• XRP adoption saw an uptick as wallet addresses surpassed 6.4 million, fueling long-term confidence in the ecosystem
• Analysts say $10 is possible, but optimal re-entry points lie below $2.80

XRP 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. 

With total wallet addresses surpassing 6.4 million and in light of XRP Ledger’s rising adoption, traders are now closely watching whether the cryptocurrency can hit $10 or not. 

XRP’s rally and price levels

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. 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 $3.18 at press time.

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. 

Worth noting, however, that despite the altcoin’s weekly losses, the crypto climbed by almost 3% in the last 24 hours. 

Key support and demand zones

XRP’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.

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 between 50 and 60 – A sign that the market was neither overbought

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Author: Olivia Stephanie