{"id":461930,"date":"2025-01-25T05:30:58","date_gmt":"2025-01-25T00:00:58","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=461930"},"modified":"2025-01-24T17:52:07","modified_gmt":"2025-01-24T12:22:07","slug":"xrp-doubles-down-on-its-price-but-is-10-really-within-reach","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/xrp-doubles-down-on-its-price-but-is-10-really-within-reach\/","title":{"rendered":"XRP &#8216;doubles down&#8217; on its price, but is $10 really within reach?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">XRP adoption saw an uptick as wallet addresses surpassed 6.4 million, fueling long-term confidence in the ecosystem<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Analysts say $10 is possible, but optimal re-entry points lie below $2.80<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> has been attracting global attention lately, thanks to the fact that its price doubled in recent months. In fact, the altcoin rose from $0.50 in late 2024 to $3.18 in January 2025.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With total wallet addresses surpassing 6.4 million and in light of XRP Ledger&#8217;s rising adoption, traders are now closely watching whether the cryptocurrency can hit $10 or not.\u00a0<\/span><\/p>\n<h2>XRP&#8217;s rally and price levels<\/h2>\n<p><span style=\"font-weight: 400;\">XRP recorded a rapid rally on the charts, climbing from a low of $0.50 in late 2024 to a peak above $3.30 by early 2025. This parabolic hike was a sign of strong demand, entailing a resurgence in market activity.\u00a0<\/span><span style=\"font-weight: 400;\">However, XRP failed to sustain its momentum to hit a new all-time high of $3.40. In fact, the altcoin had retreated to a price of <\/span><a href=\"https:\/\/ambcrypto.com\/u-s-treasurys-plan-to-set-up-ripple-wallet-impact-on-xrp\/\"><span style=\"font-weight: 400;\">$3.18<\/span><\/a> at press time.<\/p>\n<p><span style=\"font-weight: 400;\">Trading volume over the last 24 hours hit $8.23 billion too, while the circulating supply of 58 billion XRP gave it a market cap of $183 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Worth noting, however, that despite the altcoin&#8217;s weekly losses, the crypto climbed by almost 3% in the last 24 hours.\u00a0<\/span><\/p>\n<h2>Key support and demand zones<\/h2>\n<p><span style=\"font-weight: 400;\">XRP&#8217;s price rally identified critical levels of support and demand. A significant demand zone near $1.50 fueled the initial rally, and a psychological level of $3 emerged as a key support during the prevailing consolidation phase.<\/span><\/p>\n<figure id=\"attachment_461932\" aria-describedby=\"caption-attachment-461932\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-scaled.jpeg\"><img decoding=\"async\" class=\"wp-image-461932 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"1006\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-300x118.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-1024x402.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-768x302.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-1536x603.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-2048x804.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/Active-addresses-1200x471.jpeg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-461932\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Technical indicators, such as the Relative Strength Index (RSI), suggested that the market cooled down from its recent seen overbought levels. In fact, at the time of writing, the RSI was hovering<\/span><span style=\"font-weight: 400;\"> between 50 and 60 &#8211; A sign that the market was neither overbought nor oversold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is likely to fuel opportunities for further price movement on the charts.<\/span><\/p>\n<h2>XRP Ledger adoption surpasses 6.4M addresses<\/h2>\n<p><span style=\"font-weight: 400;\">According to data from CryptoQuant, total wallet addresses on the XRP Ledger exceeded 6.4 million. This steady growth has persisted since 2014 &#8211; A sign of increasing adoption and long-term confidence in the network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even during periods of price stagnation, the number of addresses consistently grew, signaling robust network fundamentals.<\/span><\/p>\n<figure id=\"attachment_461931\" aria-describedby=\"caption-attachment-461931\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total.png\"><img decoding=\"async\" class=\"wp-image-461931 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total.png\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/01\/XRP-Ledger-Addresses-Total-1200x675.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-461931\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">XRP\u2019s press time price of $3.18 seemed to be in line with its <\/span><a href=\"https:\/\/ambcrypto.com\/u-s-treasurys-plan-to-set-up-ripple-wallet-impact-on-xrp\/\"><span style=\"font-weight: 400;\">historic all-time high<\/span><\/a><span style=\"font-weight: 400;\"> from 2017-2018, when the cryptocurrency previously hit $3.40. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sustained uptick in adoption highlights the XRP Ledger\u2019s resilience and the broader community\u2019s trust in its ecosystem.<\/span><\/p>\n<h2>Can XRP hit $10?<\/h2>\n<p><span style=\"font-weight: 400;\">Popular analyst Micha\u00ebl van de Poppe <\/span><a href=\"https:\/\/x.com\/CryptoMichNL\/status\/1882527223346815116\"><span style=\"font-weight: 400;\">believes<\/span><\/a><span style=\"font-weight: 400;\"> XRP could hit $10. However, he thinks that for optimal entry points, the price would need to drop below $2.80. Citing the altcoin&#8217;s recent bout of appreciation which doubled its value, Poppe claimed,<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;When the volatility starts to pick up momentum, that&#8217;s the moment you&#8217;ll zoom out to get the best entry points.&#8221;<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">While hitting $10 would require further bullish momentum and favorable market conditions, a combination of increasing adoption, growing demand, and traders&#8217; interest keeps the possibility open.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has been one of 2025&#8217;s top gainers, but can it get better from here?<\/p>\n","protected":false},"author":95,"featured_media":461959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,4,20],"tags":[6427,6425],"class_list":["post-461930","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view","tag-ambcrypto","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>XRP &#039;doubles down&#039; on its price, but is $10 really within reach?<\/title>\n<meta name=\"description\" content=\"XRP has been attracting global attention lately, thanks to the fact that its price doubled in recent months. 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