A series of positive developments have increased opportunities for Ripple in the market. Regardless, many are wondering – is reaching $10 by the end of 2025 really something to expect?
We analyzed technical indicators and examined current data to get a clearer picture of what could happen in the future.
PlutoChain ($PLUTO), on the other hand, is a new layer 2 solution that could give Bitcoin a bigger role in decentralized finance (DeFi). This project will introduce smart contracts to the Bitcoin network and provide upgrades that could significantly improve Bitcoin’s functionality.
This could make Bitcoin more adaptable and open up new possibilities for DeFi. It’s a project worth watching.
Let’s take a look at the details!
XRP Price Prediction — Do Technical Indicators Support the $10 Target by 2025?
Ripple is back on track with an explosion of institutional support and a recent legal victory against the SEC boosting XRP’s prospects.
In Q3 2024, Ripple noticed increased interest in XRP-based financial products from major companies such as Bitwise, Canary, and Grayscale. All these developments indicate that XRP is finally being recognized as a legitimate asset in the financial sector.
The Ripple partnership, along with new XRP products such as ETFs and trusts, represents a solid foundation for the platform’s long-term growth.
Despite regulatory challenges, the company’s market activity continues to increase, and its hopes of becoming another big name in the field look more promising than ever.
As of December 13, 2024, it is trading at $2.42, an increase of over 230% in the past month.
XRP’s current short-term bullish trend suggests that the fundamental bullish scenario is about to continue. At the moment, long positions can be profitable as long as the price remains above $2.28.
The bullish trend could strengthen if buyers can push the price above the $2.44 resistance level. In that case, the next target would be $2.54, and if this momentum continues, the next notable level would be $2.60.
XRP’s moving averages reflect a strong bullish trend, as all major timeframes are giving buy signals. Prices remain above these averages, reinforcing positive market sentiment.
Although there are 12 “buy” signals and no “sell” signals, the trend shows solid upward momentum.
Certain levels such as the 2.42 mark on MA5 and the 2.41 mark on MA10 further point to continued strength suggesting the potential for continued growth as prices maintain stable positions above these averages. I support it.
This suggests a bullish phase based on these technical indicators, and investors may consider this a buy signal as momentum appears to be strong.
Traders Union predicts a peak price of $3.46 by the end of 2025, noting that $10 is very optimistic but still possible.
PlutoChain and Bitcoin — the next step in blockchain technology?
PlutoChain ($PLUTO) provides a layer 2 solution designed to upgrade Bitcoin technology by enabling smart contracts and decentralized applications (dApps).
Bitcoin’s 10-minute block time makes it less suitable for hosting complex applications, so platforms like Ethereum, Solana, and Cardano are stepping up to the plate in this space with faster speeds and much greater flexibility. Now you can have it to yourself.
PlutoChain solves that challenge with a hybrid L2 blockchain with a block time of just 2 seconds, giving developers the tools to build dApps on top of the secure and trusted foundation of Bitcoin.
PlutoChain main features and innovations you should know about
PlutoChain introduces various features that could change the traditional usage of Bitcoin.
Its testnet is already processing over 43,000 transactions every day. This number shows its scalability and potential for practical use.
The entire project focuses on community governance, which allows adopters to have a say in protocol updates and network decisions.
To ensure a certain level of reliability and credibility, $PLUTO has passed independent audits by SolidProof, QuillAudits, and Assure DeFi.
Another key feature is its compatibility with the Ethereum Virtual Machine (EVM), which combines the flexibility of Ethereum with the security of Bitcoin.
This could make it easier to migrate Ethereum-based applications to Bitcoin, opening new opportunities for DeFi, NFTs, and AI-driven projects.
conclusion
Bitcoin is seen more as a store of value than an application platform, but PlutoChain could change that by introducing smart contract capabilities to the Bitcoin network.
This project could open new doors for developers to build DeFi protocols, NFT platforms, and other dApps while continuing Bitcoin’s famous security reputation.
These innovations could create a big buzz after mainnet launch
Please note that this article is not financial advice. All crypto tokens are unstable and trading involves risk. Always do your own research and consult a qualified professional before participating in any cryptocurrency venture. Mention of tokens in this article is not a guarantee of future performance. Forward-looking statements involve risks and there can be no guarantee that they will be updated.
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before acting on the information presented in this article.
Source: https://bravenewcoin.com/spoons/presale/xrp-news-today-will-xrp-hit-10-by-the-end-of-2025-ripple-price-prediction