XRP and XLM Make a Strong Start in the Crypto Market for 2025: Bullish Trends Persist
Ripple (XRP) and Stellar (XLM) have made a remarkable start to 2025, gaining significant attention in the cryptocurrency market. XRP gained 11% within 24 hours, reaching $2.35, while XLM surged by up to 38%, attracting investor interest. These two cryptocurrencies are showing signs of recovery from the declines experienced in the last quarter of 2024 and are signaling a rise in the early days of the new year.
Expectations for XRP at $3
Ripple's XRP is actively trying to break out of its long-standing consolidation range. Surpassing the $3 barrier could pave the way for a new all-time high (ATH). According to technical analyses, XRP's price may test the $2.68 resistance by breaking the rising triangle formation seen on the daily chart. However, there is a risk of a pullback at these levels.
This price increase in XRP is supported by a rise in market volume and favorable technical indicators. Notably, buy signals in the MACD indicator and the Ichimoku cloud being in the bullish region increase the likelihood of XRP maintaining its upward trend.
XLM Prepares for a New Record Price
Stellar (XLM) has made a strong breakout after moving in horizontal consolidation for the past few months, recording a 100% increase. After a slight drop below the $0.40 level, XLM's price may recover with an increase in volume. Experts suggest that after these levels, XLM may rise above $1, reaching a new all-time high.
The increase observed in the on-balance volume (OBV) indicator, along with rising trading volumes, indicates growing investor interest. However, the XLM price may experience a short-term pullback before continuing its upward movement. This situation could enable investors to enter the market with increased volume.
General Surge in the Altcoin Market
In addition to Ripple and Stellar, other altcoins have also gained notable profits at the beginning of the year. Cardano (ADA) increased by 8%, Algorand (ALGO) by 13%, and Hedera (HBAR) by 9%, creating a positive atmosphere in the altcoin market.
Analysts expect a general rise in the cryptocurrency market in 2025 due to the influence of Donald Trump's crypto-friendly policies, with an increasing interest from institutional investors in Web3 projects. It is likely that XRP and XLM will benefit from this positive sentiment and test new peaks.
This strong start could herald a profitable year for investors, marked by XRP surpassing the $3 level and XLM rekindling its peaks from 2024. However, short-term risks on price movements should be closely monitored.