XRP Expected to Hit 7$ On Jan 25 While PlutoChain Could Attract Whale Interest: New Ripple Price Prediction

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/PlutoChain/ –XRP is projected to hit $7 by January 2025 — a bold claim grounded in Ripple’s expanding partnerships, increasing blockchain adoption, and the clarity following its SEC legal battle.

But how realistic is this target? We’ll analyze the key drivers, potential obstacles, and market conditions to determine whether this milestone is within reach or overly ambitious.

Also, we’ll take a look at this new hybrid Layer-2 project – PlutoChain ($PLUTO).

With a plan to add smart contracts to Bitcoin’s network, this new project just might be able to expand BTC’s functionalities and activate its “full potential”. PlutoChain is drawing attention with its presale, exceeding 2 million tokens in sales.

Let’s check out the deets.

Granular Look at XRP’s Technical Charts and Data – Is $7 Possible in January 2025?

XRP is currently trading around $2.20, with an 8.7% dip in the last week. However, the project is still up by 50% since the end of November.

Right now, XRP has strong support at $2.30, meaning buyers are stepping in to keep the price from falling further. On the other hand, the first big resistance is $2.94. Breaking through this level could open the path to $3.55, XRP’s previous all-time high.

But to reach $7, XRP will need to smash through several more resistance levels with strong momentum.

XRP’s recent trading volume — over $23 billion in just 24 hours — shows there’s a lot of activity at the moment. High volume can be a good sign, especially when it’s paired with upward price movements.

The momentum is currently steady but not explosive, meaning it might need more market-wide enthusiasm to see a significant price jump.

The project’s RSI is currently in the middle range, suggesting it has room to grow without becoming overbought too quickly. It’s also trading above its 200-day moving average, which is a good sign for long-term growth, but still below its 50-day average — a short-term barrier it will need to overcome.

According to recent insights from Santiment, reported by crypto analyst Ali Martinez, substantial XRP purchases have occurred, with whales acquiring 80 million tokens since the market correction started on December 17.

This surge by major investors indicates a rising belief in XRP’s long-term prospects, even amid its current price dip.

For XRP to hit $7, it needs to break through key price levels, maintain strong trading activity, and see broader market support. While it’s not impossible, everyday traders should keep an eye on these key indicators.

PlutoChain ($PLUTO) Could Gain Traction in the Upcoming Weeks With Its Plan to Activate Major Upgrades on BTC’s Network with Layer-2 Technology

PlutoChain ($PLUTO) could make Bitcoin smarter by potentially bringing smart contracts and decentralized apps (dApps) to the table.

As a Layer-2 protocol, it may tackle Bitcoin’s well-known limitations, like slow processing times, by speeding up transactions and enabling advanced applications — all while building on Bitcoin’s trusted security.

For traders and developers, this might mean more than just faster transactions. PlutoChain could open the door to DeFi, NFT platforms, and other blockchain innovations, potentially offering the best of both worlds – cutting-edge features and Bitcoin’s robust security.

While Ethereum and Solana currently dominate this space, PlutoChain’s specific approach may position Bitcoin as a serious contender.

One major feature might be PlutoChain’s two-second block time, a significant leap from Bitcoin’s typical 10-minute blocks. This improvement could allow developers to create dApps on Bitcoin’s network without the usual delays.

During its testnet phase, the platform reportedly handled around 43,200 daily transactions, suggesting scalability and potential for a smooth user experience as adoption grows.

PlutoChain also supports EVM compatibility, which may make it easier for Ethereum-based apps to transition to the platform. Plus, its governance model could empower early participants to shape the network’s future through voting on key updates.

Security is a top priority. PlutoChain has reportedly passed through audits by trusted firms like SolidProof, QuillAudits, and Assure DeFi, potentially ensuring it’s built to protect users and developers.

The Bottom Line

Ripple (XRP) is currently stabilizing at around $2.20 and while it does have the potential to surge further, $7 might be overkill to expect in January.

At the same time, the industry could start paying attention to PlutoChain in the next couple of weeks as this L2 project prepares for its mainnet launch.

With its plan to activate BTC’s potential and bring new functionalities to it, it might generate substantial buzz soon.

This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited.

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