XRP News Today: Will XRP Hit $10 by the End of 2025? – Ripple Price Prediction

A series of positive developments for Ripple are increasing its chances in the market. Anyway, that leaves many wondering – is hitting $10 by the end of 2025 something that’s real to expect?

We’ve analyzed the technical indicators and examined the current data to give a clearer picture of what could be in store.

On the other side, PlutoChain ($PLUTO) is a new Layer-2 solution that could give Bitcoin a bigger role in decentralized finance (DeFi). The project plans to introduce smart contracts to the Bitcoin network and offer potential upgrades that could significantly improve Bitcoin’s functionality.

This could make Bitcoin more adaptable and open up new possibilities in DeFi. It’s a project worth keeping an eye on.

Let’s take a closer look at the details!

XRP Price Prediction — Do Technical Indicators Support a $10 Target by 2025?

Ripple is taking off once again with its institutional support exploding and its recent legal victory against the SEC, which has boosted the outlook for XRP.

In Q3 2024, Ripple saw increasing interest in XRP-based financial products from bigger players such as Bitwise, Canary, and Grayscale. All these developments show us that XRP is finally getting recognized as a legitimate asset within the finance sector.

Ripple’s partnerships, along with new XRP products like ETFs and trusts, signal the platform’s solid foundation for long-term growth.

Despite regulatory challenges, its market activity continues to rise even more, while its hope of becoming another big name in the sector now looks more promising than ever.

As of December 13, 2024, it’s trading at $2.42, recording an increase of over 230% in just over the past month.

The current short-term bullish trend for XRP suggests that the basic bullish scenario is about to continue. For now, long positions may be favorable as long as the price stays above $2.28.

If buyers manage to push the price above the resistance at $2.44, it could strengthen the bullish trend. In that case, the next target would be $2.54, and if the momentum continues, $2.60 would be the next level to watch.

The moving averages for XRP reflect a strong bullish trend, as all key time frames are signaling “Buy.” The price remains above these averages, reinforcing positive market sentiment.

With 12 “Buy” signals and no “Sell” signals, the trend indicates robust upward momentum.

Specific levels, such as the 2.42 mark for MA5 and 2.41 for MA10, further confirm the ongoing strength which suggests potential for continued growth as the price maintains a steady position above these averages.

This suggests that, based on these technical indicators, it is in a bullish phase, and investors could consider this a signal to buy, as the momentum appears strong.

Traders Union predicts a maximum price of $3.46 by the end of 2025 and points out that a $10 is very optimistic – but still possible.

PlutoChain and Bitcoin — The Next Step in Blockchain Technology?

PlutoChain ($PLUTO) offers a Layer-2 solution designed to upgrade the Bitcoin tech by enabling smart contracts and decentralized applications (dApps).

Bitcoin’s 10-minute block time has made it less suitable for hosting complex applications, allowing platforms such as Ethereum, Solana, and Cardano to dominate this sphere with way faster speeds and much bigger flexibility.

PlutoChain solves that challenge with its hybrid L2 blockchain with a block time of just 2 seconds, giving developers the tools to build dApps on Bitcoin’s safe and trusted foundation.

Top Features and Innovations of PlutoChain You Should Know

PlutoChain introduces a range of features that could change the traditional usage of Bitcoin.

Its testnet has already handled over 43,000 daily transactions –this figure shows us its scalability and potential for real use.

While the whole project focuses on community governance – it enables adopters to have a word in protocol updates and network decisions.

To make sure that trust and reliability are on a certain level, $PLUTO has passed independent audits by SolidProof, QuillAudits, and Assure DeFi.

Another main feature is its Ethereum Virtual Machine (EVM) compatibility, which combines Ethereum’s flexibility with Bitcoin’s security.

This could make it easier to move Ethereum-based applications to Bitcoin and possibly open new opportunities for DeFi, NFTs, and AI-driven projects.

Conclusion

Bitcoin is more seen as a store of value than a platform for applications – and PlutoChain could change that by bringing smart contract capabilities to Bitcoin’s network.

This project might open new doors for developers to build DeFi protocols, NFT platforms, and other dApps while taking the fame of Bitcoin’s famous security.

With these innovations, it could create a significant buzz after its mainnet launch

Please keep in mind that this article is not financial advice. All crypto tokens are volatile, and trading involves risk. Always do your own research and consult a qualified expert before joining any crypto venture. Mention of any tokens in this article does not guarantee future performance. Statements regarding the future carry risks and are not assured to be updated.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.