Join Our Telegram channel to stay up to date on breaking news coverage
The XRP price rose over 1% in the past 24 hours to trade at $2.188 as of 5:00 a.m. EST, with a 6% increase in trading volume to $1.8 billion.
This comes as BitGo, the leading infrastructure provider of digital asset solutions, and VivoPower, a publicly traded company, announced a strategic partnership.
VivoPower, having already raised $121 million, will leverage BitGo as an exclusive over-the-counter (OTC) trading desk to acquire XRP for its initial $100 million acquisition of XRP tokens.
XRP Price Converging On The Falling Wedge Pattern, Signals A Possible Breakout
The XRP price chart on the 3-day timeframe is currently exhibiting a well-defined falling wedge pattern, characterized by converging trendlines sloping downward.
This formation has been developing since the Ripple token price peaked near $3.37 and began a gradual correction, as GeckoTerminal data shows.
What makes this pattern particularly significant is its context; it appears after a sharp rally, which adds to its bullish reversal potential.
The wedge’s support has been tested multiple times, especially near the $2.00 area, which aligns with the 0.382 Fibonacci retracement level ($2.2758) and psychological support.
The resistance trendline, meanwhile, has capped several rally attempts, most recently around $2.70–$2.80 (point D). XRP is now consolidating toward the apex of the wedge, suggesting a breakout is likely imminent.
This setup is reinforced by the ABCD harmonic pattern, also near completion, adding further confluence that a directional move could follow soon.
Furthermore, the 50 Simple Moving Average (SMA), currently at $2.4051, is acting as a near-term resistance level.
Meanwhile, the 200 SMA at $1.1579 remains significantly below the current price, underscoring that the macro trend remains bullish.
The Relative Strength Index (RSI) sits at 46.89, near the midline, suggesting neutral momentum with room to the upside.
XRP Price Prediction
With the falling wedge pattern, XRP is showing signs of a potential bullish reversal.
If the Ripple token can break and close above the wedge resistance, particularly with a move above the $2.40–$2.50 zone, it would confirm the breakout and open the door to a move toward the 0.236 Fibonacci level at $2.69, and potentially retest the highs around $3.36.
On the flip side, if XRP fails to hold the $2.00 support zone and breaks down from the wedge, the next key support lies at $1.93 (0.5 Fib) and $1.60 (0.618 Fib).
Meanwhile, investors are flocking to a new Solana project called Solaxy (SOLX), which has just announced that its parabolic presale will conclude in approximately 13 days, with listings to follow shortly thereafter.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Powers Past $43.6 Million – 13 Days Left To Buy
Solaxy is the native token of Solana‘s first-ever layer-2 (L2) solution and one of the most anticipated new cryptos. Its presale has also emerged as one of the best crypto ICOs in 2025, having raised over $43.6 million.
Solana has become increasingly susceptible to congestion whenever there’s a spike in network activity. Enter Solaxy.
By building the first-ever L2 on Solana, Solaxy aims to facilitate faster transactions while maintaining the network’s security and efficiency.
The project aims to solve Solana’s congestion problems with features like transaction bundling and off-chain processing.
Although Solaxy is built to work with Solana, the project will first launch on Ethereum. The team is developing a bridge between the two blockchain networks to connect them.
The team has also launched a testnet blockchain explorer and optimized rollup handling for enhanced efficiency.
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
By buying and holding SOLX, users can also earn passively through the platform’s staking mechanism, which offers an annual yield of 93%.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens at the current price of $0.001744 each using BNB, ETH, USDT, or a bank card.
Buy before the presale ends in about 13 days.
Related News:
- Strategy Unveils $250M STRD Offering To Buy More Bitcoin
- Hyperliquid Price Soars 8% And This Might Be The Next Crypto To Explode
- SKY Is Top Gainer After 13% Pump As USDS Rewards Launch
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
