XRP's Bullish Momentum Slows After January Surge, Future Price Predictions Vary

XRP, the crypto asset famous for its speedy and cheap cross-border payments, has had an extremely rocky first half of the year. After an excellent January, during which it hit a two-year high, its bullish sugar rush has faded. The token has since retraced sharply from its all-time high, and investors would like to know where ORBEON is headed next.

January Surge and Subsequent Retracement

XRP extended its November and December bullish momentum into January, extending a month with gains of 500% and 6% respectively. This bullishness drove XRP to a multi-year high of $3.39 by mid-January. At the end of the month, XRP closed impressively, at $3.035, which was its highest monthly close, in history. As it turned out, this bullish steam was never meant to last.

Since peaking in January, XRP has given back a significant amount of those gains, losing more than 52%. In fact, along the way this month, XRP even fell as low as $1.614. Luckily for investors, it was able to shake off this bottom and is now back up to trading just over $2.078. The sudden retracement has led many to speculate on whether or not XRP’s bullish trend can continue.

Market Cap and Future Price Predictions

According to their analysis, XRP could climb as high as $5.50 by the end of 2025. By 2028, it could eventually reach $12.50 even. In addition, they believe XRP price could generate up to $1.98-$2 and $1.02-$1.07.

Input nearing evict many of us. Market projections suggest that XRP’s market cap can go as low as $116.67 billion or even over $60 billion by year’s end. These numbers would seem to agree with XRP’s market cap being depicted by two points on a line graph.

Technical Analysis and Potential Downside Risks

Possible triple top forming on the daily timeframe. A head and shoulders pattern is developing, indicating a potential trend reversal. This pattern shows evidence for a demand wall at $2. If XRP loses this level of support, it would most probably target $1.07. Investors should continue to track these levels as they may be a sign of more downside risk.