News 
January 7, 2025 
4 min. 
XRP is currently generating a buzz in the crypto space as a result of its impressive price performance and powerful utility. The token—which has already captured the attention of investors worldwide, especially large-scale holders, commonly referred to as “whales”—has become a trending token in the crypto space. Its unique technology and growing adoption have positioned it as a top choice for those seeking long-term value and innovation in blockchain.
What Is XRP, and Why Is It Trending?
XRP functions on XRP Ledger (XRPL), an open-source technology, designed for efficiency and scalability. With ultra-low transaction costs ($0.0002) and lightning-fast processing times ( about 3-5 seconds), XRP has proven to be a practical solution for payments and financial applications.
Furthermore, its carbon-neutral design and ability to handle 1,500 transactions per second further enhance its appeal. The XRPL also hosts features like a decentralized exchange (DEX) and custom tokenization, making it a versatile platform for developers and enterprises.
XRP’s price maintains above the $2.320 threshold while it looks to draw a fresh uptrend similar to Ethereum and Bitcoin.
It appears that the price is consolidating now since the last swing low stood at $2.32. A shift above the resistance of $2.40 was able to take place. The price retraced by 50% with the recent downtrend from $2.50 down to the swing low of $2.32.
The pair is currently below the $2.435 threshold while also remaining below the 100-hourly simple moving average. Also, on the XRP/USD short-term chart there is a formation of a small ascending angle with support at 2.385.
The XRP/USD pair with an ascending short-term angle may experience resistance with a threshold of $2.385 while its support may reach $2.465. The overarching resistance is expected to be $2.50, but could also go up to $2.55.
If the $2.55 resistance is crossed then it is likely that $2.650 will be reached. Additional gains have the potential to increase the price point towards $2.720 and possibly $2.750. However, the next notable complex task for the bulls could be reaching $2.880.
Similarly, its bullish sentiment, reflected in the Fear & Greed Index score of 78 (Extreme Greed), has further fueled investor confidence. Trading above the 200-day moving average and outperforming 82% of the top 100 crypto assets in the past year, XRP is on a strong upward trajectory.
With 16 green days in the last 30 and rising adoption across payments, DeFi, and NFTs, XRP continues to impress both individual investors and whales. Its robust technology and consistent price growth make it a standout altcoin poised for even greater success.
