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XRP Heating Up: $4.1 and $5.85 Could Be the Next Price Milestones

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Analysts predict XRP is warming up for a potential major rally to $4.1 or $5.85 amid recent price fluctuations.

The bull run in XRP has stalled, and holders are growing impatient with the ongoing ranging pattern. After reaching a seven-year high of $2.87 last week, XRP’s explosive bull momentum lost its spark. 

It has since dipped to nearly $2, rebounded, dipped again, and is currently in the process of rebounding. At press time, XRP is trading at $2.40, up 3% over the past 24 hours. 

XRP Warming Up for $4.1 and $5.85

While XRP’s performance in the last few days has not been encouraging for market participants anxious for the next leg up, analysts are offering reassurance that the asset is merely warming up. Among them is Dark Defender, a widely followed technical analyst.

“We are warming up,” he said in a post on X, referring to XRP’s price action. He went on to highlight resistance levels and support zones that enthusiasts can watch for based on Fibonacci retracement levels.

According to Dark Defender, if XRP’s bull momentum regenerates, the next target for the asset is between $4.11 and $5.85. Notably, these price levels far exceed XRP’s all-time high, suggesting that the token could target an unprecedented price range in the short term.

For the more immediate target of $4.11, XRP would need to surge by 78.1%. Meanwhile, for the upper target of $5.85, XRP would require a more substantial 145% price increase to reach that level.

XRP Support to Watch

Dark Defender has also identified support levels at $2.13 and $1.88 in case XRP encounters bearish pressure that drags its price down. These levels are seen as favorable entry points or areas where an unexpected major correction could be defended.

Perspectives of Other Analysts on XRP’s Next Move

Other analysts have shared comparable views with Dark Defender regarding XRP’s next move when the bull run resumes. For instance, Ben “BitBoy” Armstrong has similarly argued that XRP could target $4.5 before experiencing a major price correction. 

At the same time, some commentators have noted that XRP may first face resistance at its previous peak of $3.84. Successfully overcoming this barrier would then open the door for much higher price levels.

Meanwhile, while proponents are calling for a continuation of the bull run, critics are warning that XRP’s bull phase may have already concluded, with some suggesting a potential drop to $0.60. 

However, other analysts have contested this forecast, believing that XRP may just be beginning its next major move. They cite its seven-year price compression and other bullish fundamentals surrounding the coin.

Raoul Pal Highlights XRP Appeal to the Average Joe in AI Agent Critique

Investment strategist Raoul Pal suggests that XRP has strong appeal among everyday investors seeking entry into crypto.

Despite being at the center of the long-running legal battle between the U.S. SEC and Ripple, which previously led to mass delistings from top exchanges, XRP has managed to hold on to its place as a top cryptocurrency by market cap over the years. Recently, Real Vision CEO Raoul Pal has shed light on one likely reason why.

XRP Commands Normie Appeal

Raoul Pal has suggested that the average person is likely to buy XRP when they come into the crypto market. The investment strategist noted this in an X post on Thursday, January 2, critiquing the current AI Agent craze in crypto.

AI agents are autonomous software that leverages AI to interact with the blockchain. Made popular by Truth Terminal, the bot associated with the popular Goatseus Maximus (GOAT) meme coin, these new crypto market players have been tipped to revolutionize everything from on-chain transactions to portfolio management. It also helps that most iterations are tokenized, allowing proponents to gain from an AI agent’s popularity.

Pal, however, has expressed the view that the craze, which is increasingly gaining ground as a key crypto meta for 2025, is a fad. He suggested that the narrative only took off because high-risk market players were seeking a new thrill. 

“Fartcoin funny. Holds attention. Ai16z not interesting to normies. They’ll come in an [sic] buy XRP anyway,” Pal wrote, suggesting a potential lack of market fit for AI agents while highlighting XRP’s appeal.

Possible Reasons

While Pal does not go into details, there are various reasons why XRP is likely to appeal to everyday users seeking entry into crypto. These include low fees, relative lack of complexity, and its contested association with Ripple, a recognized software firm with a strong reputation in payments.

These are some of the factors that have allowed the crypto to build a “cult-like” following over the years, as Pal aptly put it in a video that made the rounds in August 2024. 

Notably, the Real Vision co-founder has not always been optimistic about XRP’s prospects. At the time, he advised XRP investors to stop holding on to the crypto, which he described as “irrelevant,” in favor of following the market momentum to newer offerings. 

He was, however, soon forced to eat his words as XRP mounted a blistering 475% rally between November 2024 and early December 2024, outperforming the broader crypto market.

The rally was sparked by market optimism following Donald Trump’s election victory. Many anticipate that the incoming administration will bring further clarity to the asset that the current SEC had tried to label a security.

Polymarket Data Shows 70% Chance of XRP ETF Approval in 2025

Data from the popular decentralized prediction platform Polymarket shows that the odds of an XRP ETF getting approved in 2025 have increased to 70%.

Notably, this poll was launched four days ago. Since then, the crypto community has continued to bet aggressively on the chances of the XRP product coming to fruition this year. In particular, this latest figure signifies a massive 20% uptick in the last 24 hours.

XRP ETF odds
XRP ETF odds

Additionally, a much older poll launched early last month asked about the odds of XRP ETF approval by July 31, 2025. Currently, this poll indicates a 49% chance.

Optimism Around XRP ETF

Meanwhile, some community members have even expressed that by the end of the first quarter of the year, the odds of the last poll showing a 70% chance will rise to 100%. 

The ongoing confidence in an XRP ETF is fueled by the arrival of a crypto-friendly U.S. government and the appointment of a pro-crypto SEC chairman, Paul Atkins.

Notably, the SEC is currently reviewing four applications for XRP ETFs. Prominent asset managers who have launched these XRP products include 21Shares, Bitwise, Canary Capital, and WisdomTree.

Bitwise opened the floor in October 2024, and others followed shortly after. Community members believe the XRP investment products have a better shot at approval with the new SEC leadership than they did under Gary Gensler’s tenure.

Other Altcoins See Significant ETF Betting Odds

Interestingly, the XRP ETF is not the only product on which crypto market participants are betting. The Polymarket platform has listings for ongoing betting odds for Dogecoin, Litecoin, and Solana ETFs.

Notably, the betting odds for Solana ETF approval in 2025 stand at 82%, up by 32% over the past day. This poll went live at the same time as the one currently reading 70% positive for XRP ETF. In other words, this suggests greater confidence in Solana ETF and XRP ETF among community members.

Meanwhile, Dogecoin and Litecoin are currently seeing lower chances of 23% and 42% for their ETF approval odds, respectively, suggesting that market participants see the arrival of their ETFs in 2025 as a long shot.

Altcoin ETFs betting odds
Altcoin ETFs betting odds

Bloomberg ETF Analyst Reacts

Commenting on the ongoing betting frenzy, Bloomberg ETF analyst Eric Balchunas expressed amazement that people can now bet on several altcoin ETF approvals. “What a country,” he said. 

He added that he’s not sure if he agrees with these odds, but for the record, there are no active 19b-4 filings for any of these ETFs yet, and typically, it takes 240 days for approval—meaning it would be beyond July. However, he acknowledged that the new SEC leadership could act faster.

Dogecoin Supertrend Flips Green on 3M Chart as Whales Amass Over 1B DOGE

Dogecoin whales procure over 1 billion Dogecoin tokens, coinciding with a bullish flip for the Supertrend indicator on the 3-month chart.

The latest accumulation spree comes amid a prevalent uncertainty across the broader crypto market. While the previous year, 2024, was bullish for the crypto market, with Dogecoin (DOGE) skyrocketing 252%, the last days of December 2024 featured market turbulence.

Dogecoin Whales Resume Accumulation

However, it appears the bulls might be retaking control of the market. Dogecoin has gained 7.44% this year, 2025. Now, in an interesting disclosure, Dogecoin whales appear to be jumping on the rebound effort.

According to a report from market veteran Ali Martinez, Dogecoin whales holding between 10 million and 1 billion tokens accumulated about 1.08 billion DOGE over a 24-hour period as of Jan. 2. 

This latest stunt has now brought the cumulative balance of these whales to 46.36 billion tokens, representing 31% of the Dogecoin supply.

Data from Santiment confirms that these whales distributed some of their holdings in early December 2024, as Dogecoin faced resistance at the $0.4844 mark and subsequently corrected. These Dogecoin whales, which held over 50 billion tokens at the time, embarked on a selloff spree until Dec. 27, 2024.

The market observed inactivity on their part until the new year, when they carried out the latest accumulation. This represents their first purchase campaign since Dec. 8 and demonstrates a renewal of optimism among these high-profile investors.

Martinez earlier highlighted a previous purchase of 300 million DOGE by these same whales. Meanwhile, The Crypto Basic has called attention to on-chain movements from several whale entities, with the latest one involving the transfer of 816 million DOGE. 

Dogecoin Supertrend Flips Green 

Interestingly, the recent accumulation from Dogecoin whales coincides with bullish technical developments around Dogecoin. Market analyst Crypto Surf recently revealed that the Supertrend indicator has flipped green on the Dogecoin 3-month chart. 

For the uninitiated, the Supertrend indicator helps identify trends using price and volatility by plotting a line with the crypto asset’s Average True Range (ATR). Notably, prices above the line indicate an uptrend, while prices below signal a downtrend.

Dogecoin 3M Supertrend Crypto Surf
Dogecoin 3M Supertrend | Crypto Surf

For context, the Supertrend had been bearish since January 2022. Despite Dogecoin’s 87% rise in March 2024 and subsequent 161% uptick in November 2024, the indicator remained bearish. 

It only recently flipped bullish at the start of January 2025, indicating that Dogecoin is now slipping into a bullish phase. The last time this indicator turned green on the 3M chart was in April 2017. This event led to a 5,587% increase to $0.01877 in January 2018 and another 3,837% rise to $0.7390 in May 2021.

If its signals prove true again, Dogecoin could be on track for another explosive run. Market experts have predicted price targets such as $4 for DOGE following a breakout. At press time, Dogecoin trades for $0.3403, up 3.16% in the last 24 hours.

‘Two Friends, One Passion’: Bitcoin on the Menu as Michael Saylor Meets Eric Trump

MicroStrategy chairman Michael Saylor has met with Donald Trump’s son, Eric Trump, sparking speculations within the cryptocurrency community.

The meeting took place in Mar-a-Lago, President-elect Donald Trump’s private club in Palm Beach, Florida. Notably, Eric Trump announced the rendezvous in a tweet on Friday, and Saylor confirmed with a retweet.

Bitcoin On the Menu

Although neither Eric nor Saylor disclosed details of the meeting, both suggested it pertains to Bitcoin and the crypto industry. “Two friends, one passion: Bitcoin,” Eric tweeted.

The former MicroStrategy CEO also implied that Bitcoin was part of the discussion with Trump’s son. According to his disclosure, “Bitcoin is on the menu at Mar-a-Lago.”

Notably, Saylor threw his support to Donald Trump during his campaign days. The Bitcoin evangelist backed the Republican candidate due to his warm disposition towards the cryptocurrency industry and has often criticized the Biden administration for setting the sector backward.

Moreover, the MicroStrategy chairman indicated interest in advising the incoming Trump administration on cryptocurrencies. In a mid-December Bloomberg interview, Saylor noted that he would be willing to share his thoughts on constructive digital asset policies with Trump confidentially or publicly.

Community Shares Bullish Thoughts

Meanwhile, Saylor’s tweet elated the crypto community, which flogged on the bullish nature of the meeting. A good number of reactions to the tweet emphasized that the meeting further discloses the incoming administration’s commitment to the industry, predicting that Bitcoin would see higher prices soon.

Furthermore, a reaction suggested that the meeting might center around creating a US strategic Bitcoin reserve, an area where Saylor has demonstrated expertise. Notably, the executive chairman convinced the video-sharing platform Rumble to save in Bitcoin and also made a failed attempt to convince Microsoft to adopt the asset as a strategic reserve asset.

Shiba Inu Finally Confirms Launch Date of TREAT Token 

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Shiba Inu ecosystem team officially starts 2025 with a bang as it confirms the launch date of its highly anticipated token TREAT. 

This was confirmed yesterday in an X post from TREAT’s dedicated X account. According to the team, TREAT’s highly anticipated launch is scheduled for this month, January 2025. However, the team did not confirm the exact day of the month TREAT will make its official debut. 

TREAT Launch Delay  

The team has been hinting at the potential launch of TREAT over the past two years. For context, it introduced TREAT in 2022, characterizing the token as Shiba Inu’s key to complete decentralization. 

In April 2024, the team revealed that it sold some portion of the token to venture capitalists in a $12 million fundraiser for its upcoming Layer-3 privacy blockchain. 

Following the announcement, the community expected the public sale of TREAT to follow suit. However, this expectation did not become a reality, as the team did not disclose the official launch date at the time. 

Notably, scammers exploited this delay to launch fake versions of TREAT tokens to defraud unsuspecting investors. In response, the team issued several warnings, informing the community that TREAT is not publicly available. 

Interestingly, Shiba Inu has decided to end all speculation about TREAT by confirming that the token will launch this month. 

Shiba Inu Lead Reacts 

Commenting on the development, Shiba Inu’s enigmatic leader, Shytoshi Kusama, explained TREAT’s relevance to the ecosystem. He characterized the token as a “capstone and key” to Shiba Inu’s “full and perpetual decentralization.” 

He revealed plans to provide more insights about the token in his podcast, where he will highlight its relevance to Shiba Inu’s success. 

According to Kusama’s schedule for the year, he will discuss TREAT during the Tuesday segment of his weekly podcast. He will explain the token’s utility and how it fits into the broader Shiba Inu ecosystem, giving the community a full understanding of TREAT’s role and significance. 

TREAT’s Roles in Shiba Inu’s Ecosystem 

Meanwhile, the team provided insight into the roles TREAT will play within the Shiba Inu ecosystem. 

It is crucial in unlocking advanced features within the Shiba Inu ecosystem, granting holders access to innovative features and solutions. 

The token powers WOOF Wars: Farming 2.0, an advanced yield farming mechanism that allows users to maximize their earnings through veTREAT (vote escrowed TREAT) for governance and other initiatives. 

It also governs the Network State of Shiba Inu’s innovation branch, potentially enabling strategic investments. TREAT will be integrated into SHIB Pay, an on-chain payment solution that redefines how transactions are made and creates real-world utility for the token. 

XRP Price Action Is Just Noise Unless It Breaks These Two Key Levels

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A notable market commentator believes XRP price action is still noise until it breaks above a critical decisive level.

For context, XRP has been on an impressive recovery streak, crossing the $2.4 threshold to reach $2.45 amid an 11% weekly gain. 

Despite this bullish momentum, prominent analyst EGRAG Crypto argues that XRP’s price movements remain inconclusive until it breaks through key levels. He highlighted the importance of the $2 and $2.6 thresholds in determining the next phase of XRP’s trajectory.

Level XRP Needs to Breach

The analyst’s accompanying chart shows XRP’s consolidation within a symmetrical triangle pattern. Notably, the chart displays a narrowing range, with XRP’s price oscillating between $2 and $2.6. 

According to the market analyst, the $2.6 resistance zone mirrors the previous resistance levels of $0.60, $0.65, and $0.75 observed earlier in 2024—though now shifted $2 higher. Throughout 2024, XRP oscillated below these levels and did not make a decisive move until it broke above them.

The analyst says breaking above $2.6 could similarly signal a breakout toward higher targets, while a confirmed drop below $2 could lead to bearish price action. As XRP closed 2024 above $2, it demonstrated resilience, but it still needs to conquer $2.6 for a decisive push up.

However, on the downside, he warns of risks if XRP drops below $2, leading to further declines. For now, the symmetrical triangle remains intact, with XRP consolidating and testing these boundaries.

XRP Now in a Bullish Position 

Further, adding strength to the bullish case, EGRAG highlighted favorable indicators. Particularly, the Stochastic RSI is retesting with a bullish cross underway, signaling potential upward momentum. 

XRP SRSI EGRAG Crypto
XRP SRSI EGRAG Crypto

In addition, on the 3D chart, the Relative Strength Index (RSI) has rebounded from the 65 level and aims to push toward the 70–74 region, which would confirm stronger buying pressure.

XRP RSI EGRAG Crypto
XRP RSI | EGRAG Crypto

Meanwhile, in a separate report, another analyst, Dom, compared XRP’s current price action and its performance during the 2017 bull run, calling attention to the ongoing consolidation pointed out by EGRAG.

Dom noted that in this cycle and in the 2017 cycle, XRP consolidated around the 20–40 day Exponential Moving Average (EMA) after an initial rally. In 2017, this pattern led to a second leg up, eventually propelling XRP to its all-time high of $3.31 in January 2018.

Similarly, with XRP now consolidating around the EMA bands after a rally and a pullback, Dom believes history could repeat. He says XRP’s 30-day consolidation period could set the stage for another breakout, especially following its strong weekly performance. 

Potential On-Chain Catalyst

Moreover, on-chain developments could also help in boosting XRP’s price action. Polymarket, a blockchain-based prediction platform, now estimates a 70% likelihood of XRP securing ETF approval in 2025. 

Major firms, including Bitwise and WisdomTree, filed for XRP ETFs last year. Approval of these funds could bring substantial institutional capital into XRP, amplifying its bullish momentum when a breakout from EGRAG’s symmetrical triangle occurs.

Here is How High Dogecoin Must Rise to Turn $1,000 Into $10K, $100K and $1M

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Dogecoin would have to rally by an ambitious margin from its current price to transform a modest investment to a million-dollar fortune.

The Dogecoin (DOGE) market has not been as attractive as it was immediately after the Donald Trump election victory early last month. Notably, following this significant event, Dogecoin rallied from a price of $0.1582 on Nov. 5 to a three-year peak of $0.48 on Nov. 23.

Optimism Amid Consolidation

The bullish momentum slowed following this top, but Dogecoin managed to reach a new high of $0.4843 when the bulls resumed control of the market for a brief period. However, this preceded a turbulent phase, which has persisted over the past three weeks.

Amid this turbulence, Dogecoin now changes hands at $0.3165. Despite the consolidation, market analysts believe Dogecoin’s recovery could lead to a massive upsurge. This has contributed to sustained optimism, as wallets, especially those holding between $100 to $1,000 in DOGE, continue to increase their holdings, per IntoTheBlock data.

Dogecoin Holders IntoTheBlock
Dogecoin Holders | IntoTheBlock

Most of these investors expect their investments to skyrocket to attractive levels, such as $10,000, $100,000 or even $1 million should Dogecoin claim some of the ambitious targets set by market watchers. However, the extent of the meme coin’s recovery rally remains uncertain amid the anticipation.

We recently evaluated how much Dogecoin must rise to reach some of these investment goals. For context, an investor holding $1,000 worth of Dogecoin at the current price possesses about 3,160 DOGE tokens.

How High Dogecoin Must Rise to Turn $1K to $10K, $100K and $1M

For these 3,160 tokens to reach a value of $10,000, Dogecoin would need to skyrocket to $3.165 per token, representing a 900% increase from the current price. Moreover, the worth of these tokens will only reach the $100,000 mark if DOGE claims a price of $31.65. This would mark a spike of 9,900%.

Meanwhile, investors looking to realize up to $1 million from their current $1,000 investment would need to await higher price levels. For this investment goal to materialize, Dogecoin must surge by an astonishing 99,900% to a price of $316.5.

While the $31.65 and $316.5 price targets appear overly ambitious, analysts have projected that Dogecoin could even transcend the $3.165 level. For instance, late last month, market commentator Crypto Scofield boldly asserted that it was only a matter of time before DOGE claimed $3. 

Earlier this month, veteran analyst Ali Martinez maintained his Dogecoin price targets of $3 and $18 despite the pullback. Interestingly, some believe even the $31 mark is not out of reach. In a recent analysis, Trader Tardigrade predicted a Dogecoin rally to $30 if DOGE repeats its 2017 uptrend.

XRP Open Interest Spikes 19% to Top $2B as Volume Hits 11-Day Peak Amid Price Recovery 

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XRP Open Interest (OI) spikes 19% to cross the $2 billion mark as trade volume reaches a 1-week peak amid ongoing price rebound.

For context, XRP’s rebound comes on the back of a comparative recovery across the broader market. However, the altcoin appears to be leading the charge, having increased by an impressive 11% over the past 24 hours to retest the $2.40 price territory.

This bullish push follows XRP’s impressive close above $2 last year, 2024. Notably, this marked the first time the crypto asset ended a year above the $2 mark throughout its history. As momentum builds amid improved sentiments, interest in the asset has skyrocketed in the spot and futures markets.

XRP Open Interest Spikes 19%

Particularly, data from Coinglass confirms that XRP Open Interest hit a peak of $2.29 billion today, marking an impressive 19% increase from the $1.93 billion figure recorded the previous day, being New Year’s Day. 

XRP Open Interest Coinglass
XRP Open Interest | Coinglass

Interestingly, the latest $2.29 billion figure marked the first time since Boxing Day, Dec. 26, 2024, that XRP Open Interest in the futures market crossed the $2 billion mark, representing a six-day top. Open interest refers to the total number of outstanding derivative contracts. A spike typically indicates an increase in market activity and liquidity.

Notably, these spikes in XRP Open Interest appear to occur alongside comparative surges in prices. A similar 46% increase in OI on Christmas Day accompanied a surge in XRP’s price above $2.32.

However, as XRP Open Interest dropped amid a decline in market activity and liquidity, prices also collapsed, with the broader market experiencing a post-Christmas correction from Dec. 27. The latest increase in OI now occurs alongside the latest market recovery.

XRP’s Volume Hits 11-Day Peak

In addition, XRP volume in the spot market has witnessed an impressive spike, as traders and investors flock into the market. According to data from CoinMarketCap, XRP’s volume has increased by a massive 153% over the past 24 hours to $10.97 billion at press time.

This represents XRP’s highest 24-hour volume in 11 days. The last time the altcoin witnessed this volume peak was on Dec. 22, 2024, as prices hovered around the $2.29 region. 

Now, XRP currently changes hands at $2.40, looking to transcend this price level on its journey to greater levels. The asset’s market cap now stands at $137.73 billion following Ripple’s latest escrow unlock. Some analysts like EGRAG Crypto believe XRP could target lofty targets such as $27 this year, 2025. 

Binance Expands in Brazil with Central Bank Approval, Becomes First Exchange to Receive Broker License

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Binance has achieved a milestone by securing approval from the Central Bank of Brazil to acquire Sim;paul, a licensed broker-dealer. 

This move makes Binance the first crypto exchange to obtain a broker license in Brazil. The development is part of Binance’s strategy to align with regulatory frameworks in key markets while expanding its reach within Latin America.

Notably, the acquisition allows Binance to operate as an authorized broker-dealer to distribute securities and issue electronic money.

Brazil’s Regulatory Framework 

Brazil has taken steps toward establishing a regulatory framework for the cryptocurrency industry. Binance’s acquisition approval coincides with ongoing efforts by the Brazilian Central Bank and IRS to develop comprehensive rules for the sector.

Currently under public consultation, these proposals aim to address asset segregation and stablecoin regulations, among other areas. 

Binance’s broker-dealer license positions the exchange to align more efficiently with these developments. Per their press release, the broader context highlights Brazil’s status as a leading market for crypto adoption, ranking 10th globally in the Chainalysis adoption index. 

Guilherme Nazar, Binance’s Head of Latin America, described the approval as a major step in the company’s efforts to broaden its offerings in Brazil. He emphasized that this achievement reflects Binance’s focus on regulatory compliance and its commitment to delivering innovative and secure financial solutions.

Binance’s Global Regulatory Expansion

Binance’s approval in Brazil follows a series of regulatory milestones achieved in 2024. Earlier this year, the exchange registered as a reporting entity with India’s Financial Intelligence Unit (FIU). This step strengthened its compliance with anti-money laundering standards in the Indian market. 

Richard Teng, Binance’s CEO, described the registration with India’s Financial Intelligence Unit (FIU-IND) as a pivotal achievement for the company. Highlighting the significance of the Indian Virtual Digital Asset (VDA) market, Teng emphasized that aligning with local regulations enables Binance to customize its offerings to better meet the needs of users in India.

Similarly, in Argentina, Binance joined the National Securities Commission’s Virtual Asset Service Providers Registry, ensuring its full suite of services is accessible to users in the region.

Binance’s registration with Argentina’s National Securities Commission ensures full accessibility of its platform to users in the country. This approval allows Argentina-based users to utilize the entire range of Binance’s services and features.