Cryptocurrency strategist Michaël van de Poppe has identified critical support levels for XRP that could present optimal entry points for investors aiming to maximize their gains in 2025.
The cryptocurrency market has been experiencing a period of market correction over the past four weeks. However, some experts, like Michaël van de Poppe, view this phase as necessary for the long-term growth of digital assets like XRP.
Van de Poppe has been closely monitoring XRP’s price movements and highlighted two support levels that are crucial to XRP’s short-term price action.
The first key support is situated at $1.8185. This level has shown substantial historical relevance, as XRP experienced two significant rebounds from this zone in December. On December 10, the asset bounced from $1.9010, and again on December 20, it rallied from $1.9584, further emphasizing the importance of this support zone.
The second support level, identified by Van de Poppe, is at $1.5764. This price point, which was previously a resistance area, became a support during XRP’s strong rally in November. Van de Poppe expressed confidence that these levels will likely hold up as the market consolidates, presenting attractive opportunities for investors looking to enter the market.
Currently, XRP is trading at $2.095, below the 20-day Exponential Moving Average (EMA) of $2.17928. A dip below this level is typically a bearish signal, and at press time, several of XRP’s short-term moving averages were also in the red. However, despite these bearish indicators, Van de Poppe remains optimistic about the asset’s future.
He emphasized that XRP is still Consoliding After the Massive Rally in November. The current price movements are part of a healthy correction phase, and once the price stabilizes at the identified support levels, Van de Poppe believes that XRP could Surgesurgesurge toward December’s peak of $2.86, and possibly even Surpasssurpass Surpassits previous all-time high.
Supporting Van de Poppe’s views, another respected crypto analyst, Egrag Crypto, believes that XRP’s fundamentals remain strong, and the recent short-term fluctuations are merely noise in the broader trend. Egrag Crypto has set a target range of $20.5 to $27.5 for XRP, reflecting the optimism among analysts regarding the cryptocurrency’s potential for substantial growth in 2025.
Despite the short-term correction, both analysts agree that XRP is well-positioned to make substantial gains once it breaks through key resistance levels. Investors should be prepared for potential volatility in the coming months, but the long-term outlook for XRP remains overwhelmingly positive.
As the crypto market continues to evolve in 2025, XRP’s price movements will likely be influenced by a mix of technical indicators, whale activity, and broader market sentiment. With key support levels in place and an optimistic outlook from top analysts, XRP is poised for a potential rally that could see it breaking through previous price barriers and achieving new highs.
