XRP Price Prediction: 2024, 2025, 2030

XRP price prediction: Key highlights

1. Primary support and resistance levels

• The weekly chart showed $0.73 as the highest resistance.
• Meanwhile, $0.41 remained the lowest support.

2. Market sentiment

• As of September 2024, the market is seen to be slightly bearish.

3. Predictive forecasts

• Forecasts from our AI/ML predictive algorithms project XRP’s average price at $1 in 2028 and $3 in 2035.

Uncover essential details on XRP’s future trajectory via a comprehensive weekly technical analysis, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

XRP technical analysis: Historical patterns hint at upcoming gains

In the higher time frame, the XRP market was influenced by both buyers and sellers, each vying for dominance. The XRP price prediction lays the groundwork for a closer examination of its prospects in 2024 and beyond. 

Following Ripple’s partial victory against the U.S. Securities and Exchange Commission (SEC), the price continued to move sideways between the highest yearly resistance of $0.73 and $0.47. After dropping to the latter level by mid-September, the immediate recovery attempts were halted at $0.52, returning the asset to the lower range limit.
 

In mid-October, the bulls rallied with the broader market. Despite XRP retesting the highest resistance in November, it failed to execute a definitive breakout above $0.66. A culmination of selling pressure resulted in a bearish flip of the midline at $0.60 and then $0.52 in early and late January, respectively.
 

A similar rally emerged in February, but it lost momentum by April. Subsequently, XRP consolidated in a smaller range between $0.52 and $0.47 from mid-month. The broader market downturn resulted in a bearish breakdown.

The drop to $0.41 in early July signified a break of the extended 11-month range. Nonetheless, the bulls reclaimed $0.47 by the second week. AMBCrypto’s analysis revealed that the early-month drop was a deviation. Furthermore, this swift recovery highlighted that XRP can retrace its previous highs. 
 

This materialized as the asset broke past the upper limit of the shorter three-month range by mid-month, turning the trend bullish. Simultaneously, it tested $0.60. Even as the broader market bled, XRP peaked at a four-month high in late July.

In August, Ripple settled its legal battle with the SEC by agreeing to pay a $125 million fine. Yet, the bullish hopes of overcoming the immediate resistance were dashed when Bitcoin (BTC) slumped below the $60,000 level, dragging the altcoin market downward.

The asset retested this level in the month's latter half, but the demand was not strong enough to flip it. Moreover, in early September, Ripple unlocked 1 billion XRP tokens. This worsened the market conditions, prompting a drop to $0.52. At the time of writing, the altcoin traded at $0.53.

AMBCrypto examined that the price’s proximity to the current support could succeed with a bearish flip of this level. This would reverse the market trend as the asset tumbles to $0.47, with the next downside target set at $0.41. The analysis also revealed a direct correlation between Ripple and BTC, suggesting that XRP may only recover if market conditions improve for the king coin.

Meanwhile, AMBCrypto observed a long-term bullish symmetrical triangle. XRP has been consolidating within it since 2018. Interestingly, a similar pattern emerged in 2015, preceding a bullish breakout in 2017 that propelled XRP to an all-time high (ATH). If history repeats, the token could reach new highs soon. 

A flip of $0.60 into support could propel the price toward the peak resistance. Furthermore, overcoming the yearly peak would allow for a stronger rise toward $0.80 and $0.94.

Our predictive models maintain a cautious stance on XRP's future, forecasting a price of more than $1 by 2028. By 2035, XRP is anticipated to average around $3, marking an unhurried uptick in its valuation.

XRP's 2024 roadmap: Key indicators to watch and trade

• The trading volume mirrored the price’s ups and downs. A significant rise in volume accompanied rallies, though it fell again as prices dipped. The recent price downtick was also mirrored in volume, indicating investor caution.
• Throughout the analysis, the Relative Strength Index’s (RSI) peaks over the 50 line corresponded with price increases toward the longer upper range limit and troughs aligned with price decreases. It settled at 49.63 at press time, highlighting the recent bearish bias.
• The Bollinger Bands started converging in late 2023 as the price moved sideways, intermittently touching the upper band. Alternating between resistance and support, the 20-week Moving Average (MA) remained close to the price. 
• The candles decisively dropped below 20 MA in early April and touched the lower band. Moreover, the price’s contact with the latter repelled the bands slightly apart in July. However, the candles regained dominance by mid-month, albeit with slight dips. This highlighted a cooling off of buying pressure.