How high can XRP price go?
XRP has recovered from its early 2025 losses, surging over 30% to reach $2.89. This increase is attributed to whale accumulation and a JPMorgan analyst's prediction that XRP could gain $4 billion to $8 billion in net assets if approved. The upcoming inauguration of President-elect Trump on January 20 may further boost XRP's prospects, potentially aiding the approval of spot XRP ETFs in the US. Technical analysis indicates XRP's price could rise 50% to $4.16 by February. The ongoing price rally has also led XRP into a bull pennant breakout pattern on the weekly chart, suggesting a target near $13, marking a potential upside of approximately 370%. However, with the RSI at 79.5, XRP appears overbought, signaling possible short-term corrections. Additionally, an analyst's review of XRP's monthly chart indicates a confirmed uptrend breakout, predicting a gradual rise towards $10.2252 and possibly as high as $18.2275, based on Fibonacci retracement levels from the 2017 bull run.
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