XRP Ends 2024 on a High Note, Securing Its First-Ever Annual Close Above $2
XRP concluded the year 2024 on a positive note, achieving its first-ever annual close above $2. This milestone represents a significant step forward for the asset in its recovery from years of decline in the overall cryptocurrency market. Analysts now speculate that XRP could reach unprecedented levels in 2025, driven by favorable regulatory prospects and technical momentum.
XRP’s Performance in 2024: A Strong Comeback
In 2024, the price of XRP surged by more than 370%. Starting at $0.61511, the asset climbed to $2.90550 during the year, ultimately closing at $2.07924. This marked the first time XRP had closed above $2, indicating its resurgence as one of the best-performing digital currencies of the year. While it didn’t surpass its 2018 high of $3.84, the asset demonstrated sustainable performance and garnered renewed attention from investors.
It is worth noting that this achievement aligns with the positive sentiment surrounding new regulations under the incoming US administration. During the US presidential campaign, Republican candidate Donald Trump expressed support for cryptocurrencies. He nominated Paul Atkins, a former member of the US Securities and Exchange Commission (SEC), as the head of the commission. This environment has positioned XRP for further potential growth.
Analysts’ Projections for 2025
Prominent crypto analyst EGRAG has outlined ambitious price targets for XRP in 2025, utilizing the Linear Regression Channel indicator and Fibonacci extensions. These tools analyze historical price trends and potential breakout levels, suggesting several key milestones for XRP in the coming months.
EGRAG projects that XRP could reach $6.4 in Q1 2025, aligning with the 1.618 Fibonacci extension level. If the asset surpasses the upper bounds of the channel, a subsequent target of $8.5 emerges, supported by the 1.272 level of a secondary Fibonacci expansion. Intermediate targets near $4.4 are also anticipated, corresponding to the 1.414 Fibonacci level.
For November 2025, EGRAG forecasts two potential high points: $13 and $27. These projections are based on the 1.414 and 1.618 levels of the second Fibonacci expansion and represent what the analyst terms a “cycle blow-off top.” This phase could be characterized by significant price surges followed by sharp corrections. While these projections are speculative, they have generated considerable interest in XRP’s potential.
Current Market Position
XRP has started 2025 on a positive trajectory, trading at $2.14, reflecting a 5% gain over the past 24 hours. This performance positions XRP as the top gainer among the leading cryptocurrencies by market capitalization.
The combination of favorable regulatory developments and strong technical indicators suggests that XRP may continue its upward momentum. However, whether the asset can achieve the ambitious targets set for 2025 depends on broader market conditions and investor sentiment.
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