A crypto analyst has issued a new XRP price prediction, forecasting a potential breakout that could see the prominent cryptocurrency skyrocketing to $4.9. With the formation of a classic bull flag pattern and the 1-Day 50 Moving Average (MA) acting as a bullish catalyst, the analyst is increasingly confident that XRP will reach new All-Time Highs (ATH) in 2025. How The 1-Day 50 MA Will Propel XRP Price To $4.93 The 50-day MA is a technical indicator used to track the average closing price of a cryptocurrency over the last 50 trading days. According to Dr. Dovetail, a TradingView crypto analyst, the 1-day 50 MA, indicated by the orange line in his XRP price chart, has risen to the lower boundary of a bull flag pattern. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The analyst suggested that XRP’s price action, which has been in a consolidation phase after its big pump, triggered the formation of the classic bull flag pattern. This bullish continuation pattern typically occurs after a strong upward movement, followed by a price correction that leads to consolidation. Historically, when a cryptocurrency consolidates near strong moving averages like the 1-day 50 MA, it indicates the readiness for a price breakout. Looking at his technical chart, the 1-day 50 MA plays a crucial role in Dr. Dovetail’s analysis and bullish XRP price prediction. The analyst believes this Moving Average can push the XRP price out of its consolidation nest to its next bullish target. Based on the confluence of technical patterns and indicators, the dotted ascending line in the analyst’s XRP chart indicates a potential price target of $4.93. Dr. Dovetail extended his forecast, highlighting that XRP could achieve this ambitious all-time high before February 2025. The XRP price chart has also indicated a volume bar showing relatively stable activity during the cryptocurrency’s consolidation phase. Additionally, the Stochastic Relative Strength Index (RSI) at the bottom of the chart suggests that XRP may be oversold, supporting the potential for a breakout. While Dr. Dovetail acknowledged that his predictions were not financial advice, the TradingView analyst expressed confidence that the current technical setup in the XRP chart could push its price to $4.93 this year. This target would represent a 105% surge from XRP’s current market value, underscoring a significant move upward from its consolidation phase. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Update On XRP Price Analysis According to data from CoinMarketCap, the XRP price is presently trading at $2.41, marking a noteworthy 8.79% increase over the past week. Delving deeper into its price action and ongoing consolidation phase, XRP experienced a severe downturn after it surged from $0.5 to above $2 in November 2024. Over the past few weeks, the cryptocurrency has struggled with volatility as it aims to reclaim its all-time high of $3.84, attained during the 2021 bull run. Nevertheless, XRP still holds its position as the third-largest cryptocurrency by market capitalization. Featured image created with Dall.E, chart from Tradingview.com
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Michael Saylor’s plan to burn his Bitcoin after death – Following Satoshi’s steps?
Michael Saylor says burning Bitcoin address holder wallets` pass keys after their death could boost BTC`s value in the long run. NewsBTC
Best Long Term Cryptos to Invest in 2025: Web3Bay, Ethereum, Solana, Polkadot, & Toncoin
In a world where cryptocurrencies are redefining the boundaries of technology and finance, a few pioneering projects stand out for their groundbreaking potential and enticing growth prospects. From Web3Bay’s innovative approach to decentralized commerce to Ethereum’s leadership in the dApp space, these altcoins are not just participating in the future—they are creating it. With Solana’s exceptional speed and scalability, Polkadot’s innovative interoperability, and Toncoin’s strategic integration with Telegram, the array of choices for savvy investors has never been more appealing. These best long term cryptos are poised to be not just participants but leaders in the blockchain revolution. 1. Web3Bay: Leading the Decentralized Commerce Revolution Web3Bay is revolutionizing e-commerce with its blockchain-driven platform, designed to eliminate middlemen and provide unprecedented transparency and security. Offering flexible payment solutions that accept both crypto and traditional methods like PayPal, Web3Bay is tailored for user convenience. The 3BAY token is crucial within this ecosystem, enabling transactions, providing governance rights, and offering discounts. The token’s price is set to soar, starting at $0.003 and projected to rise to $0.1959. Currently, in its third presale phase at $0.0039675 per token, Web3Bay has already seen over $320,000 raised and more than 92 million tokens sold. This significant interest is bolstered by Web3Bay’s use of decentralized storage solutions like IPFS, enhancing data security and privacy. With plans to integrate NFTs, DeFi tools, and smart contracts, Web3Bay is one of the best long term cryptos to invest in 2025. 2. Solana: Pioneering High-Speed Blockchain Solutions Known for its ultra-fast transaction capabilities, Solana can process over 65,000 transactions per second, making it a haven for NFT and DeFi developers. Its SOL token, indicative of robust market confidence at around $216, is part of an ecosystem that includes everything from decentralized exchanges to immersive blockchain games. Solana’s commitment to maintaining high efficiency while scaling up ensures it remains at the cutting edge of blockchain technology, making it one of the best long term cryptos to invest in 2025. 3. Ethereum: The Unwavering Titan of Decentralized Applications As the backbone of decentralized applications, Ethereum continues to dominate with significant upgrades like Ethereum 2.0, which promises reduced energy usage and greater scalability. As it tackles high transaction fees and network congestion, Ethereum remains at the forefront of the blockchain sector. The ETH token, trading at approximately $3,633, reflects Ethereum’s solid performance and ongoing relevance. With its vibrant ecosystem fostering innovations in DeFi, NFTs, and Layer 2 solutions, Ethereum is a top choice for investors looking to tap into a proven leader in blockchain technology. 4. Polkadot: The Architect of Blockchain Interoperability Polkadot stands out for enabling seamless interactions between diverse blockchains. Its unique parachain architecture not only supports custom blockchain creation but does so with enhanced security and scalability. As Polkadot expands its network with new parachains, its POL token facilitates key operations like governance and staking, solidifying its position as a groundbreaking investment in the evolving blockchain landscape. 5. Toncoin: Harnessing the Power of Telegram Toncoin leverages its integration with Telegram to tap into a vast user base, driving widespread adoption of blockchain solutions. Designed for speed and security, Toncoin is quickly becoming a preferred choice for decentralized applications and payment systems. Its price at approximately $1.66 and its integration with Telegram make Toncoin a standout altcoin, providing easy access to blockchain features directly through the messaging app. A Year of Unprecedented Opportunities As we look towards 2025, the crypto market is bustling with opportunities that promise to redefine technology and finance. With Web3Bay’s innovative commerce solutions, Ethereum’s ongoing dominance, Solana’s unmatched speed, Polkadot’s connectivity, and Toncoin’s unique messaging app integration, the stage is set for transformative changes. For those eager to be part of this thrilling journey, these best long term cryptos offer not just investment opportunities but a chance to be at the forefront of technological innovation. Make sure to conduct thorough research and strategic planning to navigate this promising yet complex landscape confidently. The post Best Long Term Cryptos to Invest in 2025: Web3Bay, Ethereum, Solana, Polkadot, & Toncoin appeared first on TheCoinrise.com . NewsBTC