long positions, was attributed to XRP.
The
cryptocurrency market's traditional year-end rally hopes have faded, with
Bitcoin retreating from its recent all-time high of $108,000 to trade around
$93,700, marking a 12.6% weekly decline. Other major cryptocurrencies have
followed suit, with Ethereum falling 15.5% to $3,337 and Solana showing a 15.9%
weekly slump.
The U.S.
Dollar Index's surge to 108.5, its highest level in months, has emerged as a
key factor pressuring cryptocurrency valuations. This strengthening dollar has
made speculative assets less attractive to investors, particularly affecting
dollar-denominated assets like cryptocurrencies.
The USD
hasn’t been this strong in over 20 years, which certainly makes it harder for
cryptocurrencies denominated in it to sustain growth during an already extended
bull run.
XRP Technical Analysis
The current
market structure shows XRP trading above key support levels, with immediate
resistance at $2.5. Technical analysts have identified $2.0-1.96 as a crucial
support level that needs to hold to prevent further decline.
In my view,
XRP is still moving within a time-limited pennant chart pattern, with its lower
boundary currently aligning with the mentioned psychological support level and
December lows. A breakout above this level would not only allow XRP to overcome
current resistance dynamically but also provide a chance for a measured upward
movement towards the $4 or even $5 level.
XRP price technical analysis and pennant chart pattern. Source: Tradingview.com
This
scenario would be invalidated if the price falls below the lower boundary of
the pennant and the psychological support at $2. In that case, the bears could
regain control, and the chart would return to a downtrend.
For
December 2024, analysts project a minimum price of $1.91 for XRP, with a
maximum potential of $2.5. However, the immediate focus remains on defending
current support levels to prevent further deterioration in market sentiment.
In January
2025, XRP is projected to trade within a range of $1.35 to $2.12. By February,
the price is expected to fluctuate slightly, moving between $1.30 and $2.50. Looking
ahead to the end of 2025, if institutional adoption continues to gain momentum,
XRP could potentially climb to $5 or higher, reflecting increased market
confidence and demand.
For
instance, Egrag, a popular analyst with 70,000 followers on X (formerly
Twitter), believes that XRP could rise to $50 in 2025.
“The next
10 days are crucial for XRP. From a pure technical analysis perspective
(ignoring fundamentals for a moment), this could be the most pivotal price
action in XRP’s history,” Egrag commented.
XRP price
projections for 2025 show varying estimates. Conservative forecasts suggest a
trading range between $1.35 and $2.50. However, crypto expert Levi Rietveld
presents a more optimistic outlook, suggesting XRP could reach $20-23, with an
extremely bullish scenario of $70 per coin.
Why is the XRP coin
falling?
XRP's
recent decline stems from multiple factors. The token has experienced
significant selling pressure due to massive liquidations totaling $14.5 million
in leveraged long positions. Additionally, Bitcoin's dominance and market focus
shift have redirected capital flows away from altcoins. The strengthening U.S.
Dollar Index has also pressured cryptocurrency valuations.
Does XRP have a future?
XRP's
future appears promising, particularly in the financial technology sector. The
platform continues to expand its partnerships across Asia, Africa, and Latin
America. The cryptocurrency's role in cross-border payments and growing
institutional adoption suggest strong potential for long-term growth. By
2027-2028, XRP could become more integrated into traditional finance and
blockchain solutions.
Is XRP ever going to
recover?
Technical
analysis indicates positive recovery potential despite current bearish
pressure. XRP maintains support at key levels, including the 23.6% Fibonacci
retracement near $2.33. The token's growing network activity and increasing
institutional adoption support the possibility of price recovery. Market
experts anticipate potential upward movement once the current correction phase
concludes.
Can XRP reach $500?
Reaching
$500 appears highly improbable in the near term. Such a valuation would require
XRP's market capitalization to exceed $26 trillion, surpassing the combined
value of the world's largest companies6. While some analysts project growth
potential, more realistic estimates suggest price targets between $15-25 by
2030. Grok AI suggests $500 might only be possible beyond 2030, contingent on
widespread global payment adoption.
XRP, one of
the biggest cryptocurrencies used by Ripple, tumbled to December lows of $2.04
on Monday, leading cryptocurrency market losses as a strengthening U.S. dollar
and year-end profit-taking pressured digital assets.
Let’s
examine why XRP is down and what technical analysis suggests about future
movements. We’ll also review XRP price predictions from analysts and experts.
XRP Price Is Going Down by
6%
The
fourth-largest cryptocurrency by market capitalization has dropped nearly 30%
from its December 3 peak of $2.9, with a 6% decline in the past 24 hours alone.
The token's trading volume stands at $4.5 billion, indicating significant
selling pressure as investors reduce exposure ahead of year-end.
XRP price is currently in a downward correction. Source: CoinMarketCap.com
The decline
is also causing liquidations in the leveraged market. Over the past 24 hours,
these liquidations totaled $173 million, with the majority being long
positions. A significant portion of these liquidations, approximately $7
million in long positions, was attributed to XRP.
The
cryptocurrency market's traditional year-end rally hopes have faded, with
Bitcoin retreating from its recent all-time high of $108,000 to trade around
$93,700, marking a 12.6% weekly decline. Other major cryptocurrencies have
followed suit, with Ethereum falling 15.5% to $3,337 and Solana showing a 15.9%
weekly slump.
The U.S.
Dollar Index's surge to 108.5, its highest level in months, has emerged as a
key factor pressuring cryptocurrency valuations. This strengthening dollar has
made speculative assets less attractive to investors, particularly affecting
dollar-denominated assets like cryptocurrencies.
The USD
hasn’t been this strong in over 20 years, which certainly makes it harder for
cryptocurrencies denominated in it to sustain growth during an already extended
bull run.
XRP Technical Analysis
The current
market structure shows XRP trading above key support levels, with immediate
resistance at $2.5. Technical analysts have identified $2.0-1.96 as a crucial
support level that needs to hold to prevent further decline.
In my view,
XRP is still moving within a time-limited pennant chart pattern, with its lower
boundary currently aligning with the mentioned psychological support level and
December lows. A breakout above this level would not only allow XRP to overcome
current resistance dynamically but also provide a chance for a measured upward
movement towards the $4 or even $5 level.
XRP price technical analysis and pennant chart pattern. Source: Tradingview.com
This
scenario would be invalidated if the price falls below the lower boundary of
the pennant and the psychological support at $2. In that case, the bears could
regain control, and the chart would return to a downtrend.
For
December 2024, analysts project a minimum price of $1.91 for XRP, with a
maximum potential of $2.5. However, the immediate focus remains on defending
current support levels to prevent further deterioration in market sentiment.
In January
2025, XRP is projected to trade within a range of $1.35 to $2.12. By February,
the price is expected to fluctuate slightly, moving between $1.30 and $2.50. Looking
ahead to the end of 2025, if institutional adoption continues to gain momentum,
XRP could potentially climb to $5 or higher, reflecting increased market
confidence and demand.
For
instance, Egrag, a popular analyst with 70,000 followers on X (formerly
Twitter), believes that XRP could rise to $50 in 2025.
“The next
10 days are crucial for XRP. From a pure technical analysis perspective
(ignoring fundamentals for a moment), this could be the most pivotal price
action in XRP’s history,” Egrag commented.
XRP price
projections for 2025 show varying estimates. Conservative forecasts suggest a
trading range between $1.35 and $2.50. However, crypto expert Levi Rietveld
presents a more optimistic outlook, suggesting XRP could reach $20-23, with an
extremely bullish scenario of $70 per coin.
Why is the XRP coin
falling?
XRP's
recent decline stems from multiple factors. The token has experienced
significant selling pressure due to massive liquidations totaling $14.5 million
in leveraged long positions. Additionally, Bitcoin's dominance and market focus
shift have redirected capital flows away from altcoins. The strengthening U.S.
Dollar Index has also pressured cryptocurrency valuations.
Does XRP have a future?
XRP's
future appears promising, particularly in the financial technology sector. The
platform continues to expand its partnerships across Asia, Africa, and Latin
America. The cryptocurrency's role in cross-border payments and growing
institutional adoption suggest strong potential for long-term growth. By
2027-2028, XRP could become more integrated into traditional finance and
blockchain solutions.
Is XRP ever going to
recover?
Technical
analysis indicates positive recovery potential despite current bearish
pressure. XRP maintains support at key levels, including the 23.6% Fibonacci
retracement near $2.33. The token's growing network activity and increasing
institutional adoption support the possibility of price recovery. Market
experts anticipate potential upward movement once the current correction phase
concludes.
Can XRP reach $500?
Reaching
$500 appears highly improbable in the near term. Such a valuation would require
XRP's market capitalization to exceed $26 trillion, surpassing the combined
value of the world's largest companies6. While some analysts project growth
potential, more realistic estimates suggest price targets between $15-25 by
2030. Grok AI suggests $500 might only be possible beyond 2030, contingent on
widespread global payment adoption.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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