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The SEC’s recognition initiates a 240-day countdown to the final decision deadline in mid-October – Enhancing XRP price expectations for 2025.
The market has already responded to this news, resulting in a 10.57% increase over the last 24 hours, supported by a 105% rise in trading volume to $8.5 billion.
Although XRP has faced challenges amid broader market stagnation throughout February, this breakout could position it as a leading altcoin in this cycle.
XRP Price Analysis: Could an ETF Propel Ripple to $10?
Regulatory relaxations appear to be influencing XRP price predictions this cycle.
Recent remarks from U.S. Crypto Czar David Sachs, suggesting that the crypto sector will gain regulatory clarity within six months, may alleviate long-standing legal obstacles for XRP.
While a $10 target seems far off, technical indicators indicate significant upside potential.
XRP / USDT, potential symmetrical triangle breakout. Source: Binance.
The XRP price appears determined to follow a breakout trajectory, with a symmetrical triangle pattern having formed since the start of the year.
The Relative Strength Index (RSI) has moved above the neutral line after remaining in bearish territory throughout February, signaling a return of buying pressure.
This shift seems to have favored the bulls, with an imminent MACD golden cross, as the MACD line is set to cross above the signal line.
Such movements often precede significant price increases, and with bulls gaining control, the next upward movement may be on the horizon.
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If a decisive breakout occurs, the pattern sets a price target of $4.20, representing a 55% increase from current levels.
However, a successful reclaim of the immediate resistance at $2.73 will likely be necessary to validate a breakout attempt.
This New ICO Might See a Better 2025
While the XRP price is expected to experience additional support in 2025, its full potential relies on regulatory changes that may take time to materialize.
In the meantime, presales have become a favored strategy to mitigate current market stagnation.
One notable example is Best Wallet ($BEST), the latest advancement in self-custody solutions. It is currently conducting a presale for its new $BEST utility token, having raised nearly $10 million to date.
250K+ traders are securing their advantage with Best Wallet.
Track new tokens, trade seamlessly, and manage your entire portfolio in one app.
The market moves quickly, and staying ahead requires the right tools.
Download Now!https://t.co/he5kzra7TY pic.twitter.com/AMgOYRzFPf
— Best Wallet (@BestWalletHQ) February 3, 2025
https://t.co/he5kzra7TY pic.twitter.com/AMgOYRzFPfThis non-custodial wallet is already available on major platforms such as Google Play and the App Store.
Best Wallet supports over 1,000 cryptocurrencies, utilizing Fireblocks MPC-CMP technology and featuring a staking aggregator to optimize yield opportunities.
The “Upcoming Tokens” feature, which showcases emerging crypto projects, has particularly captured investors’ interest due to its reputation for delivering high-gaining trading alpha.
To learn more about Best Wallet, follow its official X, Telegram, or visit the Best Wallet website.
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