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 August 2024, the market is seen to be bullish.

3. Predictive forecasts

• Forecasts from our AI/ML predictive algorithms project XRP to average over $20 in 2028 and $3,000 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: Asset likely to surge to $1

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 encountering a rejection at $0.66, the asset dropped to the latter level by mid-August. 
 

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 $0.53 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 $0.53 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, by the second week, the bulls reclaimed $0.47. 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.

August was favorable for Ripple, as it concluded its legal battle with the SEC by settling for a $125 million fine. At the time of writing, the altcoin traded at $0.56. AMBCrypto's observation of XRP’s daily chart highlighted the $0.6 price level as a crucial supply zone. This setup suggested sellers might be inclined to short XRP at this level unless bullish momentum increases. 

A flip of this level into support could propel the price towards the highest resistance. Furthermore, overcoming the yearly peak would allow for a stronger rise toward $0.80 and $0.94. With a sustained uptrend, reaching $1 could be possible.

Meanwhile, AMBCrypto noted that XRP was repeating a bullish pennant formation, last seen in 2017, leading to its all-time high (ATH). Many experts have also drawn parallels between the current market patterns and 2017, setting a $5 target for the asset. If history repeats, it could reach new ATHs by the end of 2024 or 2025. 

Conversely, if profit-taking intensifies at the current resistance, XRP could fall back to $0.53. A drop below this level would reverse the market trend as the asset tumbles to $0.47, with the next downside target set at $0.41. 
 

Our predictive models remain optimistic about XRP's future, forecasting a price of more than $20 by 2028. By 2035, XRP is anticipated to average over $3,000, marking a substantial four-digit 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 the late February rally, though it fell again as prices dipped. The recent recovery also triggered a modest uptick in volume, indicating investor interest.
• Throughout the analysis, the Relative Strength Index’s (RSI) peaks corresponded with price increases toward the longer upper range limit and troughs aligned with price decreases. 
• It moved over the 50 line in early July. After a temporary late-month drop, the indicator recovered to a press time value of 53.63, indicating a bullish 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. The price’s contact with the latter in July repelled the bands slightly apart. However, the candles regained dominance by mid-month, albeit with slight dips. This highlighted a resurgence of buying pressure.